Bulgaria: Market for Rape Or Colza Seed 2024

Market Size for Rape Or Colza Seed in Bulgaria

After two years of growth, the Bulgarian rape and colza seed market decreased by X% to $X in 2022. Overall, consumption, however, saw a resilient increase. Rape and colza seed consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Rape Or Colza Seed in Bulgaria

In value terms, rape and colza seed production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

The average yield of rape or colza seed in Bulgaria declined to X tons per ha in 2022, with a decrease of X% against 2021 figures. Overall, the yield indicated a notable increase from 2012 to 2022: its figure 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, rape and colza seed yield increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2017 to 2022, the growth of the average rape and colza seed yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The rape and colza seed harvested area in Bulgaria shrank slightly to X ha in 2022, waning by X% on 2021. Overall, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2015 to 2022, the growth of the rape and colza seed harvested area failed to regain momentum.

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Exports of Rape Or Colza Seed

Exports from Bulgaria

In 2022, approx. X tons of rape or colza seed were exported from Bulgaria; waning by X% on the year before. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, rape and colza seed exports declined rapidly to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X tons), the Netherlands (X tons) and Spain (X tons) were the main destinations of rape and colza seed exports from Bulgaria, together accounting for 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 Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rape and colza seed exported from Bulgaria were Belgium ($X), the Netherlands ($X) and Spain ($X), together comprising X% of total exports.

In terms of the main countries of destination, Spain, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rape and colza seed export price stood at $X per ton in 2022, leveling off at the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

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

Imports of Rape Or Colza Seed

Imports into Bulgaria

After three years of growth, overseas purchases of rape or colza seed decreased by X% to X tons in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, rape and colza seed imports dropped sharply to $X in 2022. Over the period under review, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest supplier of rape and colza seed to Bulgaria, with a X% share of total imports. Moreover, rape and colza seed imports from Ukraine exceeded the figures recorded by the second-largest supplier, Romania (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Moldova (X% per year).

In value terms, Ukraine ($X) constituted the largest supplier of rape or colza seed to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by Romania ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Moldova (X% per year).

Import Prices by Country

The average rape and colza seed import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, recorded a abrupt downturn. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Moldova ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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