Greece: Wheat Starch Market 2024

Wheat Starch Market Size in Greece

The Greek wheat starch market stood at $X in 2022, picking up by X% against the previous year. In general, the total consumption indicated a tangible increase 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, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Wheat Starch Production in Greece

In value terms, wheat starch production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated measured growth 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 decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Wheat starch production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Wheat Starch Exports

Exports from Greece

In 2022, overseas shipments of wheat starch increased by X% to X tons, rising for the third year in a row after two years of decline. In general, exports showed a significant expansion. 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.

In value terms, wheat starch exports soared to $X in 2022. Overall, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Cyprus (X tons) was the main destination for wheat starch exports from Greece, accounting for a X% share of total exports. Moreover, wheat starch exports to Cyprus exceeded the volume sent to the second major destination, Bulgaria (X tons), fivefold.

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

In value terms, the largest markets for wheat starch exported from Greece were Bulgaria ($X), Cyprus ($X) and Austria ($X).

Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 wheat starch export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price saw a deep contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Cyprus ($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%).

Wheat Starch Imports

Imports into Greece

In 2022, supplies from abroad of wheat starch decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a deep setback. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wheat starch imports expanded rapidly to $X in 2022. Over the period under review, imports recorded a deep setback. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Austria (X tons), Hungary (X tons) and Italy (X tons) were the main suppliers of wheat starch imports to Greece, together accounting for X% 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, Italy ($X), Austria ($X) and Hungary ($X) appeared to be the largest wheat starch suppliers to Greece, with a combined X% share of total imports.

Austria, with a CAGR of X%, recorded 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 2022, the average wheat starch import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, import price indicated slight 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, wheat starch import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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