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Greece - Ghee - Market Analysis, Forecast, Size, Trends and Insights
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Greece: Ghee Market Overview 2021

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Ghee Market Size in Greece

The Greek ghee market dropped rapidly to $X in 2019, which is down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a deep contraction. The pace of growth was the most pronounced in 2017 when the market value increased by X% year-to-year. Ghee consumption peaked at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Ghee Exports

Exports from Greece

In 2019, the amount of ghee exported from Greece skyrocketed to X tonnes, with an increase of X% compared with 2018. Overall, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Exports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, ghee exports skyrocketed to $X in 2019. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, exports reached the maximum in 2019 and are likely to continue growth in the immediate term.

Exports by Country

Cyprus (X tonnes) was the main destination for ghee exports from Greece, accounting for a X% share of total exports. Moreover, ghee exports to Cyprus exceeded the volume sent to the second major destination, Albania (X tonnes), fourfold. The third position in this ranking was occupied by Romania (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Cyprus stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+X% per year) and Romania (+X% per year).

In value terms, Cyprus ($X) remains the key foreign market for ghee exports from Greece, comprising X% of total exports. The second position in the ranking was occupied by Albania ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Cyprus amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+X% per year) and Romania (+X% per year).

Export Prices by Country

The average ghee export price stood at $X per tonne in 2019, surging by X% against the previous year. In general, export price indicated a moderate expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, ghee export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure in 2019 and is expected to retain growth in the near future.

Average prices varied somewhat for the major export markets. In 2019, the highest prices were recorded for prices to Bulgaria ($X per tonne) and Cyprus ($X per tonne), while the average price for exports to Romania ($X per tonne) and Albania ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria, while the prices for the other major destinations experienced more modest paces of growth.

Ghee Imports

Imports into Greece

For the fourth consecutive year, Greece recorded decline in purchases abroad of ghee, which decreased by -X% to X tonnes in 2019. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, ghee imports fell remarkably to $X in 2019. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

France (X tonnes), the Netherlands (X tonnes) and Belgium (X tonnes) were the main suppliers of ghee imports to Greece, with a combined X% share of total imports. These countries were followed by Sweden, Germany, Spain and Italy, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden, while imports for the other leaders experienced a decline.

In value terms, France ($X), Belgium ($X) and the Netherlands ($X) constituted the largest ghee suppliers to Greece, with a combined X% share of total imports. These countries were followed by Sweden, Germany, Spain and Italy, which together accounted for a further X recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ghee import price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. Over the period under review, import price indicated a modest expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2018, and then declined markedly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ghee in the world?
+
The country with the largest volume of ghee consumption was India (3.7M tonnes), accounting for 73% of total volume. Moreover, ghee consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan (850K tonnes), fourfold.
What are the largest producers of ghee in the world?
+
The country with the largest volume of ghee production was India (3.7M tonnes), accounting for 73% of total volume. Moreover, ghee production in India exceeded the figures recorded by the second-largest producer, Pakistan (850K tonnes), fourfold.
What are the leading suppliers of ghee to Greece?
+
In value terms, the largest ghee suppliers to Greece were France ($2.6M), Belgium ($1.6M) and the Netherlands ($1.5M), together comprising 78% of total imports. Sweden, Germany, Spain and Italy lagged somewhat behind, together accounting for a further 20%.
What are the leading importers of ghee from Greece?
+
In value terms, Cyprus ($424K) remains the key foreign market for ghee exports from Greece, comprising 73% of total exports. The second position in the ranking was occupied by Albania ($84K), with a 15% share of total exports. It was followed by Romania, with a 5.7% share.
What is the average export price for ghee in Greece?
+
The average ghee export price stood at $7,358 per tonne in 2019, increasing by 2.5% against the previous year.
What is the average import price for ghee in Greece?
+
The average ghee import price stood at $5,963 per tonne in 2019, falling by -19.1% against the previous year.

Product coverage:
• FCL 887 - Ghee from Cow Milk
• FCL 953 - Ghee, from Buffalo Milk

This report provides an in-depth analysis of the ghee market in Greece. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Greece

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Greece
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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