Greece: Hazelnut Market 2024

Hazelnut Market Size in Greece

The Greek hazelnut market reduced to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible increase. Over the period under review, the market attained the maximum level at $X in 2021, and then declined in the following year.

Hazelnut Production in Greece

In value terms, hazelnut production declined significantly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Hazelnut production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The average yield of hazelnuts in Greece reduced to X tons per ha in 2022, with a decrease of X% compared with the year before. Overall, the yield continues to indicate a slight slump. The pace of growth was the most pronounced in 2018 when the yield increased by X% against the previous year. The hazelnut yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of hazelnuts were harvested in Greece; with a decrease of X% compared with the previous year's figure. Overall, the harvested area, however, enjoyed a notable expansion. The growth pace was the most rapid in 2017 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to hazelnut production reached the maximum at X ha in 2021, and then declined in the following year.

Hazelnut Exports

Exports from Greece

Hazelnut exports from Greece fell sharply to X tons in 2022, waning by X% compared with 2021 figures. In general, exports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, hazelnut exports fell remarkably to $X in 2022. Overall, exports, however, posted temperate growth. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then fell remarkably in the following year.

Exports by Country

France (X tons) was the main destination for hazelnut exports from Greece, with a X% share of total exports. Moreover, hazelnut exports to France exceeded the volume sent to the second major destination, Cyprus (X kg), more than tenfold.

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

In value terms, France ($X) emerged as the key foreign market for hazelnuts exports from Greece, comprising X% of total exports. The second position in the ranking was held by Cyprus ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (X% per year) and Romania (X% per year).

Export Prices by Country

The average hazelnut export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price saw a perceptible decrease. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Romania ($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 Cyprus (X%), while the prices for the other major destinations experienced a decline.

Hazelnut Imports

Imports into Greece

In 2022, imports of hazelnuts into Greece surged to X tons, picking up by X% compared with 2021. Overall, imports, however, continue to indicate a pronounced reduction. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, hazelnut imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a abrupt decrease. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of hazelnut to Greece, accounting for a X% share of total imports. Moreover, hazelnut imports from France exceeded the figures recorded by the second-largest supplier, Romania (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Turkey (X% per year).

In value terms, the largest hazelnut suppliers to Greece were France ($X), Romania ($X) and Turkey ($X).

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average hazelnut import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

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 Turkey ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :