Bulgaria: Canned Mushroom Market 2024

Canned Mushroom Market Size in Bulgaria

In 2022, the Bulgarian canned mushroom market decreased by -12.9% to $X, falling for the fifth year in a row after three years of growth. Over the period under review, consumption showed a drastic downturn. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Canned Mushroom Production in Bulgaria

In value terms, canned mushroom production rose sharply to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 656%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Canned Mushroom Exports

Exports from Bulgaria

In 2022, shipments abroad of canned mushrooms increased by 36% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 735% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, canned mushroom exports soared to $X in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 753% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for canned mushroom exports from Bulgaria, with a 97% share of total exports. It was followed by Italy (X tons), with a 0.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +35.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-22.0% per year) and Greece (-39.9% per year).

In value terms, Germany ($X) remains the key foreign market for canned mushrooms exports from Bulgaria, comprising 98% of total exports. The second position in the ranking was held by Italy ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +50.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-28.6% per year) and Greece (-39.4% per year).

Export Prices by Country

The average canned mushroom export price stood at $X per ton in 2022, declining by -4.8% against the previous year. In general, the export price recorded a deep downturn. The growth pace was the most rapid in 2019 an increase of 157%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Greece ($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 Germany (+11.4%), while the prices for the other major destinations experienced mixed trend patterns.

Canned Mushroom Imports

Imports into Bulgaria

Canned mushroom imports into Bulgaria surged to X tons in 2022, rising by 30% compared with the year before. Over the period under review, imports enjoyed a mild increase. The growth pace was the most rapid in 2014 with an increase of 113%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, canned mushroom imports skyrocketed to $X in 2022. In general, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +101.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 53% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), North Macedonia (X tons) and Poland (X tons) were the main suppliers of canned mushroom imports to Bulgaria, together accounting for 65% of total imports.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of +752.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, North Macedonia ($X), Germany ($X) and Poland ($X) were the largest canned mushroom suppliers to Bulgaria, together comprising 60% of total imports.

North Macedonia, with a CAGR of +648.0%, saw 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

In 2022, the average canned mushroom import price amounted to $X per ton, rising by 1.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 46% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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