Bulgaria: Artichoke Market 2024

Artichoke Market Size in Bulgaria

In 2022, the Bulgarian artichoke market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, recorded a strong expansion. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Artichoke Production in Bulgaria

In value terms, artichoke production skyrocketed to $X in 2022 estimated in export price. In general, production posted a significant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

In 2022, the average artichoke yield in Bulgaria rose slightly to X kg per ha, increasing by X% on the previous year. Overall, the yield recorded a modest increase. The most prominent rate of growth was recorded in 2015 when the yield increased by X%. The artichoke yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield failed to regain momentum. 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 artichokes production in Bulgaria stood at X ha, almost unchanged from the year before. Over the period under review, the harvested area recorded strong growth. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X% against the previous year. The artichoke harvested area peaked in 2022 and is likely to see gradual growth in the near future.

Artichoke Exports

Exports from Bulgaria

In 2022, artichoke exports from Bulgaria totaled X tons, flattening at 2021 figures. Over the period under review, exports enjoyed resilient growth. The smallest decline of X% was in 2021. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, artichoke exports amounted to $X in 2022. Overall, exports showed modest growth. The smallest decline of X% was in 2021. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Greece (X tons) was the main destination for artichoke exports from Bulgaria, with a X% share of total exports. Moreover, artichoke exports to Greece exceeded the volume sent to the second major destination, the Netherlands (X kg), sevenfold.

From 2014 to 2022, the average annual rate of growth in terms of volume to Greece amounted to X%.

In value terms, the largest markets for artichoke exported from Bulgaria were Greece ($X) and the Netherlands ($X).

The Netherlands, with a CAGR of X.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average artichoke export price stood at $X per ton in 2022, flattening at the previous year. In general, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2021 a decrease of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Greece stood at $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%).

Artichoke Imports

Imports into Bulgaria

After two years of growth, supplies from abroad of artichokes decreased by X% to X tons in 2022. In general, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, artichoke imports fell rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest artichoke supplier to Bulgaria, with a X% share of total imports. Moreover, artichoke imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by Greece (X tons), with a X% share.

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

In value terms, the Netherlands ($X), Italy ($X) and Spain ($X) were the largest artichoke suppliers to Bulgaria, together accounting for X% of total imports.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average artichoke import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, continues to indicate a mild setback. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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