Greece: Spinach Market 2024

Spinach Market Size in Greece

The Greek spinach market skyrocketed to $X in 2023, with an increase of X% against the previous year. In general, consumption showed a prominent increase. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Spinach Production in Greece

In value terms, spinach production soared to $X in 2023 estimated in export price. Overall, production showed strong growth. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

In 2023, the average yield of spinach in Greece skyrocketed to X tons per ha, with an increase of X% against the year before. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2022 to 2023, the growth of the average spinach yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The spinach harvested area in Greece contracted slightly to X ha in 2023, reducing by X% against 2022 figures. In general, the harvested area, however, continues to indicate prominent growth. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the harvested area dedicated to spinach production attained the peak figure at X ha in 2022, and then contracted slightly in the following year.

Spinach Exports

Exports from Greece

In 2023, shipments abroad of spinach increased by X% to X tons for the first time since 2018, thus ending a four-year declining trend. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, spinach exports stood at $X in 2023. Over the period under review, exports showed strong growth. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for spinach exports from Greece, accounting for a X% share of total exports. Moreover, spinach exports to Bulgaria exceeded the volume sent to the second major destination, Romania (X tons), threefold. Cyprus (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Bulgaria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Cyprus (X% per year).

In value terms, the largest markets for spinach exported from Greece were Bulgaria ($X), Iraq ($X) and Cyprus ($X), together accounting for X% of total exports.

Iraq, with a CAGR of X.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spinach export price stood at $X per ton in 2023, surging by X% against the previous year. Overall, the export price posted notable growth. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Spinach Imports

Imports into Greece

In 2023, supplies from abroad of spinach decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, imports, however, recorded strong growth. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of X tons. From 2016 to 2023, the growth of imports remained at a lower figure.

In value terms, spinach imports shrank rapidly to $X in 2023. In general, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Italy (X tons) was the main spinach supplier to Greece, accounting for a X% share of total imports. It was followed by Belgium (X tons), with a X% share of total imports. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the Netherlands (X% per year).

In value terms, Italy ($X) constituted the largest supplier of spinach to Greece, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Belgium (X% per year).

Import Prices by Country

The average spinach import price stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the import price posted a remarkable increase. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform