Bulgaria: Grain Market 2025

Grain Market Size in Bulgaria

In 2022, the Bulgarian grain market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2014; afterwards, it flattened through to 2022.

Grain Production in Bulgaria

In value terms, grain production contracted to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

The average yield of cereal grains in Bulgaria reduced to X tons per ha in 2022, waning by X% against the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha, and then shrank 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.

In 2022, approx. X ha of cereal grains were harvested in Bulgaria; almost unchanged from the year before. Overall, the harvested area showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to grain production attained the peak figure at X ha in 2013; afterwards, it flattened through to 2022.

Grain Exports

Exports from Bulgaria

Grain exports from Bulgaria shrank significantly to X tons in 2022, with a decrease of X% on the previous year. Over the period under review, total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, grain exports dropped modestly to $X in 2022. In general, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Algeria (X tons), Greece (X tons) and Spain (X tons) were the main destinations of grain exports from Bulgaria, with a combined X% share of total exports. Romania, Tunisia, Egypt, Italy, Indonesia, Bangladesh, Pakistan, China, Israel and Lebanon lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), Greece ($X) and Tunisia ($X) appeared to be the largest markets for grain exported from Bulgaria worldwide, together comprising X% of total exports. Spain, Romania, Egypt, Italy, Indonesia, Pakistan, Bangladesh, Israel, China and Lebanon lagged somewhat behind, together accounting for a further X%.

Pakistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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

The average grain export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grain export price increased by X% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Egypt ($X per ton) and Tunisia ($X per ton), while the average price for exports to China ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grain Imports

Imports into Bulgaria

In 2022, the amount of cereal grains imported into Bulgaria skyrocketed to X tons, growing by X% on the previous year. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, grain imports skyrocketed to $X in 2022. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Romania (X tons), Ukraine (X tons) and Austria (X tons) were the main suppliers of grain imports to Bulgaria, together accounting for X% of total imports.

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

In value terms, Romania ($X) constituted the largest supplier of cereal grains to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Hungary ($X), with a X% share of total imports. It was followed by Ukraine, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Romania totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Ukraine (X% per year).

Import Prices by Country

In 2022, the average grain import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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