Bulgaria: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in Bulgaria

The Bulgarian carrot and turnip market fell to $X in 2022, waning by -8% against the previous year. Overall, consumption, however, saw a perceptible increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Carrot And Turnip Production in Bulgaria

In value terms, carrot and turnip production declined markedly to $X in 2022 estimated in export price. In general, production, however, enjoyed strong growth. The growth pace was the most rapid in 2017 with an increase of 321% against the previous year. Carrot and turnip production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The average yield of carrots and turnips in Bulgaria fell significantly to X tons per ha in 2022, with a decrease of -24.6% on the previous year's figure. Overall, the yield recorded a slight setback. The growth pace was the most rapid in 2021 with an increase of 78% against the previous year. As a result, the yield reached the peak level of X tons per ha, and then shrank remarkably in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The carrot and turnip harvested area in Bulgaria expanded markedly to X ha in 2022, increasing by 14% on 2021. Over the period under review, the harvested area continues to indicate a notable increase. The growth pace was the most rapid in 2017 when the harvested area increased by 179%. As a result, the harvested area reached the peak level of X ha. From 2018 to 2022, the growth of the carrot and turnip harvested area remained at a lower figure.

Carrot And Turnip Exports

Exports from Bulgaria

In 2022, overseas shipments of carrots and turnips decreased by -42% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,685%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, carrot and turnip exports declined significantly to $X in 2022. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 1,676% against the previous year. The exports peaked at $X in 2021, and then fell significantly in the following year.

Exports by Country

Romania (X tons) was the main destination for carrot and turnip exports from Bulgaria, with a 72% share of total exports. Moreover, carrot and turnip exports to Romania exceeded the volume sent to the second major destination, Luxembourg (X tons), sixfold. Greece (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania stood at +81.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+149.5% per year) and Greece (-7.4% per year).

In value terms, Romania ($X) remains the key foreign market for carrots and turnips exports from Bulgaria, comprising 81% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a 7.7% share of total exports. It was followed by Germany, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania stood at +89.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+149.4% per year) and Germany (+9.1% per year).

Export Prices by Country

The average carrot and turnip export price stood at $X per ton in 2022, shrinking by -19.3% against the previous year. Overall, the export price, however, recorded a prominent increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 80%. The export price peaked at $X per ton in 2021, and then shrank significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Greece ($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 Romania (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Carrot And Turnip Imports

Imports into Bulgaria

In 2022, overseas purchases of carrots and turnips increased by 8.9% to X tons for the first time since 2018, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by 21%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, carrot and turnip imports shrank modestly to $X in 2022. Overall, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +1.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 31%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest carrot and turnip supplier to Bulgaria, accounting for a 74% share of total imports. Moreover, carrot and turnip imports from Turkey exceeded the figures recorded by the second-largest supplier, Serbia (X tons), sixfold. The third position in this ranking was held by Greece (X tons), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+57.4% per year) and Greece (-3.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of carrots and turnips to Bulgaria, comprising 53% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+107.1% per year) and the Netherlands (+36.9% per year).

Import Prices by Country

The average carrot and turnip import price stood at $X per ton in 2022, falling by -10.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 11% against the previous year. The import price peaked at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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