Industry revenue of »manufacture of bread, fresh pastry goods and cakes« in Greece 2011-2023

The revenues of bread, fresh pastry goods and cakes manufacturers in Greece had registered an uneven growth trend between 2011 and 2016, falling and rising intermittently. However, according to estimates by Statista based on data from Eurostat, the next few years is expected to be different, with the market rising steadily to reach 2,429 million U.S. Dollars by 2023, up from 2,171 million U.S. dollars in 2017.

Bakery companies account for a majority of food manufacturers

Currently, the majority of the food manufacturing industry in the country is made up of companies making bakery and farinaceous products. This is reflected in the industry revenues as well, with the value of products manufactured, in 2017 totaling around two billion euros, which is only second to the country’s highly lucrative dairy products industry.

Bread consumption in Greece is moderate

Greece was placed among the top thirty countries globally in terms of per-capita volume sales in 2018. However, when compared in terms of revenue, the ranking slipped outside the top thirty, with the US, Japan, Germany and the UK, leading the market. Increase in average unit price

Although the average price per unit in the industry remained more or less stagnant, the steady growth in the average volume has led to an increase in market revenues over the last few years.

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Industry revenue of »manufacture of bread, fresh pastry goods and cakes« in Greece from 2011 to 2023

Revenue in million U.S. Dollars
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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Greece. The industry “manufacture of bread; manufacture of fresh pastry goods and cakes“ has the code “C1071“.

Details on the methodology can be found here.

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