Wheat and meslin flour market in Greece

Earlier Report Observations

From 2018 to 2020, the wheat and meslin flour market in Greece displayed moderate stability in volume, with market size hovering between 741.3 thousand tonnes and 752.0 thousand tonnes. The peak occurred in 2019 at 752.0 thousand tonnes, followed by a slight contraction to 741.3 thousand tonnes in 2020. In value terms, the market experienced a decline from 355.6 million US dollars in 2018 to 339.4 million in 2019, then recovered to 350.7 million in 2020.

By 2023, the market volume had returned to 744.9 thousand tonnes, closely matching pre-2020 levels. However, the market value jumped to 472.2 million US dollars, indicating a significant rise in unit prices. The most notable shift came in 2024, when the market volume plummeted to 400.4 thousand tonnes, a drop of 46% compared to 2023. Similarly, the market value fell to 246.8 million US dollars, reflecting a contraction of nearly half within a year.

Production wheat and meslin flour in Greece

In value, 2017-2020, M $ US

In 2020, Greece's wheat and meslin flour production was valued at 352.1 million US dollars, showing a modest 1.4% increase compared to 2019. The highest value was recorded in 2018 at 360.5 million US dollars, which represented a 5.6% increase from the previous year. However, production declined by 3.6% in 2019. Overall, between 2017 and 2020, production grew by 3.2%, translating to an average annual growth rate of 1.0%.

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

In kind, 2017-2020, K t

Following two consecutive years of growth, Greece's wheat and meslin flour production volume decreased in 2020. The country produced 739.4 thousand tonnes, marking a 3.7% reduction compared to the previous year. The peak production volume was recorded in 2019 at 768.0 thousand tonnes, which saw a 2.0% increase from 2018.

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

Exports wheat and meslin flour from Greece

Exports in kind, t

After two years of expansion, Greece's wheat and meslin flour export volumes declined in 2020. Exports reached 36 289 tonnes, reflecting a slight 0.9% decrease from the previous year. The highest export volume was recorded in 2019 at 36 621 tonnes, while the largest annual increase occurred in 2018 with a 13.4% rise. Between 2017 and 2020, exports grew by 25.4%, averaging an annual growth rate of 7.8%.

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

From 2017 to 2020, Bulgaria, Albania, and Cyprus remained the primary destinations for Greece's wheat and meslin flour exports by volume. Bulgaria accounted for 39.1% of exports, Albania for 23.5%, and Cyprus for 16.9%. Together, these three countries represented 79.5% of Greece's total export volume during this period.

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

Following two years of growth, the value of Greece's wheat and meslin flour exports declined in 2020. Export earnings stood at 15 996 thousand US dollars, indicating a 7.4% contraction compared to the previous year. The peak value was recorded in 2019 at 17 277 thousand US dollars, while the largest annual increase occurred in 2018 with a 20.1% rise. Between 2017 and 2020, export value increased by 22.1%, averaging an annual growth rate of 6.9%.

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

Throughout 2017-2020, Bulgaria, Albania, and Cyprus formed the core of Greece's wheat and meslin flour exports by value. Bulgaria accounted for 40.2% of export value, Albania for 21.2%, and Cyprus for 16.1%. Collectively, these three markets represented 77.6% of Greece's total export earnings from this product.

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 to Greece

Imports in kind, t

Greece's wheat and meslin flour import volumes showed significant volatility between 2017 and 2020. Imports reached their lowest point in 2019 at 20 654 tonnes, declining by 23.6% from the previous year. However, they surged to 38 219 tonnes in 2020, representing an 85.0% increase from 2019. This created a 1.9-fold difference between the lowest and highest import volumes during the observed period.

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

From 2017 to 2020, Bulgaria, France, and Italy were the leading sources of wheat and meslin flour imports to Greece by volume. Bulgaria supplied 68.2% of imports, France 10.5%, and Italy 5.5%. Together, these three countries accounted for 84.2% of Greece's total import volume during this period.

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, Greece's wheat and meslin flour import value reached 14 615 thousand US dollars, marking a substantial 56.9% increase from the previous year. The lowest import value was recorded in 2019 at 9 315 thousand US dollars, which represented a 13.9% decline from 2018. Between 2017 and 2020, import value grew by 38.3%, averaging an annual growth rate of 11.4%.

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

Throughout 2017-2020, Bulgaria, Italy, and France remained the primary sources of wheat and meslin flour imports to Greece by value. Bulgaria accounted for 56.5% of import value, Italy for 10.1%, and France for 9.6%. Collectively, these three countries represented 76.2% of Greece's total import expenditure on this product during this period.

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

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