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Greece - Vanilla - Market Analysis, Forecast, Size, Trends and Insights
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Greece: Vanilla Market Overview 2021

Vanilla Market Size in Greece

The Greek vanilla market contracted significantly to $X in 2020, reducing by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a pronounced decrease. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. from 2015 to 2020, the growth of the market remained at a lower figure.

Vanilla Exports

Exports from Greece

After two years of decline, shipments abroad of vanilla increased by X% to X tonnes in 2020. Overall, exports saw resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, exports reached the peak of X tonnes. from 2016 to 2020, the growth exports failed to regain the momentum.

In value terms, vanilla exports soared to $X in 2020. Over the period under review, exports continue to indicate perceptible growth. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Exports peaked at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

Romania (X kg), Germany (X kg) and Bulgaria (X kg) were the main destinations of vanilla exports from Greece, with a combined X% share of total exports. These countries were followed by the UK, Albania, Cyprus and Belgium, which together accounted for a further X 2007 to 2020, the biggest increases were in the UK (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Germany ($X) and Bulgaria ($X) were the largest markets for vanilla exported from Greece worldwide, together accounting for X% of total exports. The UK, Cyprus, Albania and Belgium lagged somewhat behind, together accounting for a further X the main countries of destination, the UK recorded the highest rates of growth with regard to 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 2020, the average vanilla export price amounted to $X per tonne, dropping by -X% against the previous year. Overall, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per tonne in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Bulgaria ($X per tonne), while the average price for exports to Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Romania, while the prices for the other major destinations experienced mixed trend patterns.

Vanilla Imports

Imports into Greece

In 2020, the amount of vanilla imported into Greece reduced rapidly to X tonnes, with a decrease of -X% on 2019 figures. Over the period under review, imports showed a pronounced decline. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. from 2015 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, vanilla imports rose slightly to $X in 2020. In general, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure in 2020 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2020, France (X tonnes) constituted the largest supplier of vanilla to Greece, accounting for a X% share of total imports. Moreover, vanilla imports from France exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), fourfold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from France amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and the Netherlands (-X% per year).

In value terms, France ($X) constituted the largest supplier of vanilla to Greece, comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from France amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Italy (-X% per year).

Import Prices by Country

The average vanilla import price stood at $X per tonne in 2020, picking up by X% against the previous year. In general, the import price showed a remarkable increase. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vanilla in the world?
+
The country with the largest volume of vanilla consumption was Indonesia (2.3K tonnes), comprising approx. 32% of total volume. Moreover, vanilla consumption in Indonesia exceeded the figures recorded by the second-largest consumer, the U.S. (941 tonnes), twofold. Mexico (528 tonnes) ranked third in terms of total consumption with a 7.1% share.
What are the largest producers of vanilla in the world?
+
The countries with the highest volumes of vanilla production in 2020 were Indonesia (2.5K tonnes), Madagascar (2.3K tonnes) and Mexico (532 tonnes), together comprising 73% of global production. Papua New Guinea, China, Turkey and Uganda lagged somewhat behind, together accounting for a further 21%.
What are the leading suppliers of vanilla to Greece?
+
In value terms, France ($589K) constituted the largest supplier of vanilla to Greece, comprising 69% of total imports. The second position in the ranking was occupied by the UK ($60K), with a 6.9% share of total imports. It was followed by Italy, with a 3% share.
What are the leading importers of vanilla from Greece?
+
In value terms, Romania ($5.9K), Germany ($3.6K) and Bulgaria ($2K) were the largest markets for vanilla exported from Greece worldwide, together comprising 77% of total exports. The UK, Cyprus, Albania and Belgium lagged somewhat behind, together comprising a further 15%.
What is the average export price for vanilla in Greece?
+
In 2020, the average vanilla export price amounted to $10,000 per tonne, dropping by -51.3% against the previous year.
What is the average import price for vanilla in Greece?
+
In 2020, the average vanilla import price amounted to $61,214 per tonne, picking up by 167% against the previous year.

Product coverage:
• FCL 692 - Vanilla

This report provides an in-depth analysis of the vanilla 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

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 2030
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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