Grape must market in Greece, 2026

Earlier Report Observations

The Greek grape must market contracted sharply between 2018 and 2020, with physical volume falling from 6 187 тыс. л to 3 306 тыс. л and market value dropping from 6.8 million USD to 5.0 million USD. This decline was driven by a reduction in domestic production, which fell by over 28%, and a simultaneous drop in import volumes by nearly 59%.

After 2020, import volumes continued to decline, reaching a low of 997 тыс. л in 2023 before recovering to 1 988 тыс. л in 2024. Exports surged temporarily in 2021 to 2 234 тыс. л, a level far exceeding previous years and significantly altering the trade balance.

In value terms, the import market bottomed out at 1.0 million USD in 2022, while export revenues peaked at 2.4 million USD in 2021. The later recovery in import value to 2.2 million USD in 2024 indicates a partial market adjustment.

Production grape must in Greece

In value, 2017-2020, K $ US

The data reveals irregular changes, indicating a volatile market environment. {context_3} reached their lowest point in 2017, then peaked in 2018, showing a 4.7-fold difference between these years. In 2020, the output of grape must in Greece was valued at 3 023 K $ US, down by 7.9% compared to the previous year. The maximum value was recorded in 2018 at 4 589 K $ US. The largest decline occurred in 2019, falling by 28.5%, while the largest increase was in 2018, rising by 369.9%.

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

In kind, 2017-2020, K l

Volatility characterized the market behavior during these years. The period saw a trough in 2017 and a peak in 2018, with a 4.5-fold amplitude. In 2020, 1 503 K l of grape must were produced in Greece, down by 3.7% from 2019. The maximum value was recorded in 2018 at 2 101 K l. The largest decline occurred in 2019, dropping by 25.7%, while the largest increase was in 2018, rising by 353.2%.

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

Exports grape must from Greece

Exports in kind, K l

Greece's grape must exports declined for the third consecutive year. In 2020, Greece exported 101 K l of grape must, marking a significant loss of 10.9% compared to the previous year. Over the period from 2017 to 2020, exports decreased by 82.2%, with a compound annual growth rate (CAGR) of 43.7%.

Annual dynamics of product's exports from Greece in kind, 2017-2020, K l

From 2017 to 2020, grape must exports from Greece were largely oriented towards Italy, which accounted for 92.5% of total exports in kind.

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

The market exhibited an unstable trend throughout the timeframe. Import levels reached their low in 2019 and their high in 2018, fluctuating 5.3-fold between these years. In 2020, Greece exported 327 K $ US of grape must, marking an uptick of 29.1% year-over-year. The minimum value was recorded in 2019 at 253 K $ US, while the maximum was in 2018 at 1 349 K $ US. The largest decline occurred in 2019, falling by 81.2%, and the largest increase was in 2018, rising by 205.5%.

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

Throughout 2017 to 2020, the country structure of exports in value terms was dominated by Italy, which accounted for 83.1% of total flows, while other destinations remained relatively small.

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

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

Imports grape must to Greece

Imports in kind, K l

Greece's grape must import volume declined for the second consecutive year. In 2020, imports tallied 1 905 K l, constituting a drop of 54.2% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 45.6%, with a compound annual growth rate (CAGR) of 18.4%. The maximum value was recorded in 2018 at 4 624 K l, and the largest increase occurred in 2018, rising by 32.0%.

Annual dynamics of product's imports to Greece in kind, 2017-2020, K l

Throughout 2017 to 2020, Italy and Romania remained the primary suppliers of grape must to Greece, with a combined share of 86.1% of total imports in kind, while other countries formed the remainder.

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

There were noticeable fluctuations in market performance during the period. A 1.7-fold variation was observed between the minimum in 2017 and the maximum in 2018. In 2020, the volume of grape must imports to Greece amounted to 2 282 K $ US, down by 9.3% over the past year. The maximum value was recorded in 2018 at 3 605 K $ US. The largest decline occurred in 2019, falling by 30.2%, while the largest increase was in 2018, rising by 73.9%.

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

Over 2017 to 2020, Italy and Spain were the main directions for imports in value terms, jointly taking 87.6% of total flows, while the residual share was split among other markets.

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

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