Bulgaria: Frozen Fruit Market 2024

Frozen Fruit Market Size in Bulgaria

In 2022, after three years of growth, there was decline in the Bulgarian frozen fruit market, when its value decreased by X% to $X. Over the period under review, consumption, however, continues to indicate a buoyant expansion. Frozen fruit consumption peaked at $X in 2021, and then contracted in the following year.

Frozen Fruit Production in Bulgaria

In value terms, frozen fruit production skyrocketed to $X in 2022 estimated in export price. The total output value 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 in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the immediate term.

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Frozen Fruit Exports

Exports from Bulgaria

In 2022, frozen fruit exports from Bulgaria declined to X tons, which is down by X% against the previous year's figure. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen fruit exports contracted to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Italy (X tons), Germany (X tons) and France (X tons) were the main destinations of frozen fruit exports from Bulgaria, together accounting for X% of total exports. Austria, Hungary, Poland, the Netherlands, the UK, Belgium, the Czech Republic, Greece and Switzerland lagged somewhat behind, together comprising a further X%.

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

In value terms, Italy ($X), France ($X) and Germany ($X) appeared to be the largest markets for frozen fruit exported from Bulgaria worldwide, with a combined X% share of total exports. Austria, Hungary, Poland, the Netherlands, Belgium, the UK, Switzerland, Greece and the Czech Republic lagged somewhat behind, together accounting for a further X%.

The Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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

The average frozen fruit export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 an increase of X%. The export price peaked in 2022 and is likely to see steady 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 Belgium ($X per ton), while the average price for exports to the Czech Republic ($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 Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fruit Imports

Imports into Bulgaria

After two years of growth, purchases abroad of frozen fruits decreased by X% to X tons in 2022. Overall, imports showed a pronounced setback. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, frozen fruit imports declined notably to $X in 2022. Over the period under review, imports, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted sharply in the following year.

Imports by Country

Greece (X tons), Ukraine (X tons) and Poland (X tons) were the main suppliers of frozen fruit imports to Bulgaria, with a combined X% share of total imports.

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

In value terms, Ukraine ($X), Romania ($X) and Poland ($X) appeared to be the largest frozen fruit suppliers to Bulgaria, with a combined X% share of total imports.

Among the main suppliers, Ukraine, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 frozen fruit import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then reduced modestly 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 Italy ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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