Bulgaria: Vegetable Market 2024

Vegetable Market Size in Bulgaria

In 2023, the Bulgarian vegetable market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, the total consumption indicated temperate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level in 2023 and is expected to retain growth in the near future.

Vegetable Production in Bulgaria

In value terms, vegetable production expanded to $X in 2023 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

In 2023, the average yield of vegetables in Bulgaria reached X tons per ha, picking up by X% on 2022. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the yield increased by X%. Over the period under review, the average vegetable yield hit record highs at X tons per ha in 2017; however, from 2018 to 2023, the yield stood 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 2023, the total area harvested in terms of vegetables production in Bulgaria contracted to X ha, waning by X% against the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, the harvested area attained the peak level of X ha, and then reduced in the following year.

Vegetable Exports

Exports from Bulgaria

In 2023, approx. X tons of vegetables were exported from Bulgaria; shrinking by X% against 2022. Overall, exports, however, saw a slight expansion. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, vegetable exports stood at $X in 2023. In general, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Romania (X tons), Poland (X tons) and Germany (X tons) were the main destinations of vegetable exports from Bulgaria, together accounting for X% of total exports. Serbia, Greece, Hungary, the Czech Republic, Turkey, Italy, Spain and Pakistan lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Hungary (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vegetable exported from Bulgaria were Romania ($X), Germany ($X) and Poland ($X), with a combined X% share of total exports. Italy, Serbia, Hungary, the Czech Republic, Greece, Spain, Turkey and Pakistan lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2023, the average vegetable export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price saw a buoyant increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 more modest paces of growth.

Vegetable Imports

Imports into Bulgaria

In 2023, the amount of vegetables imported into Bulgaria rose markedly to X tons, increasing by X% compared with the previous year's figure. Over the period under review, total imports indicated resilient growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked in 2023 and are likely to see steady growth in the near future.

In value terms, vegetable imports soared to $X in 2023. Overall, imports continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), Greece (X tons) and Germany (X tons) were the main suppliers of vegetable imports to Bulgaria, together accounting for X% of total imports. Poland, France, North Macedonia, the Netherlands, Albania, Egypt, Serbia, Austria and Kyrgyzstan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, 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, Turkey ($X) constituted the largest supplier of vegetables to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by Greece ($X), with an X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and Germany (X% per year).

Import Prices by Country

The average vegetable import price stood at $X per ton in 2023, rising by X% against the previous year. In general, import price indicated buoyant growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, vegetable import price increased by X% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform