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Bulgaria - Walnuts - Market Analysis, Forecast, Size, Trends and Insights
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Bulgaria: Walnut Market Overview 2021

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Walnut Market Size in Bulgaria

The Bulgarian walnut market soared to $X in 2019, increasing by X% against the previous year. Overall, consumption showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Walnut consumption peaked at $X in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.

Walnut Production in Bulgaria

In value terms, walnut production reduced to $X in 2019 estimated in export prices. Over the period under review, production, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Walnut production peaked at $X in 2016; however, from 2017 to 2019, production failed to regain the momentum.

The average yield of walnuts in Bulgaria reduced to X kg per ha in 2019, with a decrease of -X% against 2018. Overall, the yield, however, posted a pronounced increase. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Over the period under review, the average walnut yield reached the maximum level at X tonnes per ha in 2013; however, from 2014 to 2019, 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 2019, approx. X ha of walnuts were harvested in Bulgaria; with an increase of X% on the year before. Overall, the harvested area continues to indicate tangible growth. The pace of growth was the most pronounced in 2010 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to walnut production attained the peak figure in 2019 and is expected to retain growth in the near future.

Walnut Exports

Exports from Bulgaria

In 2019, overseas shipments of walnuts decreased by -X% to X tonnes, falling for the second consecutive year after five years of growth. In general, exports recorded a pronounced curtailment. The growth pace was the most rapid in 2017 when exports increased by X% year-to-year. As a result, exports reached the peak of X tonnes. From 2018 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, walnut exports dropped remarkably to $X in 2019. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2017; however, from 2018 to 2019, exports remained at a lower figure.

Exports by Country

Romania (X tonnes) was the main destination for walnut exports from Bulgaria, with a X% share of total exports. Moreover, walnut exports to Romania exceeded the volume sent to the second major destination, Turkey (X tonnes), twofold. Italy (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Romania stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-X% per year) and Italy (-X% per year).

In value terms, Romania ($X), Turkey ($X) and Italy ($X) constituted the largest markets for walnut exported from Bulgaria worldwide, with a combined X% share of total exports.

Romania (+X% per year) saw the highest rates of growth with regard to 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

The average walnut export price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. Over the period under review, the export price recorded a slight reduction. The pace of growth appeared the most rapid in 2016 an increase of X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2017 to 2019, the growth in terms of the average export prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Austria, while the prices for the other major destinations experienced mixed trend patterns.

Walnut Imports

Imports into Bulgaria

In 2019, purchases abroad of walnuts decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a deep setback. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at X tonnes in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, walnut imports declined to $X in 2019. Overall, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2019, imports remained at a lower figure.

Imports by Country

Chile (X tonnes), Romania (X tonnes) and the U.S. (X tonnes) were the main suppliers of walnut imports to Bulgaria, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in Chile (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), the U.S. ($X) and Romania ($X) appeared to be the largest walnut suppliers to Bulgaria, with a combined X% share of total imports.

Chile (+X% per year) recorded the highest growth rate of 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

The average walnut import price stood at $X per tonne in 2019, growing by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. The import price peaked at $X per tonne in 2009; however, from 2010 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Romania, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for walnuts in the world?
+
China (2.5M tonnes) constituted the country with the largest volume of walnut consumption, comprising approx. 56% of total volume. Moreover, walnut consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (469K tonnes), fivefold. The third position in this ranking was occupied by Iran (338K tonnes), with a 7.4% share.
What are the largest producers of walnuts in the world?
+
China (2.5M tonnes) constituted the country with the largest volume of walnut production, comprising approx. 55% of total volume. Moreover, walnut production in China exceeded the figures recorded by the second-largest producer, the U.S. (592K tonnes), fourfold. The third position in this ranking was occupied by Iran (321K tonnes), with a 7% share.
What are the leading suppliers of walnuts to Bulgaria?
+
In value terms, the largest walnut suppliers to Bulgaria were Chile ($110K), the U.S. ($57K) and Romania ($32K), together accounting for 90% of total imports.
What are the leading importers of walnuts from Bulgaria?
+
In value terms, Romania ($553K), Turkey ($342K) and Italy ($328K) appeared to be the largest markets for walnut exported from Bulgaria worldwide, with a combined 91% share of total exports.
What is the average export price for walnuts in Bulgaria?
+
In 2019, the average walnut export price amounted to $1,281 per tonne, declining by -10% against the previous year.
What is the average import price for walnuts in Bulgaria?
+
In 2019, the average walnut import price amounted to $1,667 per tonne, with an increase of 8.5% against the previous year.

Product coverage:
• FCL 222 - Walnuts

This report provides an in-depth analysis of the walnut market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Bulgaria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Bulgaria
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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