Bulgaria: Dried Grapes Market 2024

Dried Grapes Market Size in Bulgaria

The Bulgarian dried grapes market rose notably to $X in 2022, surging by 11% against the previous year. In general, consumption saw a relatively flat trend pattern. Dried grapes consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Dried Grapes Production in Bulgaria

In value terms, dried grapes production reduced to $X in 2022 estimated in export price. In general, production saw a deep contraction. The growth pace was the most rapid in 2021 with an increase of 1.6% against the previous year. Dried grapes production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Dried Grapes Exports

Exports from Bulgaria

Dried grapes exports from Bulgaria contracted markedly to X tons in 2022, waning by -31% on the previous year. Overall, exports continue to indicate a deep slump. The growth pace was the most rapid in 2016 with an increase of 589% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, dried grapes exports amounted to $X in 2022. In general, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2016 with an increase of 310% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for dried grapes exports from Bulgaria, accounting for a 61% share of total exports. Moreover, dried grapes exports to Turkey exceeded the volume sent to the second major destination, Romania (X tons), twofold. The third position in this ranking was held by North Macedonia (X tons), with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey amounted to +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-8.6% per year) and North Macedonia (+51.4% per year).

In value terms, Turkey ($X) emerged as the key foreign market for dried grapes exports from Bulgaria, comprising 54% of total exports. The second position in the ranking was held by Romania ($X), with a 26% share of total exports. It was followed by Germany, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey totaled +19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-7.9% per year) and Germany (+34.2% per year).

Export Prices by Country

In 2022, the average dried grapes export price amounted to $X per ton, growing by 46% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the average export price increased by 55%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($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 Albania (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Dried Grapes Imports

Imports into Bulgaria

Dried grapes imports into Bulgaria contracted modestly to X tons in 2022, shrinking by -2.1% on the previous year. In general, imports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2020 with an increase of 34%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, dried grapes imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 29% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Iran (X tons), Turkey (X tons) and India (X tons) were the main suppliers of dried grapes imports to Bulgaria, with a combined 70% share of total imports. Chile, Pakistan, Lithuania, Germany, Uzbekistan and Greece lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +75.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Iran ($X), Turkey ($X) and Chile ($X) constituted the largest dried grapes suppliers to Bulgaria, with a combined 73% share of total imports. India, Germany, Lithuania, Uzbekistan, Greece and Pakistan lagged somewhat behind, together accounting for a further 19%.

Lithuania, with a CAGR of +61.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 dried grapes import price amounted to $X per ton, jumping by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Chile ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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