Greece: Market for Processed cheese (excluding grated or powdered) 2024

Market Size for Processed cheese (excluding grated or powdered) in Greece

In 2022, the Greek market for processed cheese (excluding grated or powdered) increased by X% to $X, rising for the second year in a row after four years of decline. In general, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Processed cheese (excluding grated or powdered) in Greece

In value terms, production of processed cheese (excluding grated or powdered) amounted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Processed cheese (excluding grated or powdered)

Exports from Greece

For the third year in a row, Greece recorded growth in shipments abroad of processed cheese (excluding grated or powdered), which increased by X% to X tons in 2022. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) surged to $X in 2022. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The UK (X tons) was the main destination for exports of processed cheese (excluding grated or powdered) from Greece, accounting for a X% share of total exports. Moreover, exports of processed cheese (excluding grated or powdered) to the UK exceeded the volume sent to the second major destination, Cyprus (X tons), twofold. Bulgaria (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, the UK ($X) emerged as the key foreign market for processed cheese (excluding grated or powdered) exports from Greece, comprising X% of total exports. The second position in the ranking was held by Cyprus ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (X% per year) and Saudi Arabia (X.7% per year).

Export Prices by Country

The average export price for processed cheese (excluding grated or powdered) stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 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 Saudi Arabia ($X per ton), while the average price for exports to Bulgaria ($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 Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed cheese (excluding grated or powdered)

Imports into Greece

In 2022, supplies from abroad of processed cheese (excluding grated or powdered) increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of processed cheese (excluding grated or powdered) expanded markedly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), France (X tons) and Austria (X tons) were the main suppliers of imports of processed cheese (excluding grated or powdered) to Greece, with a combined X% share of total imports.

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

In value terms, France ($X), Germany ($X) and Luxembourg ($X) appeared to be the largest processed cheese (excluding grated or powdered) suppliers to Greece, with a combined X% share of total imports. Austria, Italy and Romania lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Romania, with a CAGR of X%, recorded 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

The average import price for processed cheese (excluding grated or powdered) stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Italy ($X per ton), while the price for Austria ($X per ton) was 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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