Market research

Maize starch market in Greece

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

From 2018 to 2020, the Greek maize starch market faced pressure from cheap maize imports, primarily from Balkan countries, which undermined the competitiveness of local production. High maize production costs and economic difficulties for growers led to a reduction in maize cultivation areas, as reported during these years, setting a challenging environment for the starch industry.

In 2021 and 2022, interest in maize cultivation increased due to more attractive economic returns compared to other crops. However, international maize price volatility and drought in regions like Kastoria constrained output. The reduction in maize supplies from Ukraine and increased Bulgarian offerings in 2O22 impacted trade flows, contributing to a sharp rise in imports and driving the market size to a peak of 16.6 million USD in 2022. That same year, the Agricultural Cooperative of Volos – EBOL initiated organized maize collection, indicating a strengthening market structure for raw materials.

Following the 2022 peak, the maize starch market size declined to 12.6 million USD in 2023 before a partial recovery to 13.6 million USD in 2024. Domestic starch production continued its downward trend, falling to 1.6 million USD in 2024.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2021-2024
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2021-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Greece
  1. 5.1.1. In kind, 2018-2024, t
  2. 5.1.2. In value, 2021-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, t
  2. 5.2.2. In value, 2018-2024, K $ US
3. 5.3. Global production by Country, 2018-2023
  1. 5.3.1. Global Production by Country in kind
    1. 5.3.1.1. Annual dynamics of production by country in kind, 2018-2023, t
    2. 5.3.1.2. Structure of production by countries in kind, 2018-2023
    3. 5.3.1.3. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Greece in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Greece by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Greece in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Greece by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Greece, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Greece by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Greece in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Greece by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Greece in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Greece by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Greece, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Greece by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Greece in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Greece by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Greece in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Greece by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Greece, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Greece by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Greece in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Greece by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Greece in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Greece by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Greece, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Greece by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production maize starch in Greece

In kind, 2017-2020, K t

From 2017 to 2020, Greece held the 30th position globally in maize starch production.

Top producers of maize starch, 2017-2020

Source: SHEV.io

World map of production of maize starch, 2017-2020

Source: SHEV.io

In 2020, Greece produced 72.5 K t of maize starch, marking a 7.9% decrease from the previous year. Over the 2017-2020 period, production fell by 14.3%, with a compound annual growth rate of 5.0%. The highest increase occurred in 2019, at 0.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(7.2%)	0.3%	(7.9%)	(5.0%)

Source: SHEV.io

Exports maize starch from Greece

Exports in kind, t

Following two years of growth, maize starch exports from Greece dropped. In 2020, Greece exported 230 t of maize starch, a sharp decline of 43.2% compared to 2019. Between 2017 and 2020, exports rose by 16.8%, translating to an annualized rate of 5.3%. The peak volume was recorded in 2019 at 404 t, while the largest increase happened in 2018, at 68.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	68.3%	22.2%	(43.2%)	5.3%

Source: SHEV.io

During 2017-2020, Cyprus and Turkey together accounted for 83.5% of Greece's total maize starch exports by volume, with the remainder distributed among smaller markets.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

After two years of growth, Greece's maize starch export value declined. In 2020, exports totaled 188 K $ US, down 26.8% from the previous year. Over the 2017-2020 period, export value increased by 42.5%, with a compound annual growth rate of 12.5%. The highest value was recorded in 2019 at 257 K $ US, and the largest increase occurred in 2018, at 63.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	63.8%	18.9%	(26.8%)	12.5%

Source: SHEV.io

From 2017 to 2020, Cyprus (54.1% of export value), Turkey (25.6% of export value), and Bulgaria (15.4% of export value) were the main markets for Greece's maize starch exports by value, collectively representing 95.1% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports maize starch to Greece

Imports in kind, t

In 2020, Greece imported 19 866 t of maize starch, a 7.9% increase from 2019. Between 2017 and 2020, imports grew by 22.4%, equating to an annualized rate of 7.0%. The largest decrease was in 2019 at 2.9%, while the largest increase was in 2018 at 16.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	16.8%	(2.9%)	7.9%	7.0%

Source: SHEV.io

Over 2017-2020, Bulgaria (53.7% of import volume), Romania (13.9% of import volume), and Serbia (13.3% of import volume) were the primary suppliers of maize starch to Greece, jointly making up 80.9% of total imports by volume.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

In 2020, Greece's maize starch imports amounted to 8 815 K $ US, a 7.0% rise compared to 2019. Between 2017 and 2020, import value increased by 28.4%, with an annualized rate of 8.7%. The largest decline was in 2019 at 1.7%, and the largest increase was in 2018 at 22.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	22.0%	(1.7%)	7.0%	8.7%

Source: SHEV.io

From 2017 to 2020, Bulgaria (46.3% of import value), Romania (14.0% of import value), and Serbia (12.7% of import value) were the key suppliers of maize starch to Greece by value, accounting for 73.0% of total imports.

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

Source: SHEV.io

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

Source: SHEV.io