Bulgaria: Concentrated Apple Juice Market 2024

Concentrated Apple Juice Market Size in Bulgaria

In 2021, after two years of growth, there was significant decline in the Bulgarian concentrated apple juice market, when its value decreased by -26.2% to $X. Overall, consumption, however, continues to indicate a significant expansion. Concentrated apple juice consumption peaked at $X in 2020, and then reduced rapidly in the following year.

Concentrated Apple Juice Production in Bulgaria

In value terms, concentrated apple juice production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a slight slump. The growth pace was the most rapid in 2017 with an increase of 89% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Concentrated Apple Juice Exports

Exports from Bulgaria

Concentrated apple juice exports from Bulgaria soared to X tons in 2021, rising by 83% compared with the previous year. Over the period under review, exports recorded a moderate increase. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, concentrated apple juice exports surged to $X in 2021. Overall, exports, however, showed a slight downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 149% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Austria (X tons) was the main destination for concentrated apple juice exports from Bulgaria, accounting for a 46% share of total exports. Moreover, concentrated apple juice exports to Austria exceeded the volume sent to the second major destination, Hungary (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Austria amounted to -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+2.8% per year) and Germany (+27.6% per year).

In value terms, Austria ($X) emerged as the key foreign market for concentrated apple juice exports from Bulgaria, comprising 45% of total exports. The second position in the ranking was taken by Hungary ($X), with a 21% share of total exports. It was followed by Germany, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Austria amounted to -9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-0.1% per year) and Germany (+18.5% per year).

Export Prices by Country

The average concentrated apple juice export price stood at $X per ton in 2021, with a decrease of -2.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 when the average export price increased by 78% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Slovenia ($X per ton) and Poland ($X per ton), while the average price for exports to Hungary ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (-2.8%), while the prices for the other major destinations experienced a decline.

Concentrated Apple Juice Imports

Imports into Bulgaria

In 2021, overseas purchases of concentrated apple juice were finally on the rise to reach X tons after two years of decline. Overall, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 56%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, concentrated apple juice imports totaled $X in 2021. In general, imports continue to indicate a measured increase. The growth pace was the most rapid in 2016 when imports increased by 80% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Hungary (X tons) constituted the largest supplier of concentrated apple juice to Bulgaria, accounting for a 49% share of total imports. Moreover, concentrated apple juice imports from Hungary exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Hungary stood at +56.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+9.9% per year) and Turkey (-2.6% per year).

In value terms, Hungary ($X) constituted the largest supplier of concentrated apple juice to Bulgaria, comprising 57% of total imports. The second position in the ranking was held by Turkey ($X), with a 16% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Hungary stood at +59.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-7.0% per year) and France (+2.9% per year).

Import Prices by Country

The average concentrated apple juice import price stood at $X per ton in 2021, rising by 8.9% against the previous year. Overall, the import price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 41%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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