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

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Chestnut Market Size in Bulgaria

In 2019, the Bulgarian chestnut market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. In general, the total consumption indicated modest growth from 2012 to 2019: its value increased at an average annual rate of +X% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Chestnut consumption peaked at $X in 2018, and then fell rapidly in the following year.

Chestnut Production in Bulgaria

In value terms, chestnut production soared to $X in 2019 estimated in export prices. Over the period under review, production saw a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production attained the maximum level in 2019 and is likely to see steady growth in the immediate term.

In 2019, the average chestnut yield in Bulgaria surged to X tonnes per ha, with an increase of X% on 2018 figures. Overall, the yield enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. The chestnut yield peaked in 2019 and is expected to retain 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, approx. X ha of chestnuts were harvested in Bulgaria; approximately reflecting the previous year. The harvested area increased at an average annual rate of +X% from 2012 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to chestnut production reached the peak figure at X ha in 2016; however, from 2017 to 2019, the harvested area stood at a somewhat lower figure.

Chestnut Exports

Exports from Bulgaria

In 2019, approx. X tonnes of chestnuts were exported from Bulgaria; growing by X% against the previous year's figure. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2017; however, from 2018 to 2019, exports remained at a lower figure.

In value terms, chestnut exports surged to $X in 2019. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2013 when exports increased by X% year-to-year. Exports peaked in 2019 and are likely to see gradual growth in the near future.

Exports by Country

Italy (X tonnes) was the main destination for chestnut exports from Bulgaria, accounting for a X% share of total exports. Moreover, chestnut exports to Italy exceeded the volume sent to the second major destination, Poland (X tonnes), twofold.

From 2012 to 2019, the average annual rate of growth in terms of volume to Italy amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Germany (+X% per year).

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

From 2012 to 2019, the average annual rate of growth in terms of value to Italy totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Germany (+X% per year).

Export Prices by Country

The average chestnut export price stood at $X per tonne in 2019, picking up by X% against the previous year. Overall, the export price showed a strong expansion. The pace of growth appeared the most rapid in 2013 an increase of X% y-o-y. The export price peaked in 2019 and is likely to see gradual growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to Italy ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Chestnut Imports

Imports into Bulgaria

In 2019, overseas purchases of chestnuts decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Overall, imports, however, saw slight growth. The pace of growth was the most pronounced in 2013 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes. From 2014 to 2019, the growth imports failed to regain the momentum.

In value terms, chestnut imports declined markedly to $X in 2019. In general, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Greece (X tonnes) constituted the largest chestnut supplier to Bulgaria, accounting for a X% share of total imports. Moreover, chestnut imports from Greece exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), twofold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2012 to 2019, the average annual rate of growth in terms of volume from Greece amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and the Netherlands (+X% per year).

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

From 2012 to 2019, the average annual rate of growth in terms of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (-X% per year) and Turkey (-X% per year).

Import Prices by Country

The average chestnut import price stood at $X per tonne in 2019, jumping by X% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2019: its price increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, chestnut import price increased by +X% against 2017 indices. The growth pace was the most rapid in 2014 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average import prices failed to regain the momentum.

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

From 2012 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 a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chestnuts in the world?
+
China (2M tonnes) remains the largest chestnut consuming country worldwide, accounting for 82% of total volume. Moreover, chestnut consumption in China exceeded the figures recorded by the second-largest consumer, Bolivia (87K tonnes), more than tenfold. Italy (77K tonnes) ranked third in terms of total consumption with a 3.1% share.
What are the largest producers of chestnuts in the world?
+
China (2M tonnes) constituted the country with the largest volume of chestnut production, accounting for 83% of total volume. Moreover, chestnut production in China exceeded the figures recorded by the second-largest producer, Bolivia (87K tonnes), more than tenfold. The third position in this ranking was occupied by Turkey (64K tonnes), with a 2.6% share.
What are the leading suppliers of chestnuts to Bulgaria?
+
In value terms, Germany ($187K) constituted the largest supplier of chestnut to Bulgaria, comprising 70% of total imports. The second position in the ranking was occupied by Greece ($50K), with a 19% share of total imports. It was followed by Turkey, with a 5.1% share.
What are the leading importers of chestnuts from Bulgaria?
+
In value terms, Italy ($1.7M) remains the key foreign market for chestnut exports from Bulgaria, comprising 57% of total exports. The second position in the ranking was occupied by Poland ($792K), with a 27% share of total exports.
What is the average export price for chestnuts in Bulgaria?
+
In 2019, the average chestnut export price amounted to $3,433 per tonne, picking up by 38% against the previous year.
What is the average import price for chestnuts in Bulgaria?
+
The average chestnut import price stood at $2,486 per tonne in 2019, increasing by 32% against the previous year.

Product coverage:
• FCL 220 - Chestnuts

This report provides an in-depth analysis of the chestnut 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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