Prepared driers market in Greece

Earlier Report Observations

The market volume for prepared driers in Greece expanded significantly from 2018 to 2024, rising from 294 metric tons to 720 metric tons. This overall growth was marked by volatility, with a sharp drop in 2020 followed by a strong recovery that accelerated in the final years of the period.

A major shift in supply structure underpinned this trend. Domestic production entered a sustained decline after 2021, falling from 780 metric tons to 381 metric tons by 2024. This contraction was overwhelmingly offset by a surge in imports, which more than doubled from 182 metric tons in 2022 to 513 metric tons in 2024. Simultaneously, a steep fall in exports over the period increased the net supply available within Greece.

In value terms, the market's worth approximately doubled from 1.1 million USD to 2.1 million USD, suggesting the volume increase was accompanied by shifts in product composition or average prices. The data illustrates a growing dependence on imported prepared driers as local production capacity receded.

Production prepared driers in Greece

In value, 2017-2020, K $ US

Greece's production of prepared driers has grown for the third consecutive year. In 2020, the output was valued at 2 575 K $ US, showing a slight increase of 1.4% compared to the previous year. Over the period from 2017 to 2020, production rose by 37.3%, with an average annual growth rate of 11.2%.

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

In kind, 2017-2020, t

In 2020, Greece produced 772.7 tonnes of prepared driers, a small decrease of 0.6% from the previous year. Between 2017 and 2020, production increased by 13.8%, translating to an annualized rate of 4.4%. The lowest production volume was recorded in 2018 at 533.5 tonnes, while the highest was in 2019 at 777.5 tonnes. The largest decline occurred in 2018, with a drop of 21.4%, and the largest increase was in 2019, with a rise of 45.7%.

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

Exports prepared driers from Greece

Exports in kind, t

Greece's exports of prepared driers have increased for the second consecutive year. In 2020, exports totaled 691.5 tonnes, reflecting a strong advance of 13.3% compared to the previous year. Over the period from 2017 to 2020, exports grew by 35.9%, with an average annual growth rate of 10.8%. The lowest export volume was recorded in 2018 at 376.5 tonnes. The largest decline occurred in 2018, with a drop of 26.0%, and the largest increase was in 2019, with a rise of 62.1%.

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

From 2017 to 2020, Turkey, Romania, and Bulgaria were the primary buyers of prepared driers from Greece. Turkey accounted for 34.0% of exports in kind, Romania for 21.5%, and Bulgaria for 12.2%. Together, these three countries represented 67.7% of 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

In 2020, Greece exported prepared driers valued at 1 980 K $ US, remaining broadly stable compared to the previous year. Over the period from 2017 to 2020, exports increased by 39.1%, with an average annual growth rate of 11.6%. The lowest value was recorded in 2018 at 1 402 K $ US, while the highest was in 2019 at 1 991 K $ US. The largest decline occurred in 2018, with a drop of 1.6%, and the largest increase was in 2019, with a rise of 42.0%.

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

Between 2017 and 2020, Turkey, Romania, and Bulgaria formed the main cluster of markets for Greece's prepared driers exports in value terms. Turkey accounted for 31.2% of exports in value, Romania for 20.9%, and Bulgaria for 14.0%. Collectively, these three countries made up 66.1% 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 prepared driers to Greece

Imports in kind, t

Greece's imports of prepared driers have risen for the third consecutive year. In 2020, imports totaled 181.4 tonnes, which is 12.8% higher than the previous year. Between 2017 and 2020, imports increased by 124.8%, equating to an annualized growth rate of 31.0%.

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

From 2017 to 2020, the United Kingdom remained the dominant source for Greece's imports of prepared driers in kind, holding a share of 72.4% of total flows. The remainder was fragmented across other markets.

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 driers have increased for the third consecutive year. In 2020, imports amounted to 614 K $ US, which is 27.8% greater compared to the previous year. Over the period from 2017 to 2020, imports grew by 139.1%, with an average annual growth rate of 33.7%.

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

Between 2017 and 2020, the United Kingdom, Belgium, and Spain were the principal sources for Greece's imports of prepared driers in value terms. The United Kingdom accounted for 59.8% of imports in value, Belgium for 12.5%, and Spain for 12.0%. Together, these three countries represented 84.3% of total import flows.

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

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