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Greece Agribusiness Report Q4 2017

Greece Agribusiness Report Q4 2017

BMI View:

We continue to hold the view that cheese production will see buoyant, albeit slightly more muted, growth in the coming years due to strong export opportunities and as a result we have revised our forecasts upwards accordingly for 2017 following a revision of output data for 2016. In addition, we see sugar remaining on a declining trend as competition is set to increase in the EU as cheaper sugar becomes available from elsewhere in the region starting in 2017. We continue to see poultry consumption outperforming the livestock sector in terms of both production and consumption due to its lower cost, providing a modest push to corn production towards the end of our newly extended forecast period to 2020/21.We expect poultry consumption to close the gap on, and eventually overtake, beef production across the course of our forecast period, with the shift in the rankings taking place in 2021. As the Greek economy finds relative stability going forward, our forecasts across the agricultural sector remain largely unchanged from our last quarterly update, except for a upgrade in cheese productionand a downgrade in milk production. Poultry consumption from 2017 to 2021: up by an average of 3.3% y-o-y to 215,050 tonnes. The cheaper price of poultry meat means it will still gain ground against beef and pork. By the end of our forecast period, we now see poultry overtaking beef, but not pork, in demand, with the shift in the hierarchy forecasted to take place in 2021. Over the course of our forecast period, we expect poultry consumption to close the gap with production; however, we do not expect it to exceed it before the end of our forecast period in 2021.


BMI Industry View
SWOT
Agribusiness
Industry Forecast
Grains Outlook
Latest Updates
Table: Greece - Grains Production & Consumption Outlook
Table: Risks To Outlook
Table: Grains Production & Consumption (Greece 2013-2021)
Table: Corn Production & Consumption (Greece 2013-2021)
Table: Barley Production & Consumption (Greece 2013-2021)
Dairy Outlook
Table: Greece - Dairy Production And Consumption Outlook
Table: Risks To Outlook
Table: Milk Production & Consumption (Greece 2013-2021)
Table: Cheese Production & Consumption (Greece 2013-2021)
Table: Butter Production & Consumption (Greece 2013-2021)
Livestock Outlook
Table: Greece - Livestock Production And Consumption Outlook
Table: Risks To Outlook
Table: Poultry Production & Consumption (Greece 2013-2021)
Table: Pork Production & Consumption (Greece 2013-2021)
Table: Beef Production & Consumption (Greece 2013-2021)
Sugar Outlook
Table: Greece - Sugar Production And Consumption Outlook
Table: Risks To Outlook
Table: Sugar Production & Consumption (Greece 2013-2021)
Commodities Price Analysis
Commodities Performance And Forecasts
Table: BMI Commodities Views
Table: Select Commodities - Performance & BMI Forecasts
Upstream Analysis
Europe Machinery Outlook
Table: Select Companies - Sales Forecasts By Region (company-based estimates)
Europe GM Outlook
Europe Fertiliser Outlook
Downstream Analysis
Food
Latest Updates
Structural Trends
Table: Food Sales (Greece 2014-2021)
Regional Overview
Six Key Themes For Europe Agribusiness In 2017
Demographic Data
Demographic Forecast
Table: Population Headline Indicators (Greece 1990-2025)
Table: Key Population Ratios (Greece 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Greece 1990-2025)
Table: Population By Age Group (Greece 1990-2025)
Table: Population By Age Group % (Greece 1990-2025)
Methodology
Industry Forecast Methodology
Sector-Specific Methodology

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