Prepared baking powders market in Greece

Earlier Report Observations

The market for prepared baking powders in Greece, measured in value, experienced significant growth from 2018 to 2024, rising from $16.3 million to $27.1 million. This overall expansion was marked by volatility, including a notable surge in the middle of the period.

Following a slight contraction to $15.8 million in 2019, the market value jumped sharply to $22.4 million in 2020. After a correction to $20.2 million in 2021, a period of steady growth resumed, with the market reaching $21.8 million in 2022, $25.4 million in 2023, and finally $27.1 million in 2024.

Production prepared baking powders in Greece

In value, 2017-2020, K $ US

In Greece, the output value of prepared baking powders reached 22 398 thousand US dollars in 2020, marking a 43.0% increase compared to the previous year. Looking at the period from 2017 to 2020, production grew by 50%, which translates to an average annual growth rate of 14.5%. The most significant drop occurred in 2019, with a decline of 3.4%.

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

In kind, 2017-2020, t

Greece's production of prepared baking powders rose for the third year in a row. In 2020, the country produced 11 117 tonnes, a substantial 73.5% jump from the year before. Over the 2017-2020 span, production expanded by 77.3%, with a compound annual growth rate of 21.0%.

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

Exports prepared baking powders from Greece

Exports in kind, t

The market for prepared baking powders exports from Greece showed notable volatility during these years. In 2018, shipments hit their lowest point at 38.8 tonnes, with the largest decline that year at 25.9%. By 2020, exports surged to 83.2 tonnes, a sharp 96.8% increase year-over-year. The peak-to-trough amplitude from 2018 to 2020 was 2.1 times.

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

From 2017 to 2020, Bulgaria and Cyprus were the dominant markets for Greece's prepared baking powders exports in kind, together making up 83.2% of total flows, while other countries accounted for the remaining share.

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

Greece's prepared baking powders exports in value terms grew for the third consecutive year. In 2020, export volume reached 174.0 thousand US dollars, up by 122.0% compared to the previous year. Over the 2017-2020 period, exports increased by 133%, with a compound annual growth rate of 32.6%.

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

Between 2017 and 2020, Bulgaria, Cyprus, and Spain were the main markets for Greece's prepared baking powders exports in value terms. Bulgaria accounted for 43.6% of exports, Cyprus for 34.4%, and Spain for 7.3%, collectively representing 85.3% 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 prepared baking powders to Greece

Imports in kind, t

After two years of decline, Greece's imports of prepared baking powders in kind rebounded. In 2019, imports fell to their lowest point at 102.4 tonnes, following the largest decline in 2018 of 34.1%. By 2020, imports rose to 145.5 tonnes, a steep 42.1% increase from the previous year. Overall, from 2017 to 2020, imports decreased by 6.9%, equating to an average annual decline of 2.3%.

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

From 2017 to 2020, Germany, Sweden, and Denmark were the leading suppliers of prepared baking powders to Greece in kind. Germany held 69.2% of imports, Sweden 8.1%, and Denmark 7.0%, together accounting for 84.3% of total imports.

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

Greece's imports of prepared baking powders in value terms increased for the second year in a row. In 2018, imports dropped to their minimum of 188.3 thousand US dollars, with the largest decline that year at 34.8%. By 2020, import volume climbed to 218.7 thousand US dollars, a 10.3% gain compared to the previous year. Over the 2017-2020 period, imports decreased by 24.2%, with a compound annual decline rate of 8.8%.

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

During 2017-2020, Germany, Sweden, and Italy were the principal sources for Greece's prepared baking powders imports in value terms. Germany represented 66.0% of imports, Sweden 8.9%, and Italy 5.0%, jointly making up 79.9% 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