Greece: Roasted Coffee Market 2023

Roasted Coffee Market Size in Greece

The Greek roasted coffee market rose markedly to $X in 2021, growing by 14% against the previous year. The market value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Roasted Coffee Production in Greece

In value terms, roasted coffee production rose slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 25%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Roasted Coffee Exports

Exports from Greece

In 2021, the amount of roasted coffee exported from Greece expanded markedly to X tons, surging by 15% compared with the previous year's figure. Overall, exports enjoyed a strong expansion. The growth pace was the most rapid in 2014 when exports increased by 105%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, roasted coffee exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 42%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Cyprus (X tons), Croatia (X tons) and Germany (X tons) were the main destinations of roasted coffee exports from Greece, together accounting for 65% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +377.6%), while the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X) remains the key foreign market for roasted coffee exports from Greece, comprising 52% of total exports. The second position in the ranking was taken by Croatia ($X), with an 11% share of total exports. It was followed by Germany, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cyprus amounted to +36.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+375.8% per year) and Germany (+15.8% per year).

Export Prices by Country

The average roasted coffee export price stood at $X per ton in 2021, surging by 17% against the previous year. Overall, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, roasted coffee export price increased by +27.5% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 113%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Cyprus ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Roasted Coffee Imports

Imports into Greece

In 2021, overseas purchases of roasted coffee increased by 17% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 31% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, roasted coffee imports skyrocketed to $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +23.6% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of roasted coffee to Greece, with a 59% share of total imports. Moreover, roasted coffee imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was taken by Bulgaria (X tons), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.9% per year) and Bulgaria (+16.9% per year).

In value terms, Italy ($X) constituted the largest supplier of roasted coffee to Greece, comprising 57% of total imports. The second position in the ranking was taken by France ($X), with a 19% share of total imports. It was followed by Germany, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+14.9% per year) and Germany (+1.8% per year).

Import Prices by Country

In 2021, the average roasted coffee import price amounted to $X per ton, rising by 5.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2020 when the average import price increased by 18% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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