**Greek Sugar Imports Rise Amid European Supply Concerns**
**Greek sugar imports surge as domestic production declines due to crop disease**
• Greek imports of other sugars (HS Code 1702) rose by 12.5% in the first half of 2024 compared to the same period last year.
• The increase is attributed to a decline in domestic sugar beet production, which was affected by crop diseases and unfavorable weather conditions.
• Global prices for glucose and fructose have also increased due to strong demand from the pharmaceutical and food industries.
The rise in Greek sugar imports comes as European producers struggle with low yields and high costs. Domestic production has declined significantly, leading to a surge in demand for imported sugars, particularly lactose and glucose used in dairy products and pharmaceuticals. Meanwhile, global prices continue to fluctuate based on seasonal supply and demand trends.
Yearly Import Summary
| year | total_quantity_kg | total_value_eur |
|---|---|---|
| 2020 | 51,667,971 | 26,999,216 |
| 2021 | 55,450,688 | 31,272,415 |
| 2022 | 59,224,236 | 48,539,122 |
| 2023 | 54,786,131 | 58,698,291 |
| 2024 | 59,765,992 | 47,921,900 |
Top Partner Countries 2024
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Bulgaria | 27,903,745 | 17,101,577 |
| Hungary | 9,681,919 | 4,842,384 |
| Italy | 7,223,724 | 5,427,978 |
| Belgium | 3,797,950 | 3,299,684 |
| Germany | 2,769,587 | 4,651,938 |
| Turkey | 1,856,387 | 1,773,456 |
| Netherlands | 993,988 | 3,131,953 |
| Czech Republic | 757,601 | 644,374 |
| France | 723,814 | 1,529,200 |
| Spain | 584,866 | 1,038,872 |
Top Partner Countries 2023
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Bulgaria | 26,799,678 | 23,997,179 |
| Italy | 6,898,691 | 7,190,991 |
| Hungary | 6,423,806 | 4,253,375 |
| Belgium | 3,257,769 | 4,266,700 |
| Germany | 2,644,117 | 5,672,255 |
| Turkey | 2,521,747 | 2,392,008 |
| Netherlands | 980,028 | 2,941,333 |
| Romania | 603,050 | 690,767 |
| XS | 527,750 | 430,433 |
| Spain | 488,684 | 1,017,383 |
