Bulgaria: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Bulgaria

After two years of growth, the Bulgarian prepared frozen vegetable market decreased by -X% to $X in 2020. Over the period under review, consumption, however, recorded a resilient expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Prepared frozen vegetable consumption peaked at $X in 2019, and then dropped in the following year.

Prepared Frozen Vegetable Production in Bulgaria

In value terms, prepared frozen vegetable production dropped to $X in 2020 estimated in export prices. Over the period under review, production, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2014 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2020, production failed to regain the momentum.

Prepared Frozen Vegetable Exports

Exports from Bulgaria

In 2020, the amount of frozen vegetables and mixtures of vegetables (prepared or preserved) exported from Bulgaria contracted rapidly to X tons, reducing by -X% on 2019 figures. Overall, exports, however, continue to indicate temperate growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tons in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

In value terms, prepared frozen vegetable exports contracted markedly to $X in 2020. In general, exports, however, showed a moderate increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2019, and then shrank dramatically in the following year.

Exports by Country

Greece (X tons) was the main destination for prepared frozen vegetable exports from Bulgaria, accounting for a X% share of total exports. Moreover, prepared frozen vegetable exports to Greece exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. The third position in this ranking was occupied by Romania (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Greece stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and Romania (+X% per year).

In value terms, Greece ($X) remains the key foreign market for prepared frozen vegetable exports from Bulgaria, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Greece stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and Romania (+X% per year).

Export Prices by Country

In 2020, the average prepared frozen vegetable export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price continues to indicate a slight expansion. The pace of growth appeared the most rapid in 2018 an increase of X% y-o-y. Over the period under review, average export prices reached the maximum in 2020 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Greece ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced mixed trend patterns.

Prepared Frozen Vegetable Imports

Imports into Bulgaria

In 2020, supplies from abroad of frozen vegetables and mixtures of vegetables (prepared or preserved) decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. Overall, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Imports peaked at X tons in 2019, and then contracted in the following year.

In value terms, prepared frozen vegetable imports reduced remarkably to $X in 2020. In general, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Imports peaked at $X in 2019, and then shrank sharply in the following year.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Turkey (X tons) were the main suppliers of prepared frozen vegetable imports to Bulgaria, together comprising X% of total imports. These countries were followed by Germany, Spain and Peru, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Turkey ($X) and Belgium ($X) were the largest prepared frozen vegetable suppliers to Bulgaria, together comprising X% of total imports.

Among the main suppliers, Germany (+X% per year) recorded the highest rates of growth with regard to 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 2020, the average prepared frozen vegetable import price amounted to $X per ton, waning by -X% against the previous year. Overall, the import price saw a slight contraction. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. As a result, import price reached the peak level of $X per ton. from 2014 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Peru ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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