PK fertilizers market in Greece

Earlier Report Observations

Between 2018 and 2020, the Greek PK fertilizers market volume grew from 23.0 thousand t to 26.8 thousand t in 2019, then eased to 25.8 thousand t in 2020. The 2019 expansion was supported by new state funding for fertilizer production under Actions 4.2.1/4.2.2, which boosted domestic output. The following year saw the introduction of Law 4685/2020, integrating stricter EU environmental and licensing rules for fertilizer trade and storage, which coincided with the market's slight contraction.

From 2021 onward, state subsidy schemes became a primary market driver. A 15% subsidy on fertilizer purchases was launched to stimulate post-COVID-19 consumption, contributing to a sharp rise in imports to 2.7 thousand t in 2021. In 2022, the Russian‑Ukrainian conflict triggered a 70% price surge for urea and restricted imports of nitrogen fertilizers, pulling imports down to 1.1 thousand t despite offsetting subsidies of 10.95%. Continued support mechanisms, including the Fuel Pass system returning 15% to farmers, alongside falling natural gas prices that lowered fertilizer costs, maintained imports at 1.8‑1.9 thousand t in 2023‑2024.

Production PK fertilizers in Greece

In value, 2017-2020, K $ US

The market exhibited significant volatility during this period. Production reached its lowest point in 2017 and peaked in 2019, with a fivefold difference between these years. In 2020, the output of PK fertilizers in Greece was valued at 14 626 K $ US, representing a slight decline of 0.8% compared to 2019. The maximum value was recorded in 2019 at 14 747 K $ US, while the largest increase occurred in 2018 with a growth of 349.6%.

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

In kind, 2017-2020, t

Market performance showed noticeable fluctuations throughout the period. Production volume reached its lowest point in 2017 and peaked in 2019, reflecting a 3.6-fold gap between these years. In 2020, Greece produced 25 515 t of PK fertilizers, marking a small year-over-year loss of 2.8%. The maximum volume was recorded in 2019 at 26 258 t, while the largest increase occurred in 2018 with growth of 205.3%.

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

Exports PK fertilizers from Greece

Exports in kind, t

The market demonstrated considerable volatility during these years. Export levels reached their lowest point in 2018 and peaked in 2020, with a 9.8-fold difference between these periods. In 2020, shipments of PK fertilizers from Greece to abroad amounted to 638 t, reflecting a sharp increase of 85.5% compared to 2019. The minimum value was recorded in 2018 at 65 t, while the largest decline occurred that same year at 69.4%. The largest increase was recorded in 2019 with growth of 425.7%.

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

From 2017 to 2020, Romania (29.3% of exports in kind), Italy (17.7% of exports in kind), and Cyprus (15.8% of exports in kind) formed the core group of markets for exports in kind, together representing 62.8% of total flows.

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 showed signs of volatility over the observed period. Export values reached their lowest point in 2018 and peaked in 2020, with a 5.7-fold difference between these years. In 2020, exported PK fertilizers from Greece were valued at 599 K $ US, which is 42.0% greater than the previous year. The minimum value was recorded in 2018 at 104 K $ US, while the largest decline occurred that same year at 71.6%. The largest increase was recorded in 2019 with growth of 304.7%.

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

From 2017 to 2020, Bulgaria (21.4% of exports in value terms), South Korea (19.2% of exports in value terms), and Italy (14.9% of exports in value terms) made the biggest contribution to exports in value terms, jointly accounting for 55.5% of total 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 PK fertilizers to Greece

Imports in kind, t

Greece's PK fertilizers imports increased for the second consecutive year. The country imported approximately 877 t of PK fertilizers in 2020, up by 1.4% year-over-year. Between 2017 and 2020, imports decreased by 35.8%, equating to an annualized rate of 13.7%. The minimum value was recorded in 2018 at 658 t, while the largest decline occurred that same year at 51.9%. The largest increase was recorded in 2019 with growth of 31.6%.

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

From 2017 to 2020, Italy (27.9% of imports in kind), China (23.0% of imports in kind), and Israel (21.1% of imports in kind) remained the key directions for imports in kind, together accounting for 72.0% of total flows.

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

PK fertilizers imports in Greece increased for the second consecutive year. The country imported 1 534 K $ US of PK fertilizers in 2020, which is 24.4% elevated from a year earlier. Between 2017 and 2020, imports increased by 6.2%, equating to an annualized rate of 2.0%. The minimum value was recorded in 2018 at 947 K $ US, while the largest decline occurred that same year at 34.4%. The largest increase was recorded in 2019 with growth of 30.1%.

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

From 2017 to 2020, Israel (24.6% of imports in value terms), China (18.6% of imports in value terms), and Italy (15.3% of imports in value terms) remained the key directions for imports in value terms, together accounting for 58.5% of total flows.

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

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