Bulgaria: Fig Market 2024

Fig Market Size in Bulgaria

In 2022, the Bulgarian fig market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, recorded a strong expansion. As a result, consumption attained the peak level of $X, and then declined rapidly in the following year.

Fig Production in Bulgaria

In value terms, fig production soared to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt shrinkage. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of figs in Bulgaria soared to X tons per ha in 2022, with an increase of X% on 2021 figures. Over the period under review, the yield enjoyed significant growth. As a result, the yield attained the peak level and is likely to continue 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, the harvested area of figs in Bulgaria dropped sharply to X ha, with a decrease of X% compared with the year before. In general, the harvested area continues to indicate a significant contraction. The fig harvested area peaked at X ha in 2019; however, from 2020 to 2022, the harvested area stood at a somewhat lower figure.

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Fig Exports

Exports from Bulgaria

In 2022, shipments abroad of figs increased by X% to X tons, rising for the second consecutive year after four years of decline. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, fig exports soared to $X in 2022. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Germany (X tons), Poland (X tons) and Romania (X tons) were the main destinations of fig exports from Bulgaria, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Romania ($X) constituted the largest markets for fig exported from Bulgaria worldwide, with a combined X% share of total exports. The Czech Republic, France, Hungary, Slovakia, Austria and Lithuania lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, recorded the highest rates of growth with regard to 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 fig export price amounted to $X per ton, reducing by X% against the previous year. Overall, export price indicated a perceptible 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. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then dropped remarkably in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Romania ($X per ton) and France ($X per ton), while the average price for exports to Austria ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

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

Fig Imports

Imports into Bulgaria

Fig imports into Bulgaria amounted to X tons in 2022, stabilizing at the previous year. Overall, imports showed significant growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, fig imports declined significantly to $X in 2022. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then plummeted in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest fig supplier to Bulgaria, accounting for a X% share of total imports. Moreover, fig imports from Turkey exceeded the figures recorded by the second-largest supplier, Greece (X tons), more than tenfold.

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

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

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: Germany (X% per year) and Greece (X% per year).

Import Prices by Country

In 2022, the average fig import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then shrank markedly in the following year.

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 Germany ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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