Greece: Inulin Market 2024

Inulin Market Size in Greece

The Greek inulin market shrank slightly to $X in 2022, waning by X% against the previous year. In general, consumption saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Inulin consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Inulin Production in Greece

In value terms, inulin production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decrease. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Inulin Exports

Exports from Greece

In 2022, after two years of growth, there was decline in shipments abroad of inulin, when their volume decreased by X% to X tons. In general, exports saw a perceptible curtailment. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, inulin exports dropped notably to $X in 2022. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

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

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

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

Export Prices by Country

The average inulin 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 recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Cyprus ($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 Romania (X%), while the prices for the other major destinations experienced a decline.

Inulin Imports

Imports into Greece

In 2022, overseas purchases of inulin decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a noticeable reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, inulin imports dropped to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Romania (X tons) were the main suppliers of inulin imports to Greece, together accounting for X% of total imports. Germany and Bulgaria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest inulin suppliers to Greece were the Netherlands ($X), Belgium ($X) and Germany ($X), together comprising X% of total imports.

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

Import Prices by Country

The average inulin import price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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