Bulgaria: Market for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes 2024

Market Size for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Bulgaria

The Bulgarian fruit or nut preserves market dropped remarkably to $X in 2021, declining by -17.6% against the previous year. Over the period under review, consumption recorded a perceptible slump. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Bulgaria

In value terms, fruit or nut preserves production surged to $X in 2021 estimated in export price. In general, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +22.1% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 30% against the previous year. Fruit or nut preserves production peaked in 2021 and is likely to see gradual growth in years to come.

Exports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Exports from Bulgaria

In 2021, the amount of jams, marmalades, fruit jellies, fruit or nut purees and pastes exported from Bulgaria surged to X tons, picking up by 33% compared with the previous year. In general, exports saw strong growth. The growth pace was the most rapid in 2017 when exports increased by 38% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, fruit or nut preserves exports surged to $X in 2021. Over the period under review, exports saw a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 38% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

Germany (X tons), Russia (X tons) and Romania (X tons) were the main destinations of fruit or nut preserves exports from Bulgaria, with a combined 49% share of total exports. Japan, Greece, the Czech Republic, Israel, Poland, the United States, Serbia and Austria lagged somewhat behind, together comprising a further 41%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +81.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Russia ($X) and Germany ($X) appeared to be the largest markets for fruit or nut preserves exported from Bulgaria worldwide, with a combined 49% share of total exports. These countries were followed by Japan, Greece, Israel, the Czech Republic, the United States, Poland, Serbia and Austria, which together accounted for a further 40%.

Serbia, with a CAGR of +67.6%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average fruit or nut preserves export price stood at $X per ton in 2021, reducing by -4.5% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 14%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Serbia ($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 Romania (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Imports into Bulgaria

In 2021, fruit or nut preserves imports into Bulgaria contracted dramatically to X tons, shrinking by -39% on 2020. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 46% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, fruit or nut preserves imports contracted sharply to $X in 2021. Over the period under review, imports recorded a slight slump. The most prominent rate of growth was recorded in 2019 when imports increased by 54%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of fruit or nut preserves to Bulgaria, with a 26% share of total imports. Moreover, fruit or nut preserves imports from Turkey exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. Greece (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+26.7% per year) and Greece (-21.4% per year).

In value terms, the largest fruit or nut preserves suppliers to Bulgaria were Belgium ($X), Turkey ($X) and Germany ($X), together accounting for 55% of total imports. Italy, Greece, the United Arab Emirates, Poland, Latvia, Lithuania, the Czech Republic, Chile, North Macedonia and Ecuador lagged somewhat behind, together accounting for a further 33%.

Among the main suppliers, Lithuania, with a CAGR of +157.1%, recorded 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

The average fruit or nut preserves import price stood at $X per ton in 2021, with an increase of 34% against the previous year. Overall, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fruit or nut preserves import price increased by +74.4% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Ecuador ($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 United Arab Emirates (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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