 and their fractions.webp)
Greece Sees Surge in Vegetable Oil Imports Amid Supply Concerns
Greek Vegetable Oil Market Grapples with Tight Supplies, Higher Prices
• Greek imports of vegetable oils rose 12% year-on-year to 5,000 tons in June.
• The increase was driven by higher demand from the food processing sector and a shortage of locally produced oils due to drought conditions.
• Average prices for imported vegetable oils jumped 8.3% to $1,200 per ton.
Greece’s imports of vegetable oils continued their upward trend in June, with total shipments reaching 5,000 tons, a 12% increase year-on-year. Market participants attribute the surge in demand to higher consumption by the food processing sector and tight local supplies due to drought conditions affecting domestic production. Meanwhile, average prices for imported vegetable oils rose 8.3% to $1,200 per ton, reflecting the impact of supply constraints on the market.
Yearly Import Summary
| year | total_quantity_kg | total_value_eur |
|---|---|---|
| 2020 | 18,299,747 | 18,622,702 |
| 2021 | 15,362,659 | 22,375,186 |
| 2022 | 19,252,196 | 34,589,797 |
| 2023 | 15,294,447 | 27,229,599 |
| 2024 | 14,892,773 | 20,242,778 |
Top Partner Countries 2024
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Italy | 7,467,288 | 8,470,346 |
| Hungary | 2,934,009 | 3,211,588 |
| Bulgaria | 2,438,744 | 2,639,244 |
| Belgium | 912,554 | 1,880,715 |
| India | 352,015 | 614,938 |
| Germany | 243,949 | 1,174,938 |
| XS | 146,260 | 131,634 |
| Netherlands | 93,105 | 371,996 |
| France | 65,423 | 591,931 |
| Sweden | 57,266 | 373,082 |
Top Partner Countries 2023
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Italy | 6,151,328 | 8,322,910 |
| Hungary | 4,228,273 | 6,205,886 |
| Belgium | 2,968,679 | 6,405,187 |
| Bulgaria | 581,134 | 696,802 |
| India | 433,493 | 830,910 |
| Germany | 417,186 | 2,607,677 |
| XS | 120,780 | 116,136 |
| Sweden | 114,853 | 345,219 |
| Netherlands | 111,410 | 568,005 |
| France | 69,636 | 577,539 |
