In-shell almonds market in Greece

Earlier Report Observations

The Greek market for in-shell almonds experienced significant fluctuations between 2018 and 2023. Starting at 26 978 metric tons in 2018, market volume contracted to 22 114 t in 2019, then recovered to 28 495 t in 2020. After a slight dip to 27 018 t in 2021, the market surged dramatically to 39 811 t in 2022, marking the highest point in the period, before declining to 36 789 t in 2023.

The 47% growth in market volume during 2022 was primarily driven by a substantial increase in domestic production, which reached 39 680 t that year. The correction in 2023 brought the market to a level still well above the pre-2022 average. Throughout the period, foreign trade played a negligible role, with annual imports remaining below 300 t and exports under 120 t, indicating that domestic output was the dominant factor in market size movements.

Production in-shell almonds in Greece

In kind, 2017-2020, t

Between 2017 and 2020, Greece ranked 15th globally in the production of in-shell almonds.

Top producers of in-shell almonds, 2017-2020

World map of production of in-shell almonds, 2017-2020

After two years of decline, Greece's production of in-shell almonds increased in 2020, reaching 28 240 tonnes. This marked a 28.7% rise compared to the previous year. However, over the entire period from 2017 to 2020, production fell by 34.3%, averaging an annual decrease of 13.1%. The lowest production level was recorded in 2019 at 21 950 tonnes, with the sharpest drop occurring in 2018 at 37.9%.

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

Exports in-shell almonds from Greece

Exports in kind, t

The export market for in-shell almonds from Greece showed an unstable trend during this period. Exports reached their lowest point in 2018 at 35.5 tonnes and peaked in 2017, with a 4.3-fold difference between these years. In 2020, exports amounted to 43.1 tonnes, down 9.9% from 2019. The largest decline was recorded in 2018 at 76.8%, while the biggest increase occurred in 2019 at 34.7%.

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

From 2017 to 2020, the primary buyers of in-shell almonds from Greece were Cyprus, accounting for 38.1% of exports in kind, Italy with 32.7%, and Bulgaria at 10.4%. Together, these three countries represented 81.1% of Greece's 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

Exports of in-shell almonds from Greece in monetary terms declined for the third consecutive year. In 2020, exports reached 203 thousand US dollars, showing a significant year-on-year decrease of 19.8%. Over the 2017-2020 period, exports fell by 66.4%, with an average annual decline of 30.5%.

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

In terms of value from 2017 to 2020, Cyprus was the main destination for Greek in-shell almond exports, accounting for 47.4% of the total. Italy followed with 23.8%, and Romania with 9.6%. These three countries together made up 80.8% of the total 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 in-shell almonds to Greece

Imports in kind, t

After two years of decline, Greece's imports of in-shell almonds increased in 2020, totaling 298.5 tonnes. This represented a 40.9% rise compared to the previous year. However, over the 2017-2020 period, imports decreased by 9.5%, averaging an annual decline of 3.3%. The lowest import volume was recorded in 2019 at 211.9 tonnes, with the largest drop occurring that same year at 30.2%.

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

Between 2017 and 2020, Spain was the leading supplier of in-shell almonds to Greece, accounting for 46.7% of imports in kind. The United States followed with 31.1%, and Bulgaria with 8.3%. Together, these three countries supplied 86.1% of Greece's total imports in kind.

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

In 2020, Greece imported in-shell almonds worth 1 246 thousand US dollars, reflecting a 19.8% year-on-year increase. However, over the 2017-2020 period, imports decreased by 26.9%, with an average annual decline of 9.9%. The lowest value was recorded in 2019 at 1 041 thousand US dollars, while the highest was in 2018 at 1 939 thousand US dollars. The largest decline occurred in 2019 at 46.3%.

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

From 2017 to 2020, Spain and the United States dominated Greece's imports of in-shell almonds in value terms, together accounting for 84.1% of the total. The remaining share was distributed 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