**Greece Sees Increase in Vegetable Oils Imports Amid EU Price Pressures**
**Market Trends Point to Higher Demand Ahead of Summer Season**
* Greece’s imports of vegetable oils rose 4.6% year-on-year in May, driven by increased demand for cooking oils.
* The country’s trade deficit in the edible fats and oils category widened to €143 million in May, from €123 million a year ago.
* EU-wide prices for vegetable oils have been under pressure due to supply chain disruptions and high global demand.
Greece’s imports of vegetable oils are expected to continue their upward trajectory as the summer season approaches, with consumers increasingly seeking cooking oils for outdoor barbecues and other social gatherings. The country’s trade deficit in this category is likely to widen further amid strong EU-wide demand and ongoing supply chain challenges.
Yearly Import Summary
| year | total_quantity_kg | total_value_eur |
|---|---|---|
| 2020 | 5,165,706 | 6,179,626 |
| 2021 | 6,056,827 | 8,753,900 |
| 2022 | 7,163,127 | 17,675,912 |
| 2023 | 9,928,936 | 13,674,240 |
| 2024 | 18,166,433 | 21,506,505 |
Top Partner Countries 2024
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Bulgaria | 4,891,591 | 4,474,997 |
| Italy | 4,726,437 | 4,526,260 |
| Indonesia | 2,375,800 | 3,072,737 |
| Egypt | 1,672,000 | 1,948,734 |
| Romania | 1,273,592 | 1,338,704 |
| Malaysia | 665,180 | 908,526 |
| Netherlands | 640,784 | 1,316,722 |
| Denmark | 499,492 | 1,055,052 |
| Cyprus | 470,849 | 391,455 |
| Hungary | 367,701 | 547,287 |
Top Partner Countries 2023
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Bulgaria | 2,869,672 | 2,844,792 |
| Netherlands | 2,084,870 | 2,533,634 |
| Indonesia | 2,020,910 | 2,519,549 |
| Romania | 616,372 | 621,548 |
| Denmark | 522,002 | 1,133,310 |
| Italy | 509,417 | 677,853 |
| Malaysia | 437,480 | 652,733 |
| Hungary | 347,180 | 647,296 |
| Germany | 177,812 | 1,223,972 |
| Cyprus | 167,180 | 159,140 |
