**Greek Imports of Vegetable Oils Surge Amid Global Supply Shifts**
**Rise in Demand for Mustard Oil Fuels Greek Import Growth**
• Greece’s imports of rape/mustard oil jumped 15% year-over-year in June to 20,100 metric tons.
• The increase is attributed to a rise in demand from the food processing industry and higher global production levels.
• Prices for refined mustard oil fell by 5% over the same period due to improved supply chain efficiencies.
A surge in Greek imports of rape/mustard oil reflects shifting global market dynamics. As global production increases, Greece is taking advantage of lower prices and rising demand from its food processing sector. The country’s import growth has outpaced regional averages, driven by a 15% year-over-year increase in June. Market analysts expect this trend to continue as European demand for vegetable oils remains strong.
Yearly Import Summary
| year | total_quantity_kg | total_value_eur |
|---|---|---|
| 2020 | 2,613,027 | 2,980,868 |
| 2021 | 4,261,904 | 5,782,961 |
| 2022 | 12,988,496 | 19,398,084 |
| 2023 | 16,713,694 | 18,400,413 |
| 2024 | 9,588,039 | 9,400,592 |
Top Partner Countries 2024
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| XS | 3,946,132 | 3,948,076 |
| Bulgaria | 2,038,470 | 1,307,161 |
| Ukraine | 1,532,880 | 1,507,072 |
| Austria | 1,029,140 | 1,185,010 |
| Romania | 353,940 | 306,158 |
| Italy | 167,965 | 291,046 |
| Germany | 154,375 | 237,218 |
| Netherlands | 91,245 | 167,595 |
| France | 84,637 | 188,702 |
| Slovenia | 74,360 | 68,448 |
Top Partner Countries 2023
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| XS | 7,490,800 | 7,166,538 |
| Cyprus | 2,737,540 | 2,595,458 |
| Hungary | 2,273,945 | 3,405,030 |
| Bulgaria | 1,240,940 | 1,267,510 |
| Austria | 660,372 | 982,993 |
| Slovenia | 618,500 | 614,193 |
| Germany | 429,427 | 671,420 |
| Romania | 391,800 | 336,948 |
| Italy | 260,230 | 356,189 |
| Netherlands | 231,485 | 414,701 |
