Bulgaria: Grain Market 2025

Grain Market Size in Bulgaria

In 2022, the Bulgarian grain market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, 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. Grain consumption peaked at $X in 2014; afterwards, it flattened through to 2022.

Grain Production in Bulgaria

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

In 2022, the average yield of grain in Bulgaria shrank to X tons per ha, waning by X% compared with 2021 figures. The yield figure increased at an average annual rate of X% 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%. As a result, the yield reached 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, the grain harvested area in Bulgaria totaled X ha, approximately reflecting the previous year's figure. In general, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. The grain harvested area peaked at X ha in 2013; afterwards, it flattened through to 2022.

Grain Exports

Exports from Bulgaria

In 2022, the amount of grain exported from Bulgaria fell markedly to X tons, waning by X% compared with 2021 figures. In general, total exports indicated a moderate expansion 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 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, grain exports shrank to $X in 2022. Over the period under review, total exports indicated a prominent expansion 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 growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2021, and then reduced 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, the largest markets for grain exported from Bulgaria were Algeria ($X), Greece ($X) and Tunisia ($X), together accounting for 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

In 2022, the average grain export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, export price indicated a notable increase 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 overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to 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

Grain imports into Bulgaria skyrocketed to X tons in 2022, growing by X% compared with the year before. Over the period under review, imports posted a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, grain imports surged to $X in 2022. Overall, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Romania (X tons), Ukraine (X tons) and Austria (X tons) were the main suppliers of grain imports to Bulgaria, with a combined X% share of total imports.

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

In value terms, Romania ($X) constituted the largest supplier of grain to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Hungary ($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 stood at 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, growing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. 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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