Greece: Market for Sunflower-Seed And Safflower Oil 2022

Market Size for Sunflower-Seed And Safflower Oil in Greece

In 2021, the Greek sunflower-seed and safflower oil market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Sunflower-Seed And Safflower Oil in Greece

In value terms, sunflower-seed and safflower oil production reduced to $X in 2021 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Sunflower-seed and safflower oil production peaked at $X in 2020, and then declined in the following year.

Exports of Sunflower-Seed And Safflower Oil

Exports from Greece

In 2021, the amount of sunflower-seed and safflower oil exported from Greece soared to X tons, increasing by X% compared with the previous year's figure. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sunflower-seed and safflower oil exports surged to $X in 2021. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons), Italy (X tons) and Israel (X tons) were the main destinations of sunflower-seed and safflower oil exports from Greece, together accounting for X% of total exports.

From 2012 to 2021, the biggest increases were in Israel (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Israel ($X) appeared to be the largest markets for sunflower-seed and safflower oil exported from Greece worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Israel, with a CAGR of +X%, recorded the highest growth rate of 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 2021, the average sunflower-seed and safflower oil export price amounted to $X per ton, growing 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 attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the highest price was recorded for prices to Cyprus ($X per ton) and Israel ($X per ton), while the average price for exports to Poland ($X per ton) and Spain ($X per ton) were amongst the lowest.

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

Imports of Sunflower-Seed And Safflower Oil

Imports into Greece

In 2021, approx. X tons of sunflower-seed and safflower oil were imported into Greece; declining by -X% against the previous year. Overall, imports recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, sunflower-seed and safflower oil imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a mild contraction. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Bulgaria (X tons) constituted the largest supplier of sunflower-seed and safflower oil to Greece, accounting for a X% share of total imports. Moreover, sunflower-seed and safflower oil imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Romania (X tons), sixfold. The third position in this ranking was taken by Ukraine (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Bulgaria stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+X% per year) and Ukraine (-X% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of sunflower-seed and safflower oil to Greece, comprising X% of total imports. The second position in the ranking was taken by Romania ($X), with a X% share of total imports. It was followed by Ukraine, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Bulgaria totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+X% per year) and Ukraine (-X% per year).

Import Prices by Country

In 2021, the average sunflower-seed and safflower oil import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Serbia ($X per ton) and Bulgaria ($X per ton), while the price for Germany ($X per ton) and Romania ($X per ton) were amongst the lowest.

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

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