Bulgaria - Canned Vegetables - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCanned Vegetable Price in Bulgaria - 2023
Contents:
- Canned Vegetable Price in Bulgaria (CIF) - 2023
- Canned Vegetable Price in Bulgaria (FOB) - 2023
- Canned Vegetable Imports in Bulgaria
- Canned Vegetable Exports in Bulgaria
Canned Vegetable Price in Bulgaria (CIF) - 2023
In August 2023, the average canned vegetable import price amounted to $2,475 per ton, declining by -13.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in July 2023 when the average import price increased by 26% m-o-m. As a result, import price attained the peak level of $2,872 per ton, and then fell in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Romania ($6,472 per ton), while the price for Spain ($1,264 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Portugal (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Canned Vegetable Price in Bulgaria (FOB) - 2023
In August 2023, the average canned vegetable export price amounted to $2,342 per ton, declining by -23.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 29% m-o-m. As a result, the export price attained the peak level of $3,065 per ton, and then contracted rapidly in the following month.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was the UK ($3,187 per ton), while the average price for exports to Greece ($1,312 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Canned Vegetable Imports in Bulgaria
In 2022, canned vegetable imports into Bulgaria stood at 45K tons, growing by 8.8% compared with 2021. The total import volume increased at an average annual rate of +6.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 11%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, canned vegetable imports amounted to $84M in 2022. The total import value increased at an average annual rate of +12.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 15%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Canned Vegetable in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 14.0 | 16.6 | 20.2 | 21.7 | 15.7% |
| Greece | 17.2 | 18.1 | 19.9 | 17.7 | 1.0% |
| Turkey | 8.0 | 9.1 | 9.6 | 12.2 | 15.1% |
| Italy | 4.5 | 4.7 | 5.3 | 6.7 | 14.2% |
| Hungary | 4.9 | 5.9 | 5.7 | 6.0 | 7.0% |
| Germany | 3.5 | 4.4 | 4.3 | 4.6 | 9.5% |
| Poland | 1.5 | 1.1 | 2.0 | 3.9 | 37.5% |
| Portugal | 0.6 | 1.4 | 1.6 | 2.3 | 56.5% |
| Spain | 1.0 | 1.3 | 1.6 | 2.0 | 26.0% |
| Czech Republic | 1.1 | 1.3 | 1.2 | 0.7 | -14.0% |
| Others | 3.3 | 4.8 | 5.1 | 6.4 | 24.7% |
| Total | 59.6 | 68.6 | 76.5 | 84.1 | 12.2% |
Top Suppliers of Canned Vegetable to Bulgaria in 2022:
- Turkey (9.8K tons)
- Greece (8.2K tons)
- Italy (6.0K tons)
- Romania (4.9K tons)
- Hungary (4.4K tons)
- Germany (3.0K tons)
- Portugal (2.1K tons)
- Spain (2.0K tons)
- Poland (1.7K tons)
- Czech Republic (0.5K tons)
Canned Vegetable Exports in Bulgaria
In 2022, after three years of growth, there was significant decline in shipments abroad of canned vegetables, when their volume decreased by -10.2% to 17K tons. Overall, exports, however, saw a slight increase. The most prominent rate of growth was recorded in 2020 with an increase of 8.5%.
In value terms, canned vegetable exports reduced to $34M in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 11% against the previous year.
| Export of Canned Vegetable in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 10.2 | 10.1 | 11.7 | 8.1 | -7.4% |
| Germany | 5.0 | 6.6 | 7.1 | 7.6 | 15.0% |
| United States | 4.0 | 4.9 | 5.1 | 5.2 | 9.1% |
| Italy | 3.6 | 3.8 | 4.4 | 4.8 | 10.1% |
| Romania | 1.5 | 1.4 | 1.0 | 1.0 | -12.6% |
| Sweden | 0.6 | 0.6 | 0.6 | 0.6 | 0.0% |
| United Kingdom | 0.9 | 1.1 | 2.0 | N/A | 49.1% |
| Others | 4.6 | 5.2 | 4.7 | 6.6 | 12.8% |
| Total | 30.4 | 33.7 | 36.5 | 33.9 | 3.7% |
Top Export Markets for Canned Vegetable from Bulgaria in 2022:
- Greece (5.7K tons)
- Germany (4.2K tons)
- United States (2.2K tons)
- Italy (1.7K tons)
- Romania (0.5K tons)
- Sweden (0.4K tons)
This report provides an in-depth analysis of the canned vegetable market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 472 - Vegetables, Preserved nes (O/T vinegar)
Country coverage:
- Bulgaria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bulgaria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Despite relatively flat year to year export numbers in 2014, Italy continued to lead the way in the global trade of vegetables (homogenized preparations). In 2014, Italy exported X thousand tons of vegetables (homogenized preparations) totaling X m
1573
In 2020, global preserved sweet corn exports rose by +4.1% y-o-y to $1B. Thailand, Hungary and France head the list of the largest exporters worldwide. The average export price for preserved sweet corn remained relatively unchanged in 2020. Germany, the UK, Japan were the prime destinations for imported preserved sweet corn last year.
1150
Hungary dominates in the global trade of prepared sweet corn. In 2014, Hungary exported X thousand tons of prepared sweet corn totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of it
1333
Despite relatively flat year to year export numbers in 2014, Italy continued to lead the way in the global trade of vegetables (homogenized preparations). In 2014, Italy exported X thousand tons of vegetables (homogenized preparations) totaling X m
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