Bulgaria: Papaya Market 2024

Papaya Market Size in Bulgaria

In 2022, after three years of decline, there was significant growth in the Bulgarian papaya market, when its value increased by 553% to $X. In general, consumption, however, recorded a abrupt decline. Papaya consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Papaya Production in Bulgaria

In value terms, papaya production fell to $X in 2022 estimated in export price. In general, production continues to indicate a slight descent. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of papayas in Bulgaria totaled less than X kg per ha in 2022, standing approx. at the previous year's figure. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The papaya harvested area in Bulgaria stood at less than X ha in 2022, flattening at the year before. In general, the harvested area saw a relatively flat trend pattern.

Papaya Exports

Exports from Bulgaria

In 2022, overseas shipments of papayas decreased by -32.9% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 193%. As a result, the exports reached the peak of X tons, and then fell dramatically in the following year.

In value terms, papaya exports reduced sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 173% against the previous year. As a result, the exports attained the peak of $X, and then fell sharply in the following year.

Exports by Country

The UK (X tons) was the main destination for papaya exports from Bulgaria, accounting for a 86% share of total exports. Moreover, papaya exports to the UK exceeded the volume sent to the second major destination, the Netherlands (X tons), sevenfold.

From 2015 to 2022, the average annual growth rate of volume to the UK was relatively modest.

In value terms, the UK ($X) emerged as the key foreign market for papayas exports from Bulgaria, comprising 85% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of value to the UK was relatively modest.

Export Prices by Country

The average papaya export price stood at $X per ton in 2022, increasing by 1.9% against the previous year. Overall, the export price, however, showed a mild reduction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 48% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the UK amounted to $X per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-0.8%).

Papaya Imports

Imports into Bulgaria

After three years of growth, supplies from abroad of papayas decreased by -20.6% to X tons in 2022. Overall, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of 202% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, papaya imports declined notably to $X in 2022. Over the period under review, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2021 when imports increased by 194%. As a result, imports reached the peak of $X, and then fell dramatically in the following year.

Imports by Country

In 2022, Greece (X tons) constituted the largest papaya supplier to Bulgaria, with a 65% share of total imports. Moreover, papaya imports from Greece exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Greece amounted to -20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+86.3% per year) and the Netherlands (+20.0% per year).

In value terms, Spain ($X) constituted the largest supplier of papayas to Bulgaria, comprising 70% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +85.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+19.6% per year) and Greece (-25.2% per year).

Import Prices by Country

The average papaya import price stood at $X per ton in 2022, waning by -13.4% against the previous year. In general, the import price, however, recorded a prominent expansion. The growth pace was the most rapid in 2015 an increase of 124% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 Spain ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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