Treenuts market in Greece

Earlier Report Observations

The Greek treenuts market displayed notable volatility between 2018 and 2023, fundamentally shaped by a sustained consumer shift towards healthy eating and plant-based diets, which bolstered demand across the period. This trend was amplified by the entry of new artisanal producers and processing companies that introduced innovative products and packaging, expanding market offerings.

Production contracted in 2019 due to challenges from the climate crisis and high production costs, reducing overall market volume. A strong recovery followed in 2020, driven by increased demand for nutritious snacks during the COVID-19 pandemic, and growth continued through 2021 and 2022 supported by the development of new cultivation varieties and enhanced domestic processing capacity. However, adverse weather conditions including droughts and frosts constrained output in 2022, contributing to a production decline in 2023.

Regulatory changes also played a role, with stricter food safety controls for aflatoxins and mandatory allergen labeling introduced during these years, reinforcing market standards and consumer trust amidst the evolving demand landscape.

Production treenuts in Greece

In kind, 2017-2020, K t

Greece was among the world's leading producers of treenuts from 2017 to 2020, ranking 26th globally by production volume.

Top producers of treenuts, 2017-2020

World map of production of treenuts, 2017-2020

After two years of decline, Greece's treenuts production volume increased in 2020. That year, 109.7 K t of treenuts were produced in Greece, reflecting a solid year-over-year increase of 18.6%. Over the 2017-2020 period, production decreased by 9.6%, with a compound annual growth rate of 3.3%. The lowest production level was recorded in 2019 at 92.5 K t, while the largest decline occurred in 2018 at 16.6%.

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

In value, 2017-2020, M $ US

Following a two-year drop, Greece's treenuts production value increased in 2020. The output of treenuts was valued at 509.8 M $ US in Greece that year, corresponding to a robust 16.3% increase compared to the previous year. Over the 2017-2020 period, production value decreased by 17.5%, with a compound annual growth rate of 6.2%. The minimum value was recorded in 2019 at 438.2 M $ US, and the largest decline occurred in 2019 at 22.1%.

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

Exports treenuts from Greece

Exports in kind, t

Greece's volume of treenuts exports increased for the second consecutive year in 2020. Exports amounted to 10 444 t, marking a slight increase of 2.2% relative to the prior year. The lowest export volume was recorded in 2018 at 10 110 t, with the largest decline also occurring in 2018 at 2.4%.

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

From 2017 to 2020, Italy (38.9% of exports in kind), Bulgaria (12.0% of exports in kind), and Cyprus (10.8% of exports in kind) played the leading roles in Greece's treenuts exports, jointly accounting for 61.7% 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, M $ US

In 2020, cross-border shipments of treenuts from Greece amounted to 48.5 M $ US, reflecting negligible variation compared to the previous year. Over the 2017-2020 period, exports decreased by 7.9%, with a compound annual growth rate of 2.7%. The minimum value was recorded in 2019 at 48.4 M $ US, while the maximum value occurred in 2018 at 56.2 M $ US. The largest decline was in 2019 at 13.9%, and the largest increase was in 2018 at 6.6%.

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

From 2017 to 2020, Italy (30.9% of exports in value terms), Cyprus (15.1% of exports in value terms), and Bulgaria (12.1% of exports in value terms) were the largest buyers of treenuts from Greece, together forming 58.1% of total exports in value terms.

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

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

Imports treenuts to Greece

Imports in kind, t

After a two-year rise, treenuts shipments to Greece from abroad declined in 2020. Greece imported 19 567 t of treenuts that year, marking a controlled fall of 5.2% compared to the previous year. Over the 2017-2020 period, imports increased by 8.9%, with a compound annual growth rate of 2.9%. The maximum import volume was recorded in 2019 at 20 633 t, and the largest increase occurred in 2018 at 7.9%.

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

From 2017 to 2020, imports in kind of treenuts to Greece were not heavily concentrated. The United States (27.5% of imports in kind), Spain (11.0% of imports in kind), and Ukraine (10.7% of imports in kind) together captured only 49.2% 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, M $ US

After a two-year gain, imported treenuts volumes to Greece declined in 2020. Greece imported 119.8 M $ US of treenuts that year, equivalent to a moderate loss of 5.3% year-over-year. The maximum value was recorded in 2019 at 126.5 M $ US, and the largest increase occurred in 2019 at 3.5%.

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

The structure of imports in value terms from 2017 to 2020 can be described as diversified. The United States (25.9% of imports in value terms), Spain (11.7% of imports in value terms), and Ukraine (10.4% of imports in value terms) together accounted for just 48.1% of total flows, with no country holding a clearly dominant position.

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

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