Bulgaria: Banana And Plantain Market 2025

Banana And Plantain Market Size in Bulgaria

In 2022, after six years of growth, there was decline in the Bulgarian banana and plantain market, when its value decreased by -2.7% to $X. Overall, consumption, however, recorded a buoyant expansion. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Banana And Plantain Exports

Exports from Bulgaria

In 2022, approx. X tons of bananas and plantains were exported from Bulgaria; declining by -52.3% against 2021. Over the period under review, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 75%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, banana and plantain exports plummeted to $X in 2022. In general, exports recorded a precipitous descent. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X tons) was the main destination for banana and plantain exports from Bulgaria, with a 90% share of total exports. Moreover, banana and plantain exports to Romania exceeded the volume sent to the second major destination, Greece (X tons), more than tenfold. Luxembourg (X tons) ranked third in terms of total exports with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania stood at -25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (-32.8% per year) and Luxembourg (0.0% per year).

In value terms, Romania ($X) remains the key foreign market for bananas and plantains exports from Bulgaria, comprising 87% of total exports. The second position in the ranking was held by Greece ($X), with a 7.1% share of total exports. It was followed by Luxembourg, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania totaled -26.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (-33.7% per year) and Luxembourg (0.0% per year).

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, picking up by 5.7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 29%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+25.7%), while the prices for the other major destinations experienced a decline.

Banana And Plantain Imports

Imports into Bulgaria

In 2022, purchases abroad of bananas and plantains decreased by -13.6% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, imports, however, recorded strong growth. The pace of growth appeared the most rapid in 2018 when imports increased by 22%. Over the period under review, imports attained the maximum at X tons in 2021, and then declined in the following year.

In value terms, banana and plantain imports shrank slightly to $X in 2022. Over the period under review, imports, however, showed prominent growth. The growth pace was the most rapid in 2018 when imports increased by 29%. Over the period under review, imports attained the peak figure at $X in 2021, and then fell modestly in the following year.

Imports by Country

Ecuador (X tons), Greece (X tons) and Romania (X tons) were the main suppliers of banana and plantain imports to Bulgaria, with a combined 90% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +25.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest banana and plantain suppliers to Bulgaria were Ecuador ($X), Greece ($X) and Romania ($X), with a combined 90% share of total imports.

Among the main suppliers, Romania, with a CAGR of +24.7%, 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

The average banana and plantain import price stood at $X per ton in 2022, picking up by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Romania ($X per ton) and Ecuador ($X per ton), while the price for Slovenia ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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