Bulgaria: Citrus Fruit Market 2024

Citrus Fruit Market Size in Bulgaria

In 2022, after two years of growth, there was significant decline in the Bulgarian citrus fruit market, when its value decreased by X% to $X. In general, the total consumption indicated a strong expansion 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. Citrus fruit consumption peaked at $X in 2021, and then contracted in the following year.

Citrus Fruit Exports

Exports from Bulgaria

In 2022, citrus fruit exports from Bulgaria was estimated at X tons, with an increase of X% compared with the year before. Over the period under review, exports showed a prominent increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, citrus fruit exports rose notably to $X in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Poland (X tons) was the main destination for citrus fruit exports from Bulgaria, with a X% share of total exports. Moreover, citrus fruit exports to Poland exceeded the volume sent to the second major destination, Hungary (X tons), threefold. The third position in this ranking was held by Romania (X tons), with a X% share.

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

In value terms, Poland ($X) remains the key foreign market for citrus fruits exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Hungary ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

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

Export Prices by Country

In 2022, the average citrus fruit export price amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

Citrus Fruit Imports

Imports into Bulgaria

In 2022, purchases abroad of citrus fruits decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated a buoyant expansion 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. Based on 2022 figures, imports decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, citrus fruit imports fell to $X in 2022. Overall, imports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Turkey (X tons), Greece (X tons) and Germany (X tons) were the main suppliers of citrus fruit imports to Bulgaria, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

In 2022, the average citrus fruit import price amounted to $X per ton, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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