Bulgaria - Onion and Shallot - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOnion and Shallot Price in Bulgaria - 2023
Contents:
- Onion and Shallot Price in Bulgaria (CIF) - 2023
- Onion and Shallot Price in Bulgaria (FOB) - 2022
- Onion and Shallot Imports in Bulgaria
- Onion and Shallot Exports in Bulgaria
Onion and Shallot Price in Bulgaria (CIF) - 2023
The average onion and shallot import price stood at $364 per ton in August 2023, reducing by -21.8% against the previous month. In general, the import price, however, showed a buoyant increase. The most prominent rate of growth was recorded in March 2023 an increase of 40% m-o-m. The import price peaked at $748 per ton in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($878 per ton), while the price for Ukraine ($227 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 Germany (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion and Shallot Price in Bulgaria (FOB) - 2022
The average onion and shallot export price stood at $821 per ton in 2022, with an increase of 33% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, onion and shallot export price increased by +129.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 72% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($1,400 per ton), while the average price for exports to Hungary ($211 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.
Onion and Shallot Imports in Bulgaria
In 2022, purchases abroad of onion and shallot was finally on the rise to reach 25K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a drastic downturn.
In value terms, onion and shallot imports contracted to $5.1M in 2022. In general, imports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year.
| Import of Onion and Shallot in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,886 | 978 | 3,792 | 1,247 | -12.9% |
| Serbia | 465 | 403 | 182 | 1,057 | 31.5% |
| Germany | 803 | 1,211 | 434 | 702 | -4.4% |
| Netherlands | 1,364 | 1,107 | 768 | 687 | -20.4% |
| Austria | 230 | 224 | 316 | 642 | 40.8% |
| Poland | 832 | 172 | 151 | 208 | -37.0% |
| France | 79.8 | 410 | N/A | 185 | 32.3% |
| Uzbekistan | 325 | 31.8 | N/A | N/A | -90.2% |
| Others | 1,406 | 390 | 244 | 345 | -37.4% |
| Total | 7,391 | 4,927 | 5,889 | 5,071 | -11.8% |
Top Suppliers of Onion and Shallot to Bulgaria in 2022:
- Turkey (8.6K tons)
- Serbia (6.4K tons)
- Austria (2.5K tons)
- Germany (2.4K tons)
- Netherlands (2.2K tons)
- Poland (1.0K tons)
- France (0.9K tons)
Onion and Shallot Exports in Bulgaria
In 2022, after two years of decline, there was significant growth in overseas shipments of onion and shallot, when their volume increased by 25% to 579 tons. Overall, exports, however, continue to indicate a sharp setback.
In value terms, onion and shallot exports surged to $475K in 2022. In general, exports, however, showed a deep contraction.
| Export of Onion and Shallot in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 0.4 | 4.8 | 156 | 1874.8% |
| Greece | 56.1 | 71.1 | 28.2 | 129 | 32.0% |
| Italy | 1.0 | N/A | N/A | 75.9 | 323.4% |
| Romania | 208 | 159 | 190 | 61.3 | -33.5% |
| Luxembourg | N/A | N/A | 13.9 | 37.0 | 166.2% |
| Hungary | 117 | 158 | 18.5 | 6.3 | -62.2% |
| Czech Republic | 73.5 | 31.3 | N/A | 1.5 | -72.7% |
| Poland | 128 | 6.2 | 13.9 | N/A | -67.0% |
| Others | 9.8 | 17.3 | 15.2 | 7.9 | -6.9% |
| Total | 594 | 444 | 284 | 475 | -7.2% |
Top Export Markets for Onion and Shallot from Bulgaria in 2022:
- Germany (215.0 tons)
- Greece (135.2 tons)
- Italy (106.5 tons)
- Romania (43.8 tons)
- Luxembourg (38.2 tons)
- Hungary (30.0 tons)
- Czech Republic (1.0 tons)
This report provides an in-depth analysis of the onion and shallot 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 402 - Onions, shallots (green)
- FCL 403 - Onions, dry
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
-
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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