Greece: Market for Fish Fats And Oils 2024

Market Size for Fish Fats And Oils in Greece

In 2022, the Greek fish fat and oil market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Exports of Fish Fats And Oils

Exports from Greece

In 2022, the amount of fish fats and oils exported from Greece soared to X tons, rising by X% compared with the year before. In general, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, fish fat and oil exports dropped remarkably to $X in 2022. Over the period under review, exports, however, saw a slight decline. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons) was the main destination for fish fat and oil exports from Greece, with a X% share of total exports. Moreover, fish fat and oil exports to Romania exceeded the volume sent to the second major destination, Bulgaria (X tons), twofold. The third position in this ranking was held by Germany (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Germany (X% per year).

In value terms, Romania ($X) remains the key foreign market for fish fats and oils exports from Greece, comprising X% of total exports. The second position in the ranking was taken by Bulgaria ($X), with an X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Germany (X% per year).

Export Prices by Country

The average fish fat and oil export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (X%), while the prices for the other major destinations experienced a decline.

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Imports of Fish Fats And Oils

Imports into Greece

In 2022, after three years of growth, there was decline in purchases abroad of fish fats and oils, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, fish fat and oil imports soared to $X in 2022. In general, imports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Norway (X tons) constituted the largest fish fat and oil supplier to Greece, accounting for a X% share of total imports. Moreover, fish fat and oil imports from Norway exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Norway totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Poland (X% per year).

In value terms, Norway ($X), Germany ($X) and Chile ($X) constituted the largest fish fat and oil suppliers to Greece, with a combined X% share of total imports. Spain, Poland, Denmark and Mexico lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average fish fat and oil import price amounted to $X per ton, increasing by X% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fish fat and oil import price increased by X% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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