Cotton seeds market in Greece

Earlier Report Observations

The market volume for cotton seeds in Greece showed significant volatility between 2018 and 2023. It rose from 326.2 thousand tons in 2018 to a peak of 367.5 thousand tons in 2019, then contracted sharply to 222.2 thousand tons in 2020.

A strong rebound followed in 2021, with volume reaching 329.2 thousand tons, nearly matching the 2018 level. However, this upward movement reversed over the next two years, declining to 253.9 thousand tons in 2022 and falling further to 176.0 thousand tons in 2023.

Domestic production varied from 360.0 to 600.0 thousand tons during the period, while export volumes fluctuated between 155.5 and 279.8 thousand tons. Imports remained minimal, never exceeding 3.3 thousand tons in any year.

Production cotton seeds in Greece

In kind, 2017-2020, K t

Between 2017 and 2020, Greece ranked 10th globally in cotton seeds production.

Top producers of cotton seeds, 2017-2020

World map of production of cotton seeds, 2017-2020

Greece's cotton seeds production saw a two-year increase before declining. In 2020, output reached 500 K t, marking a significant year-on-year contraction of 16.7%. Over the 2017-2020 period, production grew by 31.6%, with a compound annual growth rate of 9.6%. The highest production level was recorded in 2019 at 600 K t, while the largest annual increase occurred in 2018 at 26.3%.

Annual dynamics of production in Greece in kind, 2017-2020, K t

In value, 2017-2020, M $ US

Cotton seeds production in Greece declined for the second consecutive year. In 2020, the output was valued at 127.6 M $ US, showing an 18.4% decrease compared to the previous year. Over the 2017-2020 period, production value fell by 4.9%, with a compound annual growth rate of 1.7%. The peak value was recorded in 2018 at 163.1 M $ US, which also saw the largest annual increase of 21.5%.

Annual dynamics of production in Greece in value, 2017-2020, M $ US

Exports cotton seeds from Greece

Exports in kind, K t

Cotton seeds exports from Greece increased for the third consecutive year. In 2020, exports reached 279.8 K t, representing a robust 18.7% rise compared to 2019. Over the 2017-2020 period, exports grew by 104.3%, with a compound annual growth rate of 26.9%.

Annual dynamics of product's exports from Greece in kind, 2017-2020, K t

From 2017 to 2020, Italy, Saudi Arabia, and Spain were the top buyers of Greek cotton seeds in volume terms. Italy accounted for 61.8% of exports, Saudi Arabia for 15.0%, and Spain for 6.9%. Together, these three countries represented 83.6% of Greece's total cotton seeds exports by volume.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Greece in kind, 2017-2020

Exports in value, K $ US

Cotton seeds shipments from Greece increased for the third consecutive year. In 2020, exports stood at 71 416 K $ US, showing a 16.2% rise compared to 2019. Over the 2017-2020 period, export value grew by 47.7%, with a compound annual growth rate of 13.9%.

Annual dynamics of product's exports from Greece in value, 2017-2020, K $ US

Between 2017 and 2020, Italy, Saudi Arabia, and Spain were the main markets for Greek cotton seeds in value terms. Italy accounted for 64.7% of export value, Saudi Arabia for 13.7%, and Spain for 6.9%. Collectively, these three countries represented 85.4% of Greece's total cotton seeds export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Greece in value, 2017-2020

Imports cotton seeds to Greece

Imports in kind, K t

Cotton seeds imports into Greece showed volatility during this period. In 2020, imports totaled 2.0 K t, which was 40.0% lower than the previous year. The lowest import volume was recorded in 2018 at 1.7 K t, while the highest was in 2019 at 3.3 K t, representing a 1.9-fold difference between these years. The largest annual decline occurred in 2018 at 46.3%, and the largest increase was in 2019 at 89.1%.

Annual dynamics of product's imports to Greece in kind, 2017-2020, K t

From 2017 to 2020, Spain, Bulgaria, and Italy were the primary sources of cotton seeds imports into Greece by volume. Spain accounted for 61.0% of imports, Bulgaria for 14.7%, and Italy for 9.0%. Together, these three countries comprised 84.7% of Greece's total cotton seeds imports by volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Greece in kind, 2017-2020

Imports in value, K $ US

Cotton seeds imports into Greece declined for the third consecutive year. In 2020, imports totaled 2 939 K $ US, which was 24.3% lower than in 2019. Between 2017 and 2020, import value decreased by 41.2%, equating to an annualized decline of 16.2%.

Annual dynamics of product's imports to Greece in value, 2017-2020, K $ US

Throughout 2017-2020, Spain, Israel, and Bulgaria played leading roles in cotton seeds imports into Greece by value. Spain accounted for 69.9% of import value, Israel for 9.9%, and Bulgaria for 7.8%. Jointly, these three countries represented 87.6% of Greece's total cotton seeds import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Greece in value, 2017-2020