Sauces, mixed condiments and seasonings market in Greece

Earlier Report Observations

Between 2018 and 2019, the market for sauces, mixed condiments and seasonings in Greece expanded, with physical volume rising from 28 870 t to 31 380 t. This growth was supported by investments in production capacity, notably from the significant player Provil which expanded its facilities and developed new spice mixes for traditional Greek dishes. Concurrently, increased product variety focusing on authentic, natural ingredients and a stronger presence of Greek brands catered to growing consumer demand for organic and traditional options.

Market volume declined to 29 855 t in 2020. During this period, the market saw a rise in international flavors, such as Asian sauces, and a shift toward online sales platforms. In the following years, industry focus remained on natural and organic products, with an expanding range addressing specific dietary needs like vegan and gluten-free options, continuing the trend of innovation and collaboration between producers and food companies.

Production sauces, mixed condiments and seasonings in Greece

In value, 2017-2020, K $ US

Production of sauces, mixed condiments, and seasonings in Greece has increased for the third consecutive year. In 2020, the output was valued at 67 402 thousand US dollars, showing a slight increase of 3.0% compared to the previous year. From 2017 to 2020, production grew by 57.9%, with an annual growth rate of 16.4%.

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

In kind, 2017-2020, t

The production volume of sauces, mixed condiments, and seasonings in Greece has risen for the third year in a row. In 2020, Greece produced 24 979 tonnes, indicating a slight increase of 1.7% over the past year. Between 2017 and 2020, production increased by 56.2%, equating to an annualized rate of 16.0%.

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

Exports sauces, mixed condiments and seasonings from Greece

Exports in kind, t

Cross-border shipments of sauces, mixed condiments, and seasonings from Greece have increased for the third consecutive year. In 2020, exports reached 5 234 tonnes, marking a substantial increase of 11.7% compared to 2019. From 2017 to 2020, exports grew by 53%, with an annualized rate of 15.2%.

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

From 2017 to 2020, the United Kingdom, Germany, and Cyprus were the main markets for Greece's exports of sauces, mixed condiments, and seasonings in volume terms. The United Kingdom accounted for 23.4% of exports, Germany for 16.5%, and Cyprus for 13.6%, together representing 53.5% 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

Exports of sauces, mixed condiments, and seasonings from Greece have increased for the third consecutive year. In 2020, Greece exported 14 682 thousand US dollars worth of these products, reflecting a significant advance of 20.7% versus the previous year. Between 2017 and 2020, exports increased by 71.2%, equating to an annualized rate of 19.6%.

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

From 2017 to 2020, three main markets—Germany, Cyprus, and the United States—together absorbed 51.5% of the total export value of sauces, mixed condiments, and seasonings from Greece.

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

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

Imports sauces, mixed condiments and seasonings to Greece

Imports in kind, t

After a two-year increase, imports of sauces, mixed condiments, and seasonings into Greece declined. In 2020, Greece imported 10 110 tonnes, down by 12.1% year-on-year. Between 2017 and 2020, imports increased by 8.3%, with an annualized rate of 2.7%. The highest volume was recorded in 2019 at 11 498 tonnes, while the largest increase occurred in 2018 at 17.5%.

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

Over the period 2017–2020, Belgium, Germany, and the Netherlands were the primary sources for Greece's imports of sauces, mixed condiments, and seasonings in volume terms. Belgium accounted for 19.3% of imports, Germany for 18.7%, and the Netherlands for 15.2%, together making up 53.2% 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

Following a two-year rise, the value of sauces, mixed condiments, and seasonings imports into Greece declined. In 2020, imports totaled 26 904 thousand US dollars, representing a robust contraction of 10.5% compared to the previous year. From 2017 to 2020, imports increased by 7.9%, with an annual growth rate of 2.6%. The peak value was recorded in 2019 at 30 054 thousand US dollars, and the largest increase was in 2018 at 17.2%.

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

Throughout 2017–2020, Germany, the Netherlands, and Belgium were the largest markets for Greece's imports of sauces, mixed condiments, and seasonings in value terms, together accounting for 50.6% 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