Wheat and meslin flour and cereals market in Greece

Earlier Report Observations

After a stable start in 2018 at 964 thousand tons, the Greek market for wheat and meslin flour and cereals experienced a substantial contraction in 2019, falling to 858.5 thousand tons.

Subsequent years saw a consistent recovery, with volume growing steadily from 2020 to 2023. The market regained its 2018 level by 2022 and continued to climb, reaching a period high of 983 thousand tons in 2023.

Production wheat and meslin flour and cereals in Greece

In kind, 2017-2020, K t

Top producers of wheat and meslin flour and cereals, 2017-2020

World map of production of wheat and meslin flour and cereals, 2017-2020

Wheat and meslin flour and cereals production in Greece has declined for the third consecutive year. In 2020, Greece produced 865 K t of these products, marking a 0.8% decrease from 2019. Between 2017 and 2020, production fell by 20%, which translates to an annualized decline of 7.2%.

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

Exports wheat and meslin flour and cereals from Greece

Exports in kind, t

Foreign supplies of wheat and meslin flour and cereals from Greece have increased for the third year in a row. In 2020, Greece exported 39 293 t of these goods, showing a slight year-over-year rise of 2.4%. From 2017 to 2020, exports grew by 33.7%, with a compound annual growth rate (CAGR) of 10.2%.

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

From 2017 to 2020, Bulgaria, Albania, and Cyprus remained the top buyers of wheat and meslin flour and cereals from Greece. Bulgaria accounted for 37.5% of exports in kind, Albania for 22.5%, and Cyprus for 16.4%. Together, these three countries represented 76.5% 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

After two years of growth, wheat and meslin flour and cereals shipments from Greece abroad declined. In 2020, exports stood at 17 393 K $ US, reflecting a measured decrease of 4.5% from 2019. Over the period from 2017 to 2020, exports increased by 30.7%, with a CAGR of 9.3%. The highest value was recorded in 2019 at 18 219 K $ US, while the largest increase occurred in 2018 with a 24.2% rise.

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

Between 2017 and 2020, Bulgaria, Albania, and Cyprus were the main markets for wheat and meslin flour and cereals exports from Greece in value terms. Bulgaria contributed 38.4% of exports in value, Albania 20.3%, and Cyprus 15.8%. Collectively, these three countries accounted for 74.5% 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 wheat and meslin flour and cereals to Greece

Imports in kind, t

In 2020, wheat and meslin flour and cereals imports into Greece amounted to 40 115 t, representing a significant increase of 63.9% compared to the previous year. From 2017 to 2020, imports rose by 25.9%, with a CAGR of 8.0%. The lowest volume was recorded in 2019 at 24 482 t, which also saw the largest decline of 25.7%.

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

During 2017–2020, Bulgaria, France, and Italy were the largest contributors to wheat and meslin flour and cereals imports into Greece in kind. Bulgaria made up 66.7% of imports in kind, France 9.3%, and Italy 8.5%. Together, these three countries accounted for 84.4% 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

In 2020, the volume of wheat and meslin flour and cereals imports into Greece reached 15 860 K $ US, which is 45.0% higher than in 2019. Between 2017 and 2020, imports increased by 36.7%, equating to an annualized rate of 11.0%. The lowest value was recorded in 2019 at 10 940 K $ US, which also experienced the largest decline of 13.8%.

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

Throughout 2017–2020, Bulgaria, Italy, and France formed the key group of partners for wheat and meslin flour and cereals imports into Greece in value terms. Bulgaria accounted for 53.5% of imports in value, Italy for 12.8%, and France for 8.5%. Collectively, these three countries represented 74.8% 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