Report Update: Apr 1, 2024

Bulgaria - Tomato Ketchup And Tomato Sauces - Market Analysis, Forecast, Size, Trends And Insights

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Tomato Ketchup Price in Bulgaria - 2023

Tomato Ketchup Price in Bulgaria (CIF) - 2023

In August 2023, the average tomato ketchup import price amounted to $2,412 per ton, reducing by -7.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.7%. The growth pace was the most rapid in September 2022 when the average import price increased by 23% m-o-m. Over the period under review, average import prices attained the peak figure at $2,628 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 Lithuania ($4,386 per ton), while the price for Austria ($1,192 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 the Czech Republic (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Tomato Ketchup Price in Bulgaria (FOB) - 2023

The average tomato ketchup export price stood at $2,030 per ton in August 2023, picking up by 6.8% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 22% m-o-m. The export price peaked at $2,441 per ton in April 2023; however, from May 2023 to August 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Kosovo ($4,227 per ton), while the average price for exports to Bosnia and Herzegovina ($975 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 Azerbaijan (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Ketchup Imports in Bulgaria

For the fourth year in a row, Bulgaria recorded growth in supplies from abroad of tomato ketchup and tomato sauces, which increased by 9% to 4.9K tons in 2022. The total import volume increased at an average annual rate of +8.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, tomato ketchup imports soared to $9.6M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Tomato Ketchup in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lithuania	N/A	N/A	1,130	2,717	140.4%
Netherlands	1,412	1,348	1,693	2,090	14.0%
Italy	553	544	661	1,354	34.8%
Greece	1,298	1,409	1,685	1,000	-8.3%
Poland	344	235	342	665	24.6%
Germany	329	377	394	406	7.3%
Hungary	245	108	196	353	12.9%
Austria	114	100	139	165	13.1%
Czech Republic	96.7	99.7	93.3	108	3.8%
United Kingdom	298	310	10.8	N/A	-81.0%
Estonia	585	1,519	681	N/A	7.9%
Others	261	465	855	761	42.9%
Total	5,535	6,516	7,880	9,620	20.2%

Top Suppliers of Tomato Ketchup to Bulgaria in 2022:

Netherlands (1067.2 tons)
Italy (976.2 tons)
Greece (833.9 tons)
Lithuania (510.4 tons)
Poland (356.4 tons)
Germany (233.3 tons)
Hungary (202.5 tons)
Austria (199.3 tons)
Czech Republic (107.4 tons)

Tomato Ketchup Exports in Bulgaria

In 2022, the amount of tomato ketchup and tomato sauces exported from Bulgaria skyrocketed to 1.4K tons, increasing by 24% compared with 2021 figures. The total export volume increased at an average annual rate of +12.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tomato ketchup exports soared to $2.7M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +26.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +101.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 36%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Tomato Ketchup in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	20.3	31.1	39.2	592	207.8%
Ukraine	13.7	175	202	465	223.8%
Germany	159	254	397	391	35.0%
Bosnia and Herzegovina	248	288	242	225	-3.2%
Saudi Arabia	26.4	87.3	84.9	132	71.0%
Netherlands	43.1	55.1	88.4	122	41.5%
Cyprus	39.4	51.3	60.2	115	42.9%
Russia	146	162	251	104	-10.7%
Belgium	30.6	44.3	70.0	103	49.9%
Azerbaijan	91.7	54.4	45.0	57.3	-14.5%
Albania	37.1	28.9	41.7	41.5	3.8%
Iraq	1.0	3.3	9.3	40.2	242.6%
Greece	76.8	53.4	48.3	18.8	-37.4%
Others	421	558	493	329	-7.9%
Total	1,354	1,845	2,071	2,735	26.4%

Top Export Markets for Tomato Ketchup from Bulgaria in 2022:

Bosnia and Herzegovina (287.5 tons)
France (236.6 tons)
Ukraine (223.7 tons)
Germany (160.2 tons)
Netherlands (61.9 tons)
Cyprus (60.9 tons)
Azerbaijan (58.9 tons)
Saudi Arabia (56.5 tons)
Russia (46.0 tons)
Belgium (39.5 tons)
Albania (25.2 tons)
Greece (24.3 tons)
Iraq (20.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tomato ketchup 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:

Prodcom 10841230 - Tomato ketchup and other tomato sauces

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023