Greece: Nuts Market 2024

Nuts Market Size in Greece

In 2022, the Greek nuts market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Nuts Production in Greece

In value terms, nuts production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Nuts production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

The average yield of nuts in Greece shrank slightly to X tons per ha in 2022, falling by X% against 2021. Overall, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the yield increased by X% against the previous year. Over the period under review, the average nuts yield attained the peak level at X tons per ha in 2017; however, from 2018 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of nuts production in Greece contracted to X ha, which is down by X% on the previous year's figure. In general, the total harvested area indicated notable growth from 2012 to 2022: its figure 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, nuts harvested area increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to nuts production attained the maximum at X ha in 2021, and then reduced slightly in the following year.

Nuts Exports

Exports from Greece

In 2022, shipments abroad of nuts increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, total exports indicated a strong expansion from 2012 to 2022: its volume 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, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, nuts exports reduced modestly to $X in 2022. In general, total exports indicated a tangible 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for nuts exports from Greece, with a X% share of total exports. Moreover, nuts exports to Italy exceeded the volume sent to the second major destination, Albania (X tons), sixfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (X% per year) and Germany (X% per year).

In value terms, Italy ($X) remains the key foreign market for nuts exports from Greece, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with an X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average nuts export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price showed a slight shrinkage. The pace of growth was the most pronounced in 2016 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 2017 to 2022, the average export prices remained at a lower figure.

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

Nuts Imports

Imports into Greece

In 2022, approx. X tons of nuts were imported into Greece; declining by X% on the previous year. Over the period under review, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, nuts imports reduced sharply to $X in 2022. In general, imports saw a deep contraction. The pace of growth appeared the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X tons), Chile (X tons) and China (X tons) were the main suppliers of nuts imports to Greece, with a combined X% share of total imports.

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

In value terms, the largest nuts suppliers to Greece were the United States ($X), Turkey ($X) and Chile ($X), with a combined X% share of total imports.

Chile, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nuts import price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price saw a mild contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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