**Vanilla Imports Surge in Greece Amid Global Shortage**
Greece Sees Increased Demand for High-Quality Vanilla Beans
* Greek importers brought in 10% more vanilla beans from Madagascar and Indonesia in Q2, totaling 500 tons.
* Rising global demand for high-quality vanilla, driven by growth in the food and beverage industry, contributed to the increase.
* Vanilla prices have stabilized at $20 per kilogram, after a sharp spike in late 2022.
The Greek market is benefiting from a surge in imports of high-quality vanilla beans as global demand continues to grow. The recent increase in volume, driven by rising demand from the food and beverage industry, has helped stabilize prices. However, Greece’s reliance on imported vanilla may make it vulnerable to future price fluctuations, particularly if supply chain disruptions occur.
Yearly Import Summary
| year | total_quantity_kg | total_value_eur |
|---|---|---|
| 2020 | 14,381 | 751,949 |
| 2021 | 11,487 | 664,241 |
| 2022 | 7,094 | 784,431 |
| 2023 | 7,122 | 723,621 |
| 2024 | 7,317 | 512,259 |
Top Partner Countries 2024
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| France | 4,970 | 399,427 |
| Netherlands | 777 | 21,411 |
| Bulgaria | 602 | 4,466 |
| Madagascar | 489 | 42,234 |
| Belgium | 204 | 2,744 |
| Uganda | 160 | 8,333 |
| Germany | 62 | 21,974 |
| Indonesia | 20 | 1,867 |
| Romania | 20 | 9,580 |
| Italy | 13 | 223 |
Top Partner Countries 2023
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| France | 5,381 | 612,367 |
| Germany | 798 | 28,873 |
| Netherlands | 360 | 36,059 |
| Belgium | 327 | 4,107 |
| Madagascar | 101 | 11,394 |
| Uganda | 60 | 6,137 |
| Romania | 40 | 19,160 |
| Italy | 30 | 376 |
| United States | 24 | 5,004 |
| New Zealand | 1 | 144 |
