Bulgaria: Pesticide Market 2024

Pesticide Market Size in Bulgaria

The Bulgarian pesticide market surged to $X in 2022, growing by X% against the previous year. Overall, the total consumption indicated a buoyant 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 increased by X% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Pesticide Production in Bulgaria

In value terms, pesticide production reduced to $X in 2022 estimated in export price. Overall, production, however, posted resilient growth. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Pesticide production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Pesticide Exports

Exports from Bulgaria

In 2022, shipments abroad of pesticides decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, pesticide exports contracted remarkably to $X in 2022. Overall, exports, however, recorded strong growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons), Romania (X tons) and Germany (X tons) were the main destinations of pesticide exports from Bulgaria, with a combined X% share of total exports. Italy, Vietnam, Russia, China, Poland, Spain, the United States, the Philippines, Greece and Ecuador lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pesticide exported from Bulgaria were Germany ($X), Romania ($X) and France ($X), together comprising X% of total exports. Italy, Poland, Spain, Russia, China, the United States, Vietnam, Greece, the Philippines and Ecuador lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pesticide export price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

Pesticide Imports

Imports into Bulgaria

In 2022, supplies from abroad of pesticides increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, pesticide imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X tons), France (X tons) and Romania (X tons) were the main suppliers of pesticide imports to Bulgaria, with a combined X% share of total imports. Greece, Germany, Ireland, Belgium, Spain, Italy, Hungary, Poland, Portugal and Turkey lagged somewhat behind, together comprising a further X%.

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

In value terms, Romania ($X), France ($X) and China ($X) were the largest pesticide suppliers to Bulgaria, with a combined X% share of total imports. Belgium, Hungary, Germany, Greece, Italy, Spain, Poland, Portugal, Ireland and Turkey lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Portugal, with a CAGR of X%, recorded 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 pesticide import price stood at $X per ton in 2022, remaining constant against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Hungary ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :