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Bulgaria - Asparagus - Market Analysis, Forecast, Size, Trends and Insights
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Bulgaria: Asparagus Market Overview 2021

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Asparagus Market Size in Bulgaria

The Bulgarian asparagus market reduced modestly to $X in 2019, shrinking by -X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Asparagus consumption peaked at $X in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.

Asparagus Production in Bulgaria

In value terms, asparagus production shrank to $X in 2019 estimated in export prices. In general, production enjoyed prominent growth. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2019, production remained at a lower figure.

The average yield of asparagus in Bulgaria totaled X tonnes per ha in 2019, leveling off at 2018 figures. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, the average asparagus yield attained the maximum level in 2019 and is likely to continue growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the asparagus harvested area in Bulgaria contracted to X ha, which is down by -X% against 2018 figures. Over the period under review, the harvested area saw a deep reduction. The pace of growth appeared the most rapid in 2011 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to asparagus production reached the peak figure at X ha in 2007; however, from 2008 to 2019, the harvested area remained at a lower figure.

Asparagus Exports

Exports from Bulgaria

In 2019, approx. X tonnes of asparagus were exported from Bulgaria; dropping by -X% on 2018. Over the period under review, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Exports peaked at X tonnes in 2014; however, from 2015 to 2019, exports remained at a lower figure.

In value terms, asparagus exports fell markedly to $X in 2019. In general, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2014; however, from 2015 to 2019, exports failed to regain the momentum.

Exports by Country

Greece (X kg), Spain (X kg) and the Netherlands (X kg) were the main destinations of asparagus exports from Bulgaria.

From 2007 to 2019, the biggest increases were in Spain (+X% per year), while shipments for the other leaders experienced a decline.

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

From 2007 to 2019, the average annual growth rate of value to Greece stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and the Netherlands (-X% per year).

Export Prices by Country

The average asparagus export price stood at $X per tonne in 2019, approximately reflecting the previous year. Overall, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2017; however, from 2018 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Greece ($X per tonne), while the average price for exports to Spain ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Greece, while the prices for the other major destinations experienced a decline.

Asparagus Imports

Imports into Bulgaria

For the fifth year in a row, Bulgaria recorded growth in purchases abroad of asparagus, which increased by X% to X tonnes in 2019. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure in 2019 and are expected to retain growth in the near future.

In value terms, asparagus imports expanded notably to $X in 2019. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure in 2019 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X tonnes), Spain (X tonnes) and Germany (X tonnes) were the main suppliers of asparagus imports to Bulgaria, with a combined X% share of total imports. These countries were followed by Greece, Slovakia and Italy, which together accounted for a further X 2007 to 2019, the biggest increases were in Slovakia (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

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

From 2007 to 2019, the average annual growth rate of value from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average asparagus import price stood at $X per tonne in 2019, remaining constant against the previous year. In general, the import price recorded a slight shrinkage. The pace of growth was the most pronounced in 2009 an increase of X% y-o-y. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for asparagus in the world?
+
China (8.2M tonnes) remains the largest asparagus consuming country worldwide, accounting for 87% of total volume. It was followed by the U.S. (249K tonnes), with a 2.7% share of total consumption. Peru (232K tonnes) ranked third in terms of total consumption with a 2.5% share.
What are the largest producers of asparagus in the world?
+
China (8.2M tonnes) remains the largest asparagus producing country worldwide, comprising approx. 87% of total volume. Moreover, asparagus production in China exceeded the figures recorded by the second-largest producer, Peru (369K tonnes), more than tenfold.
What are the leading suppliers of asparagus to Bulgaria?
+
In value terms, the Netherlands ($260K) constituted the largest supplier of asparagus to Bulgaria, comprising 54% of total imports. The second position in the ranking was occupied by Spain ($87K), with a 18% share of total imports. It was followed by Germany, with a 16% share.
What are the leading importers of asparagus from Bulgaria?
+
In value terms, Greece ($5.8K) remains the key foreign market for asparagus exports from Bulgaria, comprising 77% of total exports. The second position in the ranking was occupied by Spain ($1.2K), with a 16% share of total exports.
What is the average export price for asparagus in Bulgaria?
+
The average asparagus export price stood at $6,759 per tonne in 2019, therefore, remained relatively stable against the previous year.
What is the average import price for asparagus in Bulgaria?
+
The average asparagus import price stood at $4,863 per tonne in 2019, therefore, remained relatively stable against the previous year.

Product coverage:
• FCL 367 - Asparagus

This report provides an in-depth analysis of the asparagus 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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