Bulgaria: Poppy Seed Market 2024

Poppy Seed Market Size in Bulgaria

In 2022, the Bulgarian poppy seed market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption enjoyed a prominent increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Poppy Seed Production in Bulgaria

In value terms, poppy seed production fell to $X in 2022 estimated in export price. Overall, the total production indicated a measured increase 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 increased by X% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

In 2022, the average poppy seed yield in Bulgaria reached X kg per ha, standing approx. at the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the yield attained the peak level of X kg per ha. From 2017 to 2022, the growth of the average poppy seed yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of poppy seed were harvested in Bulgaria; approximately equating the year before. Over the period under review, the harvested area continues to indicate slight growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The poppy seed harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Poppy Seed Exports

Exports from Bulgaria

In 2022, shipments abroad of poppy seed decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a sharp curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, poppy seed exports surged to $X in 2022. Overall, exports continue to indicate a dramatic slump. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for poppy seed exports from Bulgaria, accounting for a X% share of total exports. Moreover, poppy seed exports to Germany exceeded the volume sent to the second major destination, the UK (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled X%.

In value terms, Germany ($X) remains the key foreign market for poppy seed exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%.

Export Prices by Country

The average poppy seed export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%).

Poppy Seed Imports

Imports into Bulgaria

In 2022, overseas purchases of poppy seed were finally on the rise to reach X tons after two years of decline. Overall, imports, however, saw a relatively flat trend pattern. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, poppy seed imports skyrocketed to $X in 2022. Over the period under review, imports posted a pronounced increase. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Hungary (X tons) and Germany (X tons) were the main suppliers of poppy seed imports to Bulgaria, together comprising X% of total imports.

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

In value terms, the Netherlands ($X) constituted the largest supplier of poppy seed to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Hungary ($X), with a X% share of total imports. It was followed by Greece, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Greece (X% per year).

Import Prices by Country

In 2022, the average poppy seed import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price continues to indicate tangible growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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