Bulgaria: Frozen Potato Market 2024

Frozen Potato Market Size in Bulgaria

The Bulgarian frozen potato market surged to $X in 2021, with an increase of 31% against the previous year. In general, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.5% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Frozen Potato Production in Bulgaria

In value terms, frozen potato production shrank to $X in 2021 estimated in export price. Overall, production, however, posted a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 576% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Frozen Potato Exports

Exports from Bulgaria

In 2021, shipments abroad of frozen potatoes decreased by -52.2% to X tons, falling for the fourth year in a row after four years of growth. In general, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2014 when exports increased by 283% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, frozen potato exports dropped to $X in 2021. Over the period under review, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 123%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Romania (X tons) was the main destination for frozen potato exports from Bulgaria, accounting for a 61% share of total exports. Moreover, frozen potato exports to Romania exceeded the volume sent to the second major destination, Greece (X tons), fourfold. North Macedonia (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania amounted to +19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (-21.7% per year) and North Macedonia (-8.6% per year).

In value terms, Romania ($X) remains the key foreign market for frozen potatoes exports from Bulgaria, comprising 62% of total exports. The second position in the ranking was held by Greece ($X), with a 15% share of total exports. It was followed by Germany, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania amounted to +22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (-2.3% per year) and Germany (+75.5% per year).

Export Prices by Country

The average frozen potato export price stood at $X per ton in 2021, with an increase of 85% against the previous year. In general, the export price posted prominent growth. The pace of growth appeared the most rapid in 2013 an increase of 87% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Potato Imports

Imports into Bulgaria

In 2021, after two years of decline, there was significant growth in overseas purchases of frozen potatoes, when their volume increased by 44% to X tons. The total import volume increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen potato imports surged to $X in 2021. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of frozen potato imports to Bulgaria, with a combined 77% share of total imports. The Netherlands, France and Greece lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +27.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of frozen potatoes to Bulgaria, comprising 43% of total imports. The second position in the ranking was held by Poland ($X), with a 21% share of total imports. It was followed by the Netherlands, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-0.2% per year) and the Netherlands (+5.6% per year).

Import Prices by Country

In 2021, the average frozen potato import price amounted to $X per ton, which is down by -7.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 18%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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