Bulgaria: Nuts Market 2024

Nuts Market Size in Bulgaria

For the third consecutive year, the Bulgarian nuts market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, the total consumption indicated a strong increase 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 decreased by X% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Nuts Production in Bulgaria

In value terms, nuts production expanded sharply to $X in 2022 estimated in export price. In general, the total production indicated a strong 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, production decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

In 2022, the average nuts yield in Bulgaria stood at X kg per ha, growing by X% on 2021. Over the period under review, the yield, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2013 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2014 to 2022, the growth of the average nuts yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the nuts harvested area in Bulgaria fell to X ha, which is down by X% compared with 2021. Overall, the harvested area, however, posted a prominent increase. The pace of growth appeared the most rapid in 2015 when the harvested area increased by X%. The nuts harvested area peaked at X ha in 2021, and then dropped in the following year.

Nuts Exports

Exports from Bulgaria

In 2022, the amount of nuts exported from Bulgaria contracted dramatically to X tons, reducing by X% against 2021. Over the period under review, exports saw a deep setback. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, nuts exports reduced remarkably to $X in 2022. Overall, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Romania (X tons), Greece (X tons) and Italy (X tons) were the main destinations of nuts exports from Bulgaria, together accounting for X% of total exports. Turkey, Germany, Albania and North Macedonia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Romania ($X) emerged as the key foreign market for nuts exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Germany (X% per year).

Export Prices by Country

The average nuts export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price posted resilient growth. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

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

Nuts Imports

Imports into Bulgaria

In 2022, after two years of growth, there was significant decline in purchases abroad of nuts, when their volume decreased by X% to X tons. Over the period under review, imports, however, recorded a noticeable increase. The pace of growth appeared the most rapid in 2017 when imports increased by 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 somewhat lower figure.

In value terms, nuts imports dropped significantly to $X in 2022. In general, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2021, and then fell dramatically in the following year.

Imports by Country

The United States (X tons), Greece (X tons) and Spain (X tons) were the main suppliers of nuts imports to Bulgaria, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nuts suppliers to Bulgaria were the United States ($X), Spain ($X) and Greece ($X), with a combined X% share of total imports.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 nuts import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price, however, posted measured growth. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then contracted markedly in the following year.

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 the Netherlands ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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