Bulgaria: Nuts Market 2024

Nuts Market Size in Bulgaria

For the third consecutive year, the Bulgarian nuts market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, the total consumption indicated buoyant growth 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. Based on 2022 figures, consumption decreased by X% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Nuts Production in Bulgaria

In value terms, nuts production rose significantly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent 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. Based on 2022 figures, production decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The average yield of nuts in Bulgaria rose significantly to X kg per ha in 2022, growing by X% compared with the previous year's figure. In general, the yield, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2013 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2014 to 2022, the growth of the average nuts yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The nuts harvested area in Bulgaria dropped to X ha in 2022, waning by X% on 2021. Overall, the harvested area, however, saw a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The nuts harvested area peaked at X ha in 2021, and then declined in the following year.

Nuts Exports

Exports from Bulgaria

In 2022, the amount of nuts exported from Bulgaria reduced notably to X tons, dropping by X% against 2021. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, nuts exports contracted significantly to $X in 2022. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Romania (X tons), Greece (X tons) and Italy (X tons) were the main destinations of nuts exports from Bulgaria, with a combined X% share of total exports. Turkey, Germany, Albania and North Macedonia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Romania ($X) emerged as the key foreign market for nuts exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Romania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average nuts export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

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

Nuts Imports

Imports into Bulgaria

After two years of growth, supplies from abroad of nuts decreased by X% to X tons in 2022. Overall, imports, however, showed a moderate expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, nuts imports reduced rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2021, and then dropped sharply in the following year.

Imports by Country

The United States (X tons), Greece (X tons) and Spain (X tons) were the main suppliers of nuts imports to Bulgaria, together accounting for 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 Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Spain ($X) and Greece ($X) were the largest nuts suppliers to Bulgaria, together comprising X% of total imports.

Among the main suppliers, Spain, with a CAGR of X%, recorded 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 nuts import price amounted to $X per ton, reducing by X% against the previous year. Overall, the import price, however, showed a pronounced expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then dropped markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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