Bulgaria: Apple Juice Market 2024

Apple Juice Market Size in Bulgaria

The Bulgarian apple juice market surged to $X in 2021, jumping by 31% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Apple Juice Production in Bulgaria

In value terms, apple juice production surged to $X in 2021 estimated in export price. Overall, production, however, showed a pronounced descent. The pace of growth was the most pronounced in 2019 with an increase of 43% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Apple Juice Exports

Exports from Bulgaria

In 2021, approx. X tons of apple juice (single strength) were exported from Bulgaria; falling by -25.2% compared with 2020. Overall, exports showed a abrupt downturn. The growth pace was the most rapid in 2019 when exports increased by 55% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, apple juice exports fell to $X in 2021. In general, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 37%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for apple juice exports from Bulgaria, accounting for a 28% share of total exports. Moreover, apple juice exports to the UK exceeded the volume sent to the second major destination, Benin (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+21.0% per year) and the United States (-8.3% per year).

In value terms, the UK ($X), the United States ($X) and Benin ($X) appeared to be the largest markets for apple juice exported from Bulgaria worldwide, with a combined 51% share of total exports. China, Cyprus, Italy, Congo, Romania, Greece, Mali, Gabon, Democratic Republic of the Congo and Comoros lagged somewhat behind, together accounting for a further 43%.

Romania, with a CAGR of +34.1%, saw the highest rates of growth with regard to the value of exports, in terms of 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 apple juice export price stood at $X per ton in 2021, increasing by 14% against the previous year. Over the period under review, the export price, however, saw a mild slump. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, 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 Italy ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Apple Juice Imports

Imports into Bulgaria

In 2021, apple juice imports into Bulgaria skyrocketed to X tons, with an increase of 19% on 2020 figures. Over the period under review, imports posted a resilient increase. The pace of growth appeared the most rapid in 2015 when imports increased by 37% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, apple juice imports surged to $X in 2021. In general, imports showed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), Hungary (X tons) and Austria (X tons) were the main suppliers of apple juice imports to Bulgaria, together accounting for 63% of total imports. These countries were followed by Romania, Serbia, Germany and Turkey, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +146.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest apple juice suppliers to Bulgaria were Poland ($X), Hungary ($X) and Austria ($X), together comprising 64% of total imports. These countries were followed by Romania, Serbia, Germany and Turkey, which together accounted for a further 31%.

Romania, with a CAGR of +111.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average apple juice import price amounted to $X per ton, increasing by 14% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Austria ($X per ton) and Turkey ($X per ton), while the price for Romania ($X per ton) and Serbia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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