Latest Report Update: Apr 12, 2021

Greece - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Greece: Peanut Butter Market Overview 2021

Peanut Butter Market Size in Greece

In 2019, after eight years of growth, there was significant decline in the Greek peanut butter market, when its value decreased by -X% to $X. Over the period under review, consumption, however, enjoyed a tangible increase. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2018, and then fell dramatically in the following year.

Peanut Butter Production in Greece

In value terms, peanut butter production stood at $X in 2019 estimated in export prices. In general, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% year-to-year. Peanut butter production peaked in 2019 and is likely to see gradual growth in the near future.

Peanut Butter Exports

Exports from Greece

In 2019, shipments abroad of peanut butter and prepared or preserved groundnuts increased by X% to X tonnes, rising for the third consecutive year after two years of decline. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, exports reached the maximum in 2019 and are expected to retain growth in the immediate term.

In value terms, peanut butter exports shrank to $X in 2019. In general, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2018, and then dropped in the following year.

Exports by Country

Poland (X tonnes), Albania (X tonnes) and Cyprus (X tonnes) were the main destinations of peanut butter exports from Greece, with a combined X% share of total exports. The Netherlands, Macedonia, Serbia, Cabo Verde, the UK, Romania, Germany and Ireland lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cabo Verde (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for peanut butter exported from Greece were Poland ($X), Albania ($X) and Cyprus ($X), with a combined X% share of total exports. The Netherlands, the UK, Macedonia, Serbia, Cabo Verde, Romania, Germany and Ireland lagged somewhat behind, together comprising a further X terms of the main countries of destination, Cabo Verde (+X% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average peanut butter export price amounted to $X per tonne, reducing by -X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2018 an increase of X% y-o-y. The export price peaked at $X per tonne in 2013; however, from 2014 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was the UK ($X per tonne), while the average price for exports to Macedonia ($X per tonne) was amongst the lowest.

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

Peanut Butter Imports

Imports into Greece

In 2019, imports of peanut butter and prepared or preserved groundnuts into Greece contracted notably to X tonnes, reducing by -X% on 2018. In general, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at X tonnes in 2017; however, from 2018 to 2019, imports remained at a lower figure.

In value terms, peanut butter imports declined markedly to $X in 2019. Overall, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Argentina (X tonnes) constituted the largest peanut butter supplier to Greece, with a X% share of total imports. Moreover, peanut butter imports from Argentina exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), threefold. China (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Argentina totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and China (+X% per year).

In value terms, Argentina ($X), the Netherlands ($X) and China ($X) appeared to be the largest peanut butter suppliers to Greece, with a combined X% share of total imports. These countries were followed by Germany, the UK and Bulgaria, which together accounted for a further X (+X% per year) saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average peanut butter import price amounted to $X per tonne, picking up by X% against the previous year. In general, the import price, however, recorded a slight slump. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The import price peaked at $X per tonne in 2008; however, from 2009 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peanut butter and prepared or preserved groundnuts in the world?
+
China (859K tonnes) remains the largest peanut butter consuming country worldwide, accounting for 17% of total volume. Moreover, peanut butter consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (374K tonnes), twofold. The third position in this ranking was occupied by India (332K tonnes), with a 6.5% share.
What are the largest producers of peanut butter and prepared or preserved groundnuts in the world?
+
China (1.2M tonnes) remains the largest peanut butter producing country worldwide, accounting for 23% of total volume. Moreover, peanut butter production in China exceeded the figures recorded by the second-largest producer, the U.S. (408K tonnes), threefold. India (352K tonnes) ranked third in terms of total production with a 6.7% share.
What are the leading suppliers of peanut butter and prepared or preserved groundnuts to Greece?
+
In value terms, the largest peanut butter suppliers to Greece were Argentina ($4.5M), the Netherlands ($2.9M) and China ($1.4M), together comprising 80% of total imports. These countries were followed by Germany, the UK and Bulgaria, which together accounted for a further 16%.
What are the leading importers of peanut butter and prepared or preserved groundnuts from Greece?
+
In value terms, the largest markets for peanut butter exported from Greece were Poland ($2.6M), Albania ($1.4M) and Cyprus ($880K), with a combined 54% share of total exports. These countries were followed by the Netherlands, the UK, Macedonia, Serbia, Cabo Verde, Romania, Germany and Ireland, which together accounted for a further 35%.
What is the average export price for peanut butter and prepared or preserved groundnuts in Greece?
+
The average peanut butter export price stood at $3,507 per tonne in 2019, reducing by -13.6% against the previous year.
What is the average import price for peanut butter and prepared or preserved groundnuts in Greece?
+
In 2019, the average peanut butter import price amounted to $1,880 per tonne, surging by 3.8% against the previous year.

Product coverage:
• Prodcom 10392330 - Prepared or preserved groundnuts (including peanut butter, e xcluding by vinegar or acetic acid, frozen, purees and pastes)

This report provides an in-depth analysis of the peanut butter 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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
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, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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