Report Update Nov 1, 2024

Bulgaria - Peel of Citrus Fruit or Melons - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in Bulgaria

In 2021, the Bulgarian market for peel of citrus fruit or melons decreased by -22.6% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, showed a resilient expansion. Citrus fruit or melons peel consumption peaked at $X in 2020, and then dropped rapidly in the following year.

Production of Peel Of Citrus Fruit Or Melons in Bulgaria

In value terms, citrus fruit or melons peel production fell sharply to $X in 2021 estimated in export price. Overall, production, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 162%. Citrus fruit or melons peel production peaked at $X in 2020, and then reduced rapidly in the following year.

Exports of Peel Of Citrus Fruit Or Melons

Exports from Bulgaria

For the third year in a row, Bulgaria recorded decline in overseas shipments of peel of citrus fruit or melons, which decreased by -68% to X kg in 2021. In general, exports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2018 when exports increased by 728% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, citrus fruit or melons peel exports declined sharply to $X in 2021. Overall, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 62%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Greece (X kg) was the main destination for citrus fruit or melons peel exports from Bulgaria, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Greece totaled -23.7%.

In value terms, Greece ($X) emerged as the key foreign market for peel of citrus fruit or melons exports from Bulgaria.

From 2012 to 2021, the average annual rate of growth in terms of value to Greece stood at -14.7%.

Export Prices by Country

In 2021, the average export price for peel of citrus fruit or melons amounted to $X per ton, waning by -40.8% against the previous year. Over the period under review, the export price, however, recorded a strong increase. The pace of growth was the most pronounced in 2017 an increase of 800% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Greece.

From 2012 to 2021, the rate of growth in terms of prices for Greece amounted to +11.8% per year.

Imports of Peel Of Citrus Fruit Or Melons

Imports into Bulgaria

In 2021, overseas purchases of peel of citrus fruit or melons decreased by -1.2% to X tons, falling for the fourth consecutive year after three years of growth. Over the period under review, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of 357% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, citrus fruit or melons peel imports skyrocketed to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 318% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest citrus fruit or melons peel supplier to Bulgaria, with a 76% share of total imports. Moreover, citrus fruit or melons peel imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. Austria (X kg) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled +48.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+33.1% per year) and Austria (+8.7% per year).

In value terms, the Netherlands ($X), Austria ($X) and Italy ($X) constituted the largest citrus fruit or melons peel suppliers to Bulgaria, with a combined 80% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +55.3%, saw the highest growth rate of 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 import price for peel of citrus fruit or melons stood at $X per ton in 2021, rising by 36% against the previous year. In general, the import price showed a buoyant increase. The pace of growth appeared the most rapid in 2020 an increase of 165%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peel of citrus fruit or melons in the world?

The countries with the highest volumes of citrus fruit or melons peel consumption in 2021 were China, the United States and India, together comprising 28% of global consumption. Japan, Pakistan, Brazil, Russia, Nigeria, Indonesia, Bangladesh, Germany, Italy and France lagged somewhat behind, together comprising a further 27%.

What are the largest producers of peel of citrus fruit or melons in the world?

The countries with the highest volumes of citrus fruit or melons peel production in 2021 were China, the United States and India, with a combined 28% share of global production. These countries were followed by Japan, Pakistan, Brazil, Nigeria, Russia, Indonesia, Bangladesh, Italy, Germany and Mexico, which together accounted for a further 27%.

What are the leading suppliers of peel of citrus fruit or melons to Bulgaria?

In value terms, the largest citrus fruit or melons peel suppliers to Bulgaria were the Netherlands, Austria and Italy, together comprising 80% of total imports.

What is the average export price for peel of citrus fruit or melons in Bulgaria?

The average export price for peel of citrus fruit or melons stood at $8,891 per ton in 2021, which is down by -32.1% against the previous year.

What is the average import price for peel of citrus fruit or melons in Bulgaria?

The average import price for peel of citrus fruit or melons stood at $4,621 per ton in 2021, increasing by 35% against the previous year.

This report provides an in-depth analysis of the market for citrus fruit or melons peel in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10392410 - Peel of citrus fruit or melons, fresh, frozen, dried or provisionally preserved in brine, in sulphur water or in other preservative solutions

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023