Price for Protein; Concentrates and Textured Protein Substances in Greece - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Greece (CIF) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in Greece (FOB) - 2024
- Imports of Protein; Concentrates and Textured Protein Substances in Greece
- Exports of Protein; Concentrates and Textured Protein Substances in Greece
Price for Protein; Concentrates and Textured Protein Substances in Greece (CIF) - 2024
The average import price for protein; concentrates and textured protein substanceses stood at $4,647 per ton in March 2024, rising by 11% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 24% against the previous month. Over the period under review, average import prices hit record highs at $6,513 per ton in September 2023; however, from October 2023 to March 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($13,457 per ton), while the price for Serbia ($1,648 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Bulgaria (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Greece (FOB) - 2024
In March 2024, the average export price for protein; concentrates and textured protein substanceses amounted to $6,303 per ton, surging by 6.7% against the previous month. Over the period from March 2023 to March 2024, it increased at an average monthly rate of +2.9%. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 65% against the previous month. As a result, the export price attained the peak level of $7,398 per ton. From May 2023 to March 2024, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In March 2024, the country with the highest price was the United Arab Emirates ($13,936 per ton), while the average price for exports to the Netherlands ($1,976 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Protein; Concentrates and Textured Protein Substances in Greece
In 2022, purchases abroad of protein; concentrates and textured protein substanceses decreased by -4.7% to 5.9K tons, falling for the second year in a row after two years of growth. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 79%. As a result, imports reached the peak of 11K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of protein; concentrates and textured protein substanceses amounted to $25M in 2022. The total import value increased at an average annual rate of +9.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 19% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Protein; Concentrates and Textured Protein Substances in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.2 | 5.3 | 6.9 | 8.0 | 15.4% |
| Netherlands | 1.7 | 2.0 | 4.3 | 4.1 | 34.1% |
| Italy | 1.4 | 1.5 | 2.1 | 2.1 | 14.5% |
| United States | 1.1 | 0.8 | 0.7 | 1.2 | 2.9% |
| Bulgaria | 1.1 | 1.1 | 1.3 | 1.2 | 2.9% |
| Spain | 2.1 | 1.7 | 1.2 | 1.1 | -19.4% |
| Serbia | 0.3 | 3.0 | 0.5 | 0.6 | 26.0% |
| Brazil | 1.0 | 2.1 | N/A | N/A | 110.0% |
| Others | 5.2 | 5.1 | 7.2 | 6.7 | 8.8% |
| Total | 19.1 | 22.7 | 24.2 | 24.9 | 9.2% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Greece in 2022:
- Germany (2007.5 tons)
- Netherlands (710.3 tons)
- Italy (673.6 tons)
- Bulgaria (507.9 tons)
- Spain (423.0 tons)
- Serbia (396.1 tons)
- United States (371.2 tons)
Exports of Protein; Concentrates and Textured Protein Substances in Greece
In 2022, overseas shipments of protein; concentrates and textured protein substanceses decreased by -22.4% to 3.1K tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 2.2%. As a result, the exports attained the peak of 4.4K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of protein; concentrates and textured protein substanceses declined to $21M in 2022. Overall, exports continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2020 with an increase of 13%. As a result, the exports reached the peak of $26M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Protein; Concentrates and Textured Protein Substances in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cyprus | 15.0 | 16.3 | 12.5 | 10.3 | -11.8% |
| Romania | 2.1 | 2.9 | 3.3 | 4.2 | 26.0% |
| Albania | 1.0 | 0.8 | 1.2 | 1.6 | 17.0% |
| Serbia | 1.4 | 1.0 | 1.0 | 1.0 | -10.6% |
| Germany | 0.2 | 0.8 | 0.9 | 1.0 | 71.0% |
| Spain | 0.1 | 0.2 | 0.2 | 0.4 | 58.7% |
| Bulgaria | 0.9 | 0.4 | 0.2 | 0.4 | -23.7% |
| Poland | N/A | N/A | 0.3 | 0.3 | 0.0% |
| Italy | 0.2 | 1.3 | 1.2 | 0.2 | 0.0% |
| Jordan | 0.5 | 0.6 | 0.8 | 0.2 | -26.3% |
| Others | 1.6 | 1.7 | 1.6 | 1.2 | -9.1% |
| Total | 23.0 | 26.0 | 23.3 | 20.8 | -3.3% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Greece in 2022:
- Cyprus (1297.8 tons)
- Romania (476.5 tons)
- Albania (300.2 tons)
- Serbia (187.4 tons)
- Germany (141.3 tons)
- Spain (102.8 tons)
- Bulgaria (102.0 tons)
- Poland (98.0 tons)
- Italy (26.0 tons)
- Jordan (25.6 tons)
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