Bulgaria: Canned Vegetable Market 2024

Canned Vegetable Market Size in Bulgaria

In 2022, the Bulgarian canned vegetable market increased by 22% to $X, rising for the seventh consecutive year after two years of decline. In general, consumption enjoyed a strong expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Canned Vegetable Production in Bulgaria

In value terms, canned vegetable production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 18%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Canned Vegetable Exports

Exports from Bulgaria

In 2022, overseas shipments of canned vegetables decreased by -10.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 22% against the previous year. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, canned vegetable exports declined to $X in 2022. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 11%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Greece (X tons), Germany (X tons) and the United States (X tons) were the main destinations of canned vegetable exports from Bulgaria, together comprising 70% of total exports. Italy, Romania, Sweden and Russia lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +19.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for canned vegetable exported from Bulgaria were Greece ($X), Germany ($X) and the United States ($X), together comprising 62% of total exports. Italy, Romania, Sweden and Russia lagged somewhat behind, together accounting for a further 19%.

In terms of the main countries of destination, Italy, with a CAGR of +19.6%, saw the highest growth rate of the value of exports, 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 canned vegetable export price amounted to $X per ton, with an increase of 3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2013 an increase of 19% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 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 Italy ($X per ton), while the average price for exports to Russia ($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 Romania (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Vegetable Imports

Imports into Bulgaria

In 2022, approx. X tons of canned vegetables were imported into Bulgaria; growing by 8.8% against the previous year's figure. In general, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +41.3% against 2013 indices. The most prominent rate of growth was recorded in 2013 with an increase of 18% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, canned vegetable imports rose remarkably to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.6% 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 +91.2% against 2015 indices. The growth pace was the most rapid in 2018 with an increase of 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Turkey (X tons), Greece (X tons) and Italy (X tons) were the main suppliers of canned vegetable imports to Bulgaria, with a combined 53% share of total imports. Romania, Hungary, Germany, Portugal, Spain, Poland and the Czech Republic lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +99.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Greece ($X) and Turkey ($X) were the largest canned vegetable suppliers to Bulgaria, with a combined 61% share of total imports. Italy, Hungary, Germany, Poland, Portugal, Spain and the Czech Republic lagged somewhat behind, together accounting for a further 31%.

Among the main suppliers, Portugal, with a CAGR of +98.1%, 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 canned vegetable import price amounted to $X per ton, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2021 an increase of 12% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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