Bulgaria: Mixed Juices Market 2024

Mixed Juices Market Size in Bulgaria

The Bulgarian mixed juices market contracted to $X in 2022, almost unchanged from the previous year. In general, consumption recorded a resilient increase. Mixed juices consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Mixed Juices Production in Bulgaria

In value terms, mixed juices production fell modestly to $X in 2022 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +118.7% against 2012 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 25% against the previous year. Mixed juices production peaked at $X in 2021, and then declined slightly in the following year.

Mixed Juices Exports

Exports from Bulgaria

In 2022, mixed juices exports from Bulgaria declined sharply to X tons, waning by -53.2% compared with the previous year's figure. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 111%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, mixed juices exports fell remarkably to $X in 2022. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 75%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Greece (X tons), the United States (X tons) and France (X tons) were the main destinations of mixed juices exports from Bulgaria, together comprising 86% of total exports. Cyprus, Romania and Belgium lagged somewhat behind, together comprising a further 9.2%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +12.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mixed juices exported from Bulgaria were Greece ($X), the United States ($X) and France ($X), together accounting for 88% of total exports. Cyprus, Romania and Belgium lagged somewhat behind, together comprising a further 6.8%.

Belgium, with a CAGR of +13.6%, recorded the highest growth rate of 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

In 2022, the average mixed juices export price amounted to $X per ton, waning by -23.6% against the previous year. In general, the export price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2018 an increase of 78% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Cyprus ($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 Greece (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Juices Imports

Imports into Bulgaria

In 2022, the amount of mixtures of fruit and vegetable juices imported into Bulgaria shrank to X tons, stabilizing at the year before. Over the period under review, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 94%. Over the period under review, imports reached the maximum at X tons in 2021, and then dropped slightly in the following year.

In value terms, mixed juices imports reduced to $X in 2022. In general, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 91% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Romania (X tons) constituted the largest supplier of mixed juices to Bulgaria, accounting for a 52% share of total imports. Moreover, mixed juices imports from Romania exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. Hungary (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Romania amounted to +25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+15.9% per year) and Hungary (+19.4% per year).

In value terms, Romania ($X) constituted the largest supplier of mixtures of fruit and vegetable juices to Bulgaria, comprising 52% of total imports. The second position in the ranking was taken by Poland ($X), with an 11% share of total imports. It was followed by Hungary, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from Romania amounted to +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+12.0% per year) and Hungary (+16.8% per year).

Import Prices by Country

The average mixed juices import price stood at $X per ton in 2022, which is down by -6.1% against the previous year. In general, the import price saw a slight setback. The most prominent rate of growth was recorded in 2019 an increase of 26%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Poland ($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 (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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