New Report: Greece cheese production to rise 35% to hit 289,000 tonnes in 2014

Jan. 2, 2010 - PRLog -- More so than most other European nations, swathes of Greek agriculture have changed little for hundreds of years. Livestock and dairy farming are highly fragmented, with small farmers still responsible for a large portion of production. The country is home to a large number of Controlled Denomination of Origin (DOC) products, particularly cheeses, and larger producers are having increasing success selling them in export markets. Greek consumption patterns are changing, too. Convenience products and health are increasingly factoring in to Greek consumer choices. These issues and others are examined in detail in BMI's Greek Agribusiness Report, Q110. BMI expects Greek dairy production to experience mixed growth over our forecast period, with cheese leading the way. We estimate cheese production in 2009 to have reached 214,000 tonnes. This is set to experience dramatic growth over our forecast period, rising 35% to hit 289,000 tonnes in 2014. We believe this growth will be driven by increasing incomes as well as export demand, as foreign markets take more interest in the country's large range of Controlled Denomination of Origin (DOC) cheeses. In contrast to other EU countries, Greece produces a large number of cheeses from goat and sheep's milk, rather than cow's milk. As well as the well-known feta, these include Anthotiros, Graviera and Manouri. Growing interest in exotic foods in the EU markets and the US will boost demand for these products. Milk production should increase slightly in 2010, up to 2.08mn tonnes. Over our forecast period, production should head up to 2.15mn tonnes in 2014 as yields increase. Average yield increased from 179.3 kilograms per animal in 2000-2003 to 180.4kg/animal in 2004-2007, a trend which is likely to continue. In addition, until now Greece has produced less than its EU milk quota, but the gradual 1% increase in quota until abolition of the quota system in 2015 might spur a slight production increase. As in many other EU markets, we forecast strong poultry growth over our forecast period, as tightening incomes as well as health concerns boost demand. We estimate poultry production for 2009 at 180,000 tonnes. This is set to rise by almost a fifth, increasing by 19.4% to reach 216,000 tonnes in 2014. Production of both pork and beef is on the decline. Unless there is increased investment in the sector, BMI expects pork production to fall from this year's 114,000 tonnes to 90,000 tonnes in 2014, a drop of 20.56% over the forecast period. Meanwhile, the Greek climate and terrain is not the most suitable for raising cattle. Since 2006, beef production has been falling as imports from more efficient producers within the EU are increasingly preferred by consumers. In 2009 we estimate production sank to 56,600 tonnes and will contract by 2.43% to 55,200 tonnes by 2014.

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Partial Table of Contents:

Executive Summary
- SWOT Analysis
- Greece Agricultural SWOT
- Industry Forecast Scenario
- Greece Sugar Outlook
Table: Greece Sugar Production, Consumption & Trade
- Greece Sugar Production, Consumption & Trade
- Greece Dairy Outlook
Table: Greece Milk Production & Consumption
Table: Greece Butter Production, Consumption & Trade
Table: Greece Cheese Production, Consumption & Trade
Table: Greece Milk Production & Consumption
Table: Greece Butter Production, Consumption & Trade
Table: Greece Cheese Production, Consumption & Trade
- Greece Livestock Outlook
Table: Greece Poultry Production, Consumption & Trade
Table: Greece Pork Production, Consumption & Trade
Table: Greece Beef & Veal Production, Consumption & Trade
Table: Greece Poultry Production, Consumption & Trade
Table: Greece Pork Production, Consumption & Trade
Table: Greece Beef & Veal Production, Consumption & Trade
- Greece Rice Outlook
Table: Greece Rice Production, Consumption & Trade
Table: Greece Rice Production, Consumption & Trade
- Greece Grain Outlook
Table: Greece Wheat Production, Consumption & Trade
Table: Greece Corn Production, Consumption & Trade
Table: Greece Barley Production & trade
Table: Greece Wheat Production, Consumption & Trade
Table: Greece Corn Production, Consumption & Trade
Table: Greece Barley Production & Trade
- Competitive Landscape
Table: Agricultural Commodity Producers & Traders
Table: Agribusiness Suppliers
Table: Integrated Agricultural Producers
- Commodity Price Analysis
- Grains Update
- Corn
Table: Corn
- Rice
Table: Rice
- Soy
Table: Soybean
- Wheat
Table: Wheat
- Softs Update
- Cocoa
Table: Cocoa
- Coffee
Table: Coffee
- Milk
Table: Milk
- Sugar
Table: Sugar
- Downstream Supply Chain Analysis
- Industry Forecast Scenario - Food
Table: Greece Food Consumption Indicators -- Historical Data And Forecasts
- Trade
- Food And Drink Trade Balance -- Historical Data And Forecasts
- Prepared/Canned Food
Table: Canned Food Value/Volume Sales -- Historical Data And Forecasts
- Confectionery
- Confectionery Value/Volume Sales -- Historical Data And Forecasts
- Industry Forecast Scenario - Retail
- Industry Forecast Scenario - Retail
Table: Greece Mass Grocery Retail -- Value Sales by Format -- Historical Data And Forecasts