Maize bran, sharps and residues market in Greece

Earlier Report Observations

The market volume for maize bran, sharps and residues in Greece expanded from 24 120 t in 2018 to 29 975 t in 2024, with a significant surge to 30 640 t in 2023. This growth was primarily supported by a sharp increase in imports, which rose from 8 742 t in 2022 to 15 699 t in 2024.

Domestic production fluctuated during the period, reaching a high of 16 355 t in 2022 before declining to 14 326 t in 2024. In value terms, the market grew from 16.1 million USD in 2022 to 18.0 million USD in 2023, then settled at 16.2 million USD in 2024.

Production maize bran, sharps and residues in Greece

In kind, 2017-2020, K t

Top producers of maize bran, sharps and residues, 2017-2020

World map of production of maize bran, sharps and residues, 2017-2020

Greece's production of maize bran, sharps, and residues has declined for the third year in a row. In 2020, the country produced 13.3 K t, which represents a modest decrease of 9.6% compared to 2019. Looking at the period from 2017 to 2020, overall production fell by 14.5%, with an average annual decline of 5.1%.

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

Exports maize bran, sharps and residues from Greece

Exports in kind, t

Market performance showed significant fluctuations during this period. Exports reached their lowest point in 2018 at just 1 t, while the peak occurred in 2017, creating a 112-fold difference between these years. In 2020, Greece exported 53 t of maize bran, sharps, and residues, marking a sharp increase of 785.7% from 2019. The largest decline was recorded in 2018 at 99.1%.

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

From 2017 to 2020, Albania and Bulgaria were the two main markets, together accounting for 92.5% of total exports in volume. The remaining share was distributed among various other countries.

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

Market performance exhibited notable fluctuations during this time. Export values hit their lowest in 2018 at 1 K $ US, while peaking in 2017, with a top-to-bottom ratio of 13.1 times. In 2020, foreign supplies of maize bran, sharps, and residues from Greece amounted to 12 K $ US, showing a gain of 127.7% compared to 2019. The largest decline was recorded in 2018 at 92.3%, and the largest increase occurred in 2019 at 390.0%.

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

Between 2017 and 2020, the leading destinations for Greece's exports of maize bran, sharps, and residues in value terms were Albania with 39.7%, Bulgaria with 25.2%, and Romania with 22.4%. Together, these three countries accounted for 87.3% of total export flows.

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

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

Imports maize bran, sharps and residues to Greece

Imports in kind, t

Imports of maize bran, sharps, and residues into Greece have increased for the second consecutive year. In 2020, imports totaled 11 120 t, reflecting a strong year-on-year uptick of 12.0%. Over the period from 2017 to 2020, imports grew by 15.7%, with an average annual growth rate of 5.0%. The lowest volume was recorded in 2018 at 9 359 t, with the largest decline that year at 2.6%.

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

From 2017 to 2020, Bulgaria was the dominant supplier for Greece's imports of maize bran, sharps, and residues in volume, holding a 74.8% share of total flows. The rest was spread across other trading partners.

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's imports of maize bran, sharps, and residues totaled 2 664 K $ US, indicating a moderate reduction of 3.4% compared to 2019. Between 2017 and 2020, imports decreased by 17.2%, equating to an annualized decline of 6.1%. The lowest value was recorded in 2018 at 2 618 K $ US, with the largest decline that year at 18.7% and the largest increase in 2019 at 5.3%.

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

Over the 2017–2020 period, the primary suppliers of maize bran, sharps, and residues to Greece in value terms were Bulgaria with 51.1%, Italy with 28.9%, and Romania with 16.5%. Collectively, these three countries accounted for 96.5% of total 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