The condensed and evaporated milk market in Greece has seen a consistent decline in value from 2013 to 2023. Starting at 191.68 million euros in 2013, it decreased to 161.89 million euros in 2023. Year-on-year percentage changes indicate fluctuations but predominantly a downward trend, with the most significant decline of 10.3% in 2015. The recent two years mirrored this trend with -0.82% in 2022 and -0.81% in 2023. The compound annual growth rate over the past five years was -0.62%, further reflecting this steady decline.
In the future, watch for:
- Potential economic recovery in Greece and its impact on consumer spending.
- Shifts towards alternative milk products driven by health trends and dietary preferences.
- Changes in domestic production and import policies affecting market dynamics.
