Bulgaria: Tea Market Overview 2021

Tea Market Size in Bulgaria

In 2020, the Bulgarian tea market decreased by -X% to $X, falling for the second year in a row after six years of growth. In general, consumption, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2016 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Tea Exports

Exports from Bulgaria

Tea exports from Bulgaria surged to X tonnes in 2020, rising by X% compared with the previous year. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure in 2020 and are likely to see gradual growth in the near future.

In value terms, tea exports declined to $X in 2020. Over the period under review, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2019, and then fell in the following year.

Exports by Country

France (X tonnes) was the main destination for tea exports from Bulgaria, accounting for a X% share of total exports. Moreover, tea exports to France exceeded the volume sent to the second major destination, Austria (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to France amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+X% per year) and Greece (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value to France stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+X% per year) and Greece (+X% per year).

Export Prices by Country

The average tea export price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. Over the period under review, the export price recorded a perceptible setback. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per tonne), while the average price for exports to Austria ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced a decline.

Tea Imports

Imports into Bulgaria

In 2020, supplies from abroad of tea decreased by -X% to X tonnes, falling for the second year in a row after three years of growth. In general, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, tea imports dropped to $X in 2020. Over the period under review, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tonnes) constituted the largest supplier of tea to Bulgaria, accounting for a X% share of total imports. Moreover, tea imports from China exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tonnes), threefold. Hungary (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+X% per year) and Hungary (+X% per year).

In value terms, China ($X) constituted the largest supplier of tea to Bulgaria, comprising X% of total imports. The second position in the ranking was occupied by Sri Lanka ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2020, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+X% per year) and the United Arab Emirates (+X% per year).

Import Prices by Country

In 2020, the average tea import price amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2012 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the United Arab Emirates ($X per tonne), while the price for Malawi ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malawi, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tea in the world?

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The country with the largest volume of tea consumption was China (5.6M tonnes), accounting for 56% of total volume. Moreover, tea consumption in China exceeded the figures recorded by the second-largest consumer, India (1.3M tonnes), fourfold. Turkey (269K tonnes) ranked third in terms of total consumption with a 2.7% share.

What are the largest producers of tea in the world?

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China (6M tonnes) constituted the country with the largest volume of tea production, accounting for 61% of total volume. Moreover, tea production in China exceeded the figures recorded by the second-largest producer, India (1.4M tonnes), fourfold. The third position in this ranking was occupied by Kenya (467K tonnes), with a 4.7% share.

What are the leading suppliers of tea to Bulgaria?

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In value terms, China ($2.1M) constituted the largest supplier of tea to Bulgaria, comprising 51% of total imports. The second position in the ranking was occupied by Sri Lanka ($595K), with a 14% share of total imports. It was followed by the United Arab Emirates, with a 5.9% share.

What are the leading importers of tea from Bulgaria?

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In value terms, France ($330K) remains the key foreign market for tea exports from Bulgaria, comprising 84% of total exports. The second position in the ranking was occupied by Austria ($4K), with a 1% share of total exports.

What is the average export price for tea in Bulgaria?

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In 2020, the average tea export price amounted to $4,253 per tonne, reducing by -32.4% against the previous year.

What is the average import price for tea in Bulgaria?

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The average tea import price stood at $5,247 per tonne in 2020, with a decrease of -7% against the previous year.