Greece: Maize Market 2024

Maize Market Size in Greece

In 2022, the Greek maize market decreased by X% to $X, falling for the fourth year in a row after four years of growth. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Maize Production in Greece

In value terms, maize production reached $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of maize in Greece fell to X tons per ha, waning by X% against the previous year's figure. In general, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the yield increased by X% against the previous year. The maize yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield remained at a 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 maize were harvested in Greece; approximately mirroring the previous year. Overall, the harvested area continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the harvested area dedicated to maize production reached the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Maize Exports

Exports from Greece

In 2022, overseas shipments of maize increased by X% to X tons, rising for the third consecutive year after seven years of decline. In general, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, maize exports surged to $X in 2022. Overall, exports, however, showed a deep reduction. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Bulgaria (X tons), Italy (X tons) and Cyprus (X tons) were the main destinations of maize exports from Greece, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for maize exported from Greece were Italy ($X), Bulgaria ($X) and Cyprus ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Bulgaria, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average maize export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, export price indicated a tangible 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. The growth pace was the most rapid in 2015 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

Maize Imports

Imports into Greece

In 2022, imports of maize into Greece contracted to X tons, with a decrease of X% compared with the year before. In general, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, maize imports rose markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Bulgaria (X tons) constituted the largest maize supplier to Greece, accounting for a X% share of total imports. Moreover, maize imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), twofold. Russia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bulgaria amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Russia (X% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of maize to Greece, comprising X% of total imports. The second position in the ranking was taken by Ukraine ($X), with an X% share of total imports. It was followed by Romania, with a X% share.

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

Import Prices by Country

The average maize import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Romania ($X per ton) and Bulgaria ($X per ton), while the price for Russia ($X per ton) and Moldova ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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