Bulgaria: Market for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades 2024

Market Size for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in Bulgaria

After two years of decline, the Bulgarian homogenised jam and marmalade market increased by 18% to $X in 2022. Overall, consumption, however, saw a slight downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in Bulgaria

In value terms, homogenised jam and marmalade production expanded remarkably to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2013 when the production volume increased by 21%. Homogenised jam and marmalade production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Exports from Bulgaria

In 2022, approx. X tons of homogenised preparations of jams, fruit jellies and marmalades were exported from Bulgaria; jumping by 69% on 2021. Overall, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 414%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, homogenised jam and marmalade exports surged to $X in 2022. In general, exports showed a strong expansion. The growth pace was the most rapid in 2020 with an increase of 141%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons) was the main destination for homogenised jam and marmalade exports from Bulgaria, accounting for a 56% share of total exports. Moreover, homogenised jam and marmalade exports to Romania exceeded the volume sent to the second major destination, Germany (X tons), fivefold. North Macedonia (X tons) ranked third in terms of total exports with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume to Romania stood at +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+51.7% per year) and North Macedonia (+53.3% per year).

In value terms, Romania ($X) remains the key foreign market for homogenised preparations of jams, fruit jellies and marmalades exports from Bulgaria, comprising 59% of total exports. The second position in the ranking was taken by Germany ($X), with a 5.7% share of total exports. It was followed by Canada, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value to Romania stood at +34.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+35.7% per year) and Canada (-15.2% per year).

Export Prices by Country

The average homogenised jam and marmalade export price stood at $X per ton in 2022, increasing by 41% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 116%. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Germany ($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 the Netherlands (+45.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Imports into Bulgaria

After two years of decline, purchases abroad of homogenised preparations of jams, fruit jellies and marmalades increased by 71% to X tons in 2022. Overall, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 123%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, homogenised jam and marmalade imports surged to $X in 2022. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 60%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Greece (X tons), Slovenia (X tons) and Poland (X tons) were the main suppliers of homogenised jam and marmalade imports to Bulgaria, with a combined 72% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +82.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest homogenised jam and marmalade suppliers to Bulgaria were Austria ($X), Slovenia ($X) and Poland ($X), together accounting for 61% of total imports.

Among the main suppliers, Poland, with a CAGR of +89.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average homogenised jam and marmalade import price amounted to $X per ton, shrinking by -22.8% against the previous year. Overall, the import price, however, saw a modest expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 60% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :