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Greece - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVirgin Olive Oil Price in Greece - 2021
Contents:
- Virgin Olive Oil Price in Greece (FOB) - 2021
- Virgin Olive Oil Price in Greece (CIF) - 2021
- Virgin Olive Oil Exports in Greece
- Virgin Olive Oil Imports in Greece
Virgin Olive Oil Price in Greece (FOB) - 2021
The average virgin olive oil export price stood at $4,446 per ton in November 2021, which is down by -3.6% against the previous month. Over the period from November 2020 to November 2021, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in April 2021 when the average export price increased by 6.1% month-to-month. The export price peaked at $4,759 per ton in August 2021; however, from September 2021 to November 2021, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($5,822 per ton), while the average price for exports to Italy ($3,847 per ton) was amongst the lowest.
From November 2020 to November 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Virgin Olive Oil Price in Greece (CIF) - 2021
In November 2021, the average virgin olive oil import price amounted to $3,763 per ton, growing by 3% against the previous month. In general, the import price saw slight growth. The most prominent rate of growth was recorded in September 2021 an increase of 81% m-o-m. As a result, import price reached the peak level of $6,727 per ton. From October 2021 to November 2021, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,434 per ton), while the price for Spain ($3,428 per ton) was amongst the lowest.
From November 2020 to November 2021, the most notable rate of growth in terms of prices was attained by Cyprus (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Virgin Olive Oil Exports in Greece
In 2022, the amount of virgin olive oil exported from Greece expanded remarkably to 157K tons, with an increase of 5.9% on the previous year. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +17.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 72% against the previous year. As a result, the exports attained the peak of 166K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, virgin olive oil exports declined to $589M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.6% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 45% against the previous year.
Export of Virgin Olive Oil in Greece (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 141 | 294 | 355 | 327 | 32.4% |
Germany | 56.8 | 74.6 | 78.0 | 71.8 | 8.1% |
United States | 42.7 | 39.5 | 47.7 | 43.8 | 0.9% |
France | 8.5 | 10.1 | 13.1 | 12.0 | 12.2% |
Austria | 15.0 | 10.8 | 12.9 | 11.7 | -7.9% |
United Kingdom | 8.3 | 10.5 | 12.2 | 11.3 | 10.8% |
Others | 98.7 | 99.0 | 120 | 111 | 4.0% |
Total | 371 | 539 | 639 | 589 | 16.7% |
Top Export Markets for Virgin Olive Oil from Greece in 2022:
- Italy (99.0K tons)
- Germany (15.0K tons)
- United States (10.0K tons)
- Austria (2.5K tons)
- France (2.4K tons)
- United Kingdom (2.3K tons)
Virgin Olive Oil Imports in Greece
In 2022, the amount of virgin olive oil imported into Greece contracted to 2.1K tons, with a decrease of -9% on the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. As a result, imports attained the peak of 2.3K tons, and then shrank in the following year.
In value terms, virgin olive oil imports shrank remarkably to $6.8M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +5.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 66% against the previous year. As a result, imports attained the peak of $8.5M, and then shrank rapidly in the following year.
Import of Virgin Olive Oil in Greece (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 4,071 | 812 | 3,752 | 3,204 | -7.7% |
Italy | 967 | 3,386 | 3,302 | 2,819 | 42.9% |
Cyprus | 348 | 169 | 400 | 341 | -0.7% |
Germany | 34.9 | 132 | 204 | 174 | 70.8% |
Bulgaria | 211 | 30.0 | 80.4 | 89.9 | -24.8% |
United Kingdom | 34.9 | 213 | N/A | 68.3 | 25.1% |
Finland | N/A | 151 | N/A | N/A | 0% |
Others | 195 | 248 | 776 | 131 | -12.4% |
Total | 5,861 | 5,140 | 8,514 | 6,827 | 5.2% |
Top Suppliers of Virgin Olive Oil to Greece in 2022:
- Spain (1059.8 tons)
- Italy (747.1 tons)
- Cyprus (192.4 tons)
- United Kingdom (37.2 tons)
- Germany (36.8 tons)
- Bulgaria (35.8 tons)
This report provides an in-depth analysis of the virgin olive oil 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 2030.
Product coverage:
- FCL 261 - Oil of Olives, Virgin
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the virgin olive oil market in Greece.
This report provides an in-depth analysis of the olive oil market in Greece.
This report provides an in-depth analysis of the refined olive oil market in Greece.
This report provides an in-depth analysis of the global virgin olive oil market.
This report provides an in-depth analysis of the global olive oil market.
This report provides an in-depth analysis of the global refined olive oil market.
This report provides an in-depth analysis of the virgin olive oil market in Greece.
This report provides an in-depth analysis of the olive oil market in Greece.
This report provides an in-depth analysis of the refined olive oil market in Greece.
This report provides an in-depth analysis of the global virgin olive oil market.
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