Bulgaria: Almond Market 2024

Almond Market Size in Bulgaria

The Bulgarian almond market dropped modestly to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, saw a resilient increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Almond Production in Bulgaria

In value terms, almond production reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Almond production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

In 2022, the average almond yield in Bulgaria shrank to X kg per ha, which is down by X% on the year before. Overall, the yield, however, continues to indicate temperate growth. The pace of growth appeared the most rapid in 2013 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2014 to 2022, the growth of the average almond yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of almonds production in Bulgaria dropped to X ha, which is down by X% against 2021. Over the period under review, the total harvested area indicated noticeable growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, almond harvested area increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to almond production reached the peak figure at X ha in 2021, and then dropped in the following year.

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Almond Exports

Exports from Bulgaria

In 2022, the amount of almonds exported from Bulgaria surged to X tons, picking up by X% compared with the previous year. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, almond exports soared to $X in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X tons) was the main destination for almond exports from Bulgaria, accounting for a X% share of total exports. Moreover, almond exports to Romania exceeded the volume sent to the second major destination, Greece (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Croatia (X% per year).

In value terms, Romania ($X) remains the key foreign market for almonds exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Greece ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Croatia (X% per year).

Export Prices by Country

In 2022, the average almond export price amounted to $X per ton, declining by X% against the previous year. In general, the export price, however, recorded measured growth. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Croatia ($X 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 Greece (X%), while the prices for the other major destinations experienced a decline.

Almond Imports

Imports into Bulgaria

In 2022, almond imports into Bulgaria skyrocketed to X tons, jumping by X% compared with the year before. Overall, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, almond imports surged to $X in 2022. Over the period under review, imports saw a temperate increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest almond supplier to Bulgaria, with a X% share of total imports. Moreover, almond imports from Spain exceeded the figures recorded by the second-largest supplier, Greece (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and the Netherlands (X% per year).

In value terms, Spain ($X) constituted the largest supplier of almonds to Bulgaria, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total imports. It was followed by Greece, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Greece (X% per year).

Import Prices by Country

The average almond import price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Spain ($X per ton), while the price for Greece ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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