Bulgaria: Frozen Sweet Corn Market 2024

Frozen Sweet Corn Market Size in Bulgaria

In 2022, the Bulgarian frozen sweet corn market was finally on the rise to reach $X after three years of decline. Overall, consumption saw a mild increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Frozen Sweet Corn Production in Bulgaria

In value terms, frozen sweet corn production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a dramatic descent. The pace of growth appeared the most rapid in 2013 when the production volume decreased by X% against the previous year. Frozen sweet corn production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of frozen sweet corn in Bulgaria amounted to less than X kg per ha in 2022, approximately mirroring 2021. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of frozen sweet corn were harvested in Bulgaria; stabilizing at 2021. In general, the harvested area recorded a relatively flat trend pattern.

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Frozen Sweet Corn Exports

Exports from Bulgaria

In 2022, after two years of growth, there was significant decline in overseas shipments of frozen sweet corn, when their volume decreased by X% to X tons. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, frozen sweet corn exports skyrocketed to $X in 2022. Overall, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Italy (X% per year).

In value terms, Hungary ($X) emerged as the key foreign market for frozen sweet corn exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Kosovo ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kosovo (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average frozen sweet corn export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

Frozen Sweet Corn Imports

Imports into Bulgaria

In 2022, purchases abroad of frozen sweet corn increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen sweet corn imports skyrocketed to $X in 2022. In general, total imports 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, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Moldova (X tons), Croatia (X tons) and Hungary (X tons) were the main suppliers of frozen sweet corn imports to Bulgaria, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Moldova ($X), Croatia ($X) and Hungary ($X) were the largest frozen sweet corn suppliers to Bulgaria, together comprising X% of total imports.

In terms of the main suppliers, Croatia, with a CAGR of X%, saw 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

The average frozen sweet corn import price stood at $X per ton in 2022, declining 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 hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Croatia ($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 more modest paces of growth.

Source: IndexBox Platform

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