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2120 final report.pdf - Agra CEAS Consulting

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APPENDIX 1: MEMBER STATE REPORTSBox A1.16: Profile of Megafarm S.A.Megafarm has between 3% and 5% market shareOwnership: Limited companyTurnover: €5.5 million in 2002Profit: €49,997Employment: 50 staffMain markets: mainly domestic, exports of 1% to Albania and CyprusBox A1.17: Profile of Blahakis APEEBlahakis has between 3% and 5% market shareOwnership: Limited companyTurnover: €4.6 million in 2002Profit: €215,219Employment: 49 staffMain markets: mainly domesticA1.7.2.2. Production (packer) concentrationAs mentioned above, the Greek egg industry is extremely fragmented. There is a large number ofproducer/packers and a slightly smaller but still very large number of packers. Competition isextremely fierce and often results in very low producer prices, often leaving no profit margin to theproducer/packer. In fact, two of the three largest producer/packers made losses in 2001, in one casethese losses were substantial. A number of egg producers have been forced out of business asconsolidation takes place.Table A1.46 presents the main egg packers in Greece and their approximate share of total eggspacked in 2003. After the top three packers there are a number of firms of approximately similarsize and only the first one of these is listed here.Table A1.46: Main egg packers in GreeceRank Company Output 2003 (in eggs)1 Golden Eggs 290 million (estimate)2 Megafarm 90 million (estimate)3 Blahaki 60 million (estimate)4 Ptynotrofiki 50 million (estimate)Total production2,480 million eggsThe 4-firm concentration ratio for Greece in 2003 is around 20% and the 8-firm concentration ratio28% (on the assumption that the next four firms all pack approximately 50 million eggs, 2% of totaleggs packed). Egg producers/packers are more concentrated than a decade before as some allianceshave been formed (for example, Golden Eggs).196

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