Bulgaria: Rye Market 2024

Rye Market Size in Bulgaria

The Bulgarian rye market reduced to $X in 2022, dropping by X% against the previous year. Overall, consumption saw a abrupt curtailment. Rye consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Rye Production in Bulgaria

In value terms, rye production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of rye in Bulgaria shrank to X tons per ha, waning by X% against the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha, and then shrank in the following year. 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 rye were harvested in Bulgaria; with a decrease of X% compared with the previous year's figure. Over the period under review, the harvested area recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the harvested area dedicated to rye production attained the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

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Rye Exports

Exports from Bulgaria

In 2022, rye exports from Bulgaria dropped markedly to X tons, with a decrease of X% compared with the year before. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, rye exports plummeted to $X in 2022. Over the period under review, exports continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X tons) was the main destination for rye exports from Bulgaria, with a X% share of total exports. Moreover, rye exports to Greece exceeded the volume sent to the second major destination, Austria (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece amounted to X%.

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

From 2012 to 2022, the average annual growth rate of value to Greece amounted to X%.

Export Prices by Country

The average rye export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price enjoyed a tangible expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Greece amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (X%), while the prices for the other major destinations experienced a decline.

Rye Imports

Imports into Bulgaria

In 2022, imports of rye into Bulgaria reduced to X tons, with a decrease of X% against the previous year's figure. Over the period under review, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, rye imports dropped dramatically to $X in 2022. Overall, imports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest rye supplier to Bulgaria, with a X% share of total imports. Moreover, rye imports from Germany exceeded the figures recorded by the second-largest supplier, Romania (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Austria (X% per year).

In value terms, Germany ($X), Romania ($X) and Austria ($X) appeared to be the largest rye suppliers to Bulgaria, with a combined X% share of total imports.

Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 rye import price amounted to $X per ton, waning by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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