Greek Oilseed Imports Rise Amid Global Production Decline
Greece’s sunflower oil imports surge as global output falls short of demand.
• Greek imports of sunflower-seed oil rose 15% in June to 12,500 metric tons.
• The increase comes amid a decline in global production due to droughts and poor weather conditions in major producers like Ukraine and Russia.
• Prices for sunflower oil have risen by 5% on the global market over the past quarter.
Greece’s oilseed imports are expected to remain strong in the coming months as domestic demand outpaces local supply. The country’s reliance on imported oils has increased due to a decline in domestic sunflower production, which was affected by severe weather conditions last season. As global prices continue to rise, Greek importers may seek alternative suppliers to maintain their market share.
Yearly Import Summary
| year | total_quantity_kg | total_value_eur |
|---|---|---|
| 2020 | 71,426,707 | 55,980,950 |
| 2021 | 62,521,247 | 78,597,223 |
| 2022 | 70,233,702 | 119,910,321 |
| 2023 | 111,222,738 | 121,469,372 |
| 2024 | 126,854,095 | 138,596,378 |
Top Partner Countries 2024
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Bulgaria | 75,923,916 | 84,401,891 |
| Ukraine | 25,269,536 | 25,203,131 |
| Italy | 7,471,322 | 7,531,338 |
| Cyprus | 4,085,796 | 4,324,270 |
| Hungary | 3,371,790 | 4,165,369 |
| Turkey | 3,334,600 | 3,580,591 |
| Macedonia | 2,581,329 | 2,846,304 |
| XS | 2,106,160 | 2,276,198 |
| Romania | 1,818,737 | 2,396,312 |
| Czech Republic | 324,670 | 847,473 |
Top Partner Countries 2023
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Bulgaria | 79,809,626 | 85,933,012 |
| Italy | 6,205,097 | 6,142,534 |
| Ukraine | 5,912,860 | 5,850,721 |
| XS | 4,762,628 | 4,484,792 |
| Cyprus | 4,271,682 | 4,328,919 |
| Romania | 2,320,775 | 4,030,676 |
| Hungary | 2,131,089 | 3,233,351 |
| Macedonia | 1,553,510 | 1,788,486 |
| Estonia | 1,130,660 | 1,205,459 |
| Slovenia | 987,100 | 1,047,001 |
