The refined maize oil market in Greece experienced a significant decline in volume from 25.72 million kilograms in 2013 to 17.544 million kilograms by 2023. Over the past decade, there were fluctuations with a notable decrease between 2014 and 2015, and a marked drop in 2019, leading to an overall downward trend.
Between 2022 and 2023, the market contracted by 3.76%, following consecutive annual decreases. The compound annual growth rate over the last five years stands at a decline of 4.37% per year.
Future trends to monitor include the increasing focus on sustainable agricultural practices and growing consumer interest in healthier cooking oil options. Shifts in these areas may impact demand and create new growth opportunities for refined maize oil.
