Bulgaria: Chili And Pepper Market 2024

Chili And Pepper Market Size in Bulgaria

The Bulgarian chili and pepper market declined to $X in 2022, which is down by X% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Chili and pepper consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Chili And Pepper Production in Bulgaria

In value terms, chili and pepper production shrank to $X in 2022 estimated in export price. In general, production, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Chili and pepper production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of chilies and peppers (green) in Bulgaria shrank slightly to X tons per ha in 2022, with a decrease of X% compared with 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the average chili and pepper yield hit record highs at X tons per ha in 2021, and then shrank slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of chilies and peppers (green) in Bulgaria dropped rapidly to X ha, with a decrease of X% compared with 2021. Overall, the harvested area continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to chili and pepper production reached the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

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Chili And Pepper Exports

Exports from Bulgaria

After six years of growth, shipments abroad of chilies and peppers (green) decreased by X% to X tons in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, chili and pepper exports declined dramatically to $X in 2022. Overall, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then plummeted in the following year.

Exports by Country

Romania (X tons) was the main destination for chili and pepper exports from Bulgaria, accounting for a X% share of total exports. Moreover, chili and pepper exports to Romania exceeded the volume sent to the second major destination, the Czech Republic (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a X% share.

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: the Czech Republic (X% per year) and Germany (X% per year).

In value terms, Romania ($X) remains the key foreign market for chilies and peppers (green) exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

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

Export Prices by Country

In 2022, the average chili and pepper export price amounted to $X per ton, surging by X% against the previous year. In general, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Hungary ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chili And Pepper Imports

Imports into Bulgaria

In 2022, after two years of growth, there was significant decline in purchases abroad of chilies and peppers (green), when their volume decreased by X% to X tons. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume 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. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, chili and pepper imports dropped dramatically to $X in 2022. In general, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest chili and pepper supplier to Bulgaria, accounting for a X% share of total imports. Moreover, chili and pepper imports from Turkey exceeded the figures recorded by the second-largest supplier, North Macedonia (X tons), threefold. Greece (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Turkey ($X) constituted the largest supplier of chilies and peppers (green) to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by North Macedonia ($X), with a 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 Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: North Macedonia (X% per year) and Greece (X% per year).

Import Prices by Country

The average chili and pepper import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price 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, chili and pepper import price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform