Greece: Prepared Mustard Market 2024

Prepared Mustard Market Size in Greece

The Greek prepared mustard market expanded to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Prepared mustard consumption peaked in 2022 and is expected to retain growth in the immediate term.

Prepared Mustard Production in Greece

In value terms, prepared mustard production skyrocketed to $X in 2022 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2022: its value 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. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prepared Mustard Exports

Exports from Greece

In 2022, shipments abroad of prepared mustard increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, prepared mustard exports soared to $X in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Albania (X tons), the UK (X tons) and Cyprus (X tons) were the main destinations of prepared mustard exports from Greece, together accounting for X% of total exports. France, Bulgaria, Russia and Jordan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Jordan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared mustard exported from Greece were France ($X), Cyprus ($X) and the UK ($X), together accounting for X% of total exports. Albania, Russia, Jordan and Bulgaria lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Jordan, with a CAGR of X%, 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 2022, the average prepared mustard export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable setback. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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

Prepared Mustard Imports

Imports into Greece

In 2022, approx. X tons of prepared mustard were imported into Greece; waning by X% on 2021 figures. Over the period under review, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, prepared mustard imports fell significantly to $X in 2022. In general, imports continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of prepared mustard imports to Greece, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest prepared mustard suppliers to Greece were France ($X), the Netherlands ($X) and Germany ($X), together accounting for X% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average prepared mustard import price amounted to $X per ton, jumping by X% against the previous year. Overall, import price indicated noticeable growth 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. Based on 2022 figures, prepared mustard import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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 the UK ($X per ton), while the price for Bulgaria ($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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