Bulgaria: Vegetable Market 2022

Vegetable Market Size in Bulgaria

In 2021, the Bulgarian vegetable market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2018 indices. Vegetable consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Vegetable Production in Bulgaria

In value terms, vegetable production amounted to $X in 2021 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2018 indices. The growth pace was the most rapid in 2016 when the production volume increased by X%. Vegetable production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

The average yield of vegetables in Bulgaria rose significantly to X tonnes per ha in 2021, picking up by X% against 2020. The yield figure increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the yield increased by X%. Over the period under review, the average vegetable yield attained the maximum level in 2021 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of vegetables were harvested in Bulgaria; falling by -X% against the previous year. Overall, the harvested area showed a pronounced contraction. The growth pace was the most rapid in 2017 when the harvested area increased by X% against the previous year. The vegetable harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area stood at a somewhat lower figure.

Vegetable Exports

Exports from Bulgaria

In 2021, exports of vegetables from Bulgaria surged to X tonnes, with an increase of X% compared with the year before. Over the period under review, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, vegetable exports soared to $X in 2021. In general, exports saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tonnes) was the main destination for vegetable exports from Bulgaria, with a X% share of total exports. Moreover, vegetable exports to Romania exceeded the volume sent to the second major destination, Germany (X tonnes), threefold. The Czech Republic (X tonnes) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual growth rate of volume to Romania amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and the Czech Republic (+X% per year).

In value terms, the largest markets for vegetable exported from Bulgaria were Romania ($X), Germany ($X) and the Czech Republic ($X), with a combined X% share of total exports. Hungary, Poland and Greece lagged somewhat behind, together comprising a further X terms of the main countries of destination, Hungary, with a CAGR of +X%, recorded 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 vegetable export price stood at $X per tonne in 2021, picking up by X% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vegetable export price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per tonne), while the average price for exports to Greece ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Imports

Imports into Bulgaria

In 2021, the amount of vegetables imported into Bulgaria stood at X tonnes, growing by X% on the previous year's figure. Overall, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, vegetable imports surged to $X in 2021. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Turkey (X tonnes) constituted the largest vegetable supplier to Bulgaria, accounting for a X% share of total imports. Moreover, vegetable imports from Turkey exceeded the figures recorded by the second-largest supplier, Greece (X tonnes), threefold. The third position in this ranking was occupied by Germany (X tonnes), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+X% per year) and Germany (+X% per year).

In value terms, Turkey ($X) constituted the largest supplier of vegetable to Bulgaria, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with an X% share of total imports. It was followed by Greece, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Greece (-X% per year).

Import Prices by Country

In 2021, the average vegetable import price amounted to $X per tonne, growing by X% against the previous year. Overall, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 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.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Poland ($X per tonne), while the price for France ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform