Processed liquid milk market in Greece

Earlier Report Observations

From 2018 to 2020, the market for processed liquid milk in Greece contracted, with volume dropping from 520.7 thousand tons to 485.9 thousand tons and value falling from 474.2 million USD to 430.3 million USD. This reduction coincided with declining imports, which fell from 116.8 to 91.6 thousand tons over the same three years.

In the subsequent period through 2024, import volumes continued to decrease, reaching a low of 85.8 thousand tons in 2023 before rebounding to 107.3 thousand tons in 2024. Exports remained modest, fluctuating between 5.8 and 10.8 thousand tons annually throughout the 2018-2024 timeframe.

Production processed liquid milk in Greece

In value, 2017-2020, M $ US

Greece's processed liquid milk production value declined for the second consecutive year. In 2020, output was valued at 384.0 million US dollars, marking a slight decrease of 0.9% from the previous year. Over the period from 2017 to 2020, production fell by 3.3%, with an average annual decline of 1.1%. The highest value was recorded in 2018 at 414.7 million US dollars, which saw an increase of 4.4%. The largest decline occurred in 2019, with a drop of 6.5%.

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

In kind, 2017-2020, K t

Processed liquid milk production in Greece declined for the third consecutive year. In 2020, Greece produced 401.3 thousand tonnes, representing a controlled reduction of 3.2% compared to 2019. Between 2017 and 2020, production decreased by 3.6%, equating to an annualized decline of 1.2%.

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

Exports processed liquid milk from Greece

Exports in kind, K t

There were noticeable fluctuations in export volumes during the period. The lowest exports were recorded in 2017, while the highest were reached in 2018, reflecting a 1.8-fold gap. In 2020, Greece exported 7.0 thousand tonnes of processed liquid milk, showing a moderate drop of 8.4% from the previous year. The maximum volume was recorded in 2018 at 10.8 thousand tonnes, which saw a significant increase of 76.8%. The largest decline occurred in 2019, with a drop of 29.3%.

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

From 2017 to 2020, Cyprus, Bulgaria, and Germany formed the core of Greece's processed liquid milk exports by volume. Cyprus accounted for 29.7% of exports, Bulgaria for 22.1%, and Germany for 17.6%, together representing 69.4% of total export 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 value of processed liquid milk exports from Greece declined for the second consecutive year. In 2020, exports reached 7 636 thousand US dollars, showing a decline of 4.6% compared to 2019. Between 2017 and 2020, exports increased by 4.7%, equating to an annualized growth rate of 1.5%. The highest value was recorded in 2018 at 11 641 thousand US dollars, which saw an increase of 59.6%. The largest decline occurred in 2019, with a drop of 31.3%.

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

From 2017 to 2020, the United Kingdom, Germany, and Cyprus were the largest buyers of processed liquid milk from Greece by value. The United Kingdom accounted for 23.6% of exports, Germany for 19.5%, and Cyprus for 19.2%, together forming 62.2% of total export value.

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

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

Imports processed liquid milk to Greece

Imports in kind, K t

Greece's processed liquid milk import volume declined for the second consecutive year. In 2020, imports amounted to 91.6 thousand tonnes, indicating a strong drop of 10.9% versus the previous year. Over the period from 2017 to 2020, imports decreased by 19.6%, with an average annual decline of 7.0%. The highest volume was recorded in 2018 at 116.8 thousand tonnes, which saw a slight increase of 2.5%. The largest decline occurred in 2019, with a drop of 11.9%.

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

From 2017 to 2020, Germany, Slovenia, and Romania were the principal sources for Greece's processed liquid milk imports by volume. Germany accounted for 23.1% of imports, Slovenia for 16.4%, and Romania for 15.7%, jointly accounting for 55.3% of total import 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

The value of processed liquid milk imports into Greece declined for the third consecutive year. In 2020, imports were recorded at 54 013 thousand US dollars, amounting to a modest decrease of 9.9% compared to the previous year. Between 2017 and 2020, imports decreased by 25.5%, equating to an annualized decline of 9.3%.

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

From 2017 to 2020, Germany, Romania, and Slovenia accounted for the largest share of Greece's processed liquid milk imports by value. Germany represented 24.9% of imports, Romania 16.7%, and Slovenia 14.1%, together comprising 55.7% 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