Bulgaria: Artichoke Market 2025

Artichoke Market Size in Bulgaria

The Bulgarian artichoke market was estimated at $X in 2022, approximately equating the previous year. Over the period under review, consumption recorded buoyant growth. The growth pace was the most rapid in 2021 when the market value decreased by 99.9% against the previous year. Artichoke consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Artichoke Production in Bulgaria

In value terms, artichoke production surged to $X in 2022 estimated in export price. Over the period under review, production recorded a strong expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 264% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The average yield of artichokes in Bulgaria surged to X tons per ha in 2022, picking up by 28% compared with 2021 figures. Over the period under review, the yield showed a temperate increase. The most prominent rate of growth was recorded in 2020 with an increase of 261% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2021 to 2022, the growth of the average artichoke yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The artichoke harvested area in Bulgaria amounted to X ha in 2022, flattening at 2021 figures. Overall, the harvested area posted strong growth. The most prominent rate of growth was recorded in 2019 when the harvested area increased by 65%. The artichoke harvested area peaked in 2022 and is likely to see steady growth in the immediate term.

Artichoke Exports

Exports from Bulgaria

In 2022, approx. X tons of artichokes were exported from Bulgaria; remaining constant against 2021 figures. Overall, exports saw a strong expansion. The smallest decline of 99.9% was in 2021. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, artichoke exports amounted to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The smallest decline of 99.9% was in 2021. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

Latvia (X tons), Lithuania (X kg) and Italy (X kg) were the main destinations of artichoke exports from Bulgaria, together accounting for 97% of total exports.

From 2014 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +271.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Latvia ($X) and Lithuania ($X) appeared to be the largest markets for artichoke exported from Bulgaria worldwide, with a combined 97% share of total exports.

Lithuania, with a CAGR of +149.9%, recorded the highest growth rate of 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

In 2022, the average artichoke export price amounted to $X per ton, flattening at the previous year. In general, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2021 when the average export price decreased by 99.9%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, 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 ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+15.8%).

Artichoke Imports

Imports into Bulgaria

After two years of growth, overseas purchases of artichokes decreased by -1.2% to X tons in 2022. In general, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2014 when imports increased by 2,284%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, artichoke imports dropped dramatically to $X in 2022. Over the period under review, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 4,600% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest artichoke supplier to Bulgaria, accounting for a 68% share of total imports. Moreover, artichoke imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. Greece (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+45.4% per year) and Greece (+11.9% per year).

In value terms, the largest artichoke suppliers to Bulgaria were the Netherlands ($X), Italy ($X) and Spain ($X), together accounting for 93% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +35.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average artichoke import price amounted to $X per ton, reducing by -28.4% against the previous year. Overall, the import price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when the average import price increased by 97%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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