Bulgaria: Green Bean Market 2024

Green Bean Market Size in Bulgaria

In 2022, the Bulgarian green bean market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Green Bean Production in Bulgaria

In value terms, green bean production amounted to $X in 2022 estimated in export price. Overall, production recorded a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

In 2022, the average yield of green beans in Bulgaria soared to X tons per ha, jumping by X% on the previous year's figure. In general, the yield enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the average green bean yield reached the peak level in 2022 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of green beans were harvested in Bulgaria; waning by X% against the previous year. Overall, the harvested area continues to indicate a deep slump. The pace of growth was the most pronounced in 2016 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha. From 2017 to 2022, the growth of the green bean harvested area failed to regain momentum.

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Green Bean Exports

Exports from Bulgaria

In 2022, the amount of green beans exported from Bulgaria reduced markedly to X tons, which is down by X% against 2021. In general, exports, however, recorded resilient growth. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, green bean exports contracted significantly to $X in 2022. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Romania (X tons) was the main destination for green bean exports from Bulgaria, with a X% share of total exports. Moreover, green bean exports to Romania exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Romania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Germany (X% per year).

In value terms, the largest markets for green bean exported from Bulgaria were Romania ($X), the UK ($X) and Germany ($X), together accounting for X% of total exports.

Germany, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average green bean export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, recorded a slight descent. The export price peaked at $X per ton in 2013; however, from 2014 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 United States ($X per ton), while the average price for exports to Romania ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Green Bean Imports

Imports into Bulgaria

In 2022, approx. X tons of green beans were imported into Bulgaria; with an increase of X% on the previous year's figure. Overall, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, green bean imports soared to $X in 2022. In general, imports showed a measured expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), Greece (X tons) and Albania (X tons) were the main suppliers of green bean imports to Bulgaria, together comprising X% of total imports. Belgium and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Greece ($X) and Germany ($X) were the largest green bean suppliers to Bulgaria, with a combined X% share of total imports.

Among the main suppliers, Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 green bean import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, showed a perceptible setback. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform