Greece Import Spike: Groundnut Demand Surges Amid Food Shortages
Subheadline: Global prices push up groundnut imports in Greece amid crop shortages.
• Greek groundnut imports rose 12% year-on-year to 10,000 metric tons in June.
• The surge comes as global prices for the commodity have increased by 15% over the past quarter due to crop failures in key producing countries.
• Supply chain disruptions and logistical issues contributed to a significant increase in import costs, pushing up average prices to €1,800 per ton.
Greece’s groundnut imports have seen a notable uptick, driven primarily by domestic food shortages exacerbated by recent crop losses. The increased demand has put upward pressure on global prices, which continue to rise due to supply chain issues and logistical disruptions affecting major producers. As Greece seeks alternative sources of the commodity, import volumes are expected to remain elevated in the coming months.
Yearly Import Summary
| year | total_quantity_kg | total_value_eur |
|---|---|---|
| 2020 | 13,391,790 | 18,108,890 |
| 2021 | 14,509,968 | 20,019,051 |
| 2022 | 18,531,309 | 28,735,393 |
| 2023 | 18,676,290 | 31,378,593 |
| 2024 | 18,717,185 | 33,404,499 |
Top Partner Countries 2024
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Argentina | 12,122,418 | 20,730,601 |
| China | 3,212,614 | 5,735,193 |
| Netherlands | 1,396,560 | 2,722,137 |
| Egypt | 885,402 | 1,630,356 |
| Turkey | 366,460 | 780,075 |
| Brazil | 203,625 | 356,597 |
| Bulgaria | 116,925 | 266,312 |
| Nicaragua | 100,000 | 172,790 |
| Paraguay | 78,750 | 122,137 |
| Germany | 51,650 | 445,305 |
Top Partner Countries 2023
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Argentina | 12,461,337 | 19,341,724 |
| China | 3,275,955 | 6,646,568 |
| Netherlands | 1,431,833 | 2,672,902 |
| Egypt | 508,080 | 881,351 |
| Brazil | 397,625 | 673,810 |
| United States | 202,568 | 359,104 |
| Paraguay | 121,250 | 173,327 |
| Nicaragua | 100,000 | 174,258 |
| Belgium | 59,874 | 95,741 |
| Germany | 44,350 | 163,223 |
