Greece: Oleo Oils Market Overview 2021

Oleo Oils Market Size in Greece

The Greek oleo oils market was estimated at $X in 2019, almost unchanged from the previous year. Overall, consumption faced a precipitous contraction. Oleo oils consumption peaked at $X in 2016; however, from 2017 to 2019, consumption failed to regain the momentum.

Oleo Oils Production in Greece

In value terms, oleo oils production rose significantly to $X in 2020 estimated in export prices. Overall, production showed a pronounced decline. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. As a result, production attained the peak level of $X. from 2009 to 2020, production growth remained at a somewhat lower figure.

Oleo Oils Exports

Exports from Greece

For the fourth consecutive year, Greece recorded growth in shipments abroad of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, which increased by X% to X tonnes in 2020. In general, exports continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. from 2009 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, oleo oils exports reduced to $X in 2020. Over the period under review, exports saw a abrupt downturn. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. from 2009 to 2020, the growth exports remained at a lower figure.

Exports by Country

Cyprus (X kg), Romania (X kg) and the Netherlands (X kg) were the main destinations of oleo oils exports from Greece, together comprising X% of total exports.

From 2007 to 2020, the biggest increases were in Romania, while shipments for the other leaders experienced mixed trend patterns.

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

From 2007 to 2020, the average annual growth rate of value to Cyprus was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-X% per year) and the Netherlands (-X% per year).

Export Prices by Country

In 2020, the average oleo oils export price amounted to $X per tonne, reducing by -X% against the previous year. Overall, the export price showed a drastic downturn. The growth pace was the most rapid in 2009 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2014; however, from 2015 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Cyprus ($X per tonne), while the average price for exports to Romania ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced a decline.

Oleo Oils Imports

Imports into Greece

In 2020, overseas purchases of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil were finally on the rise to reach X kg for the first time since 2016, thus ending a three-year declining trend. In general, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X kg in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

In value terms, oleo oils imports soared to $X in 2020. Overall, imports showed prominent growth. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Bulgaria (X kg) was the main supplier of oleo oils to Greece, accounting for a X% share of total imports. It was followed by Italy (X kg), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Bulgaria totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Germany (-X% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of oleo oils to Greece, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Bulgaria stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Germany (-X% per year).

Import Prices by Country

In 2020, the average oleo oils import price amounted to $X per tonne, rising by X% against the previous year. In general, the import price, however, continues to indicate a mild decline. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. from 2014 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in the world?

+

The countries with the highest volumes of oleo oils consumption in 2020 were Ireland (75K tonnes), the U.S. (44K tonnes) and the UK (35K tonnes), together comprising 53% of global consumption. These countries were followed by Malaysia, Sudan, Belgium and Egypt, which together accounted for a further 34%.

What are the largest producers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in the world?

+

The countries with the highest volumes of oleo oils production in 2020 were the UK (90K tonnes), Ireland (72K tonnes) and the U.S. (54K tonnes), together comprising 74% of global production.

What are the leading suppliers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil to Greece?

+

In value terms, Bulgaria ($1.6K) constituted the largest supplier of oleo oils to Greece, comprising 97% of total imports. The second position in the ranking was occupied by Italy ($45), with a 2.7% share of total imports.

What are the leading importers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil from Greece?

+

In value terms, Cyprus ($358) emerged as the key foreign market for oleo oils exports from Greece, comprising 92% of total exports. The second position in the ranking was occupied by Romania ($18), with a 4.8% share of total exports.

What is the average export price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Greece?

+

The average oleo oils export price stood at $357 per tonne in 2020, which is down by -22.1% against the previous year.

What is the average import price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Greece?

+

In 2020, the average oleo oils import price amounted to $4,468 per tonne, with an increase of 36% against the previous year.