Bulgaria: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in Bulgaria

The Bulgarian pineapple juice (single strength) market soared to $X in 2021, surging by 17% against the previous year. In general, consumption posted a significant increase. Pineapple juice (single strength) consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Pineapple Juice (Single Strength) in Bulgaria

In value terms, pineapple juice (single strength) production rose significantly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by 7.8%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Pineapple Juice (Single Strength)

Exports from Bulgaria

In 2021, approx. X tons of pineapple juice (single strength) were exported from Bulgaria; shrinking by -47.3% on the previous year. Overall, exports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by 25% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, pineapple juice (single strength) exports plummeted to $X in 2021. Over the period under review, exports recorded a sharp reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 18% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Mali (X tons), Congo (X tons) and Benin (X tons) were the main destinations of pineapple juice (single strength) exports from Bulgaria, together accounting for 56% of total exports. These countries were followed by Democratic Republic of the Congo, Gabon, China, Greece and Vietnam, which together accounted for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +100.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mali ($X), Congo ($X) and China ($X) were the largest markets for pineapple juice (single strength) exported from Bulgaria worldwide, together comprising 49% of total exports. Benin, Democratic Republic of the Congo, Gabon, Greece and Vietnam lagged somewhat behind, together comprising a further 49%.

Vietnam, with a CAGR of +135.4%, recorded the highest rates of growth with regard to the value of exports, among 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 pineapple juice (single strength) export price stood at $X per ton in 2021, which is down by -11.8% against the previous year. Overall, the export price showed a pronounced setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 12%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Mali ($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 Vietnam (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pineapple Juice (Single Strength)

Imports into Bulgaria

In 2021, overseas purchases of pineapple juice (single strength) increased by 5.5% to X tons, rising for the third year in a row after two years of decline. In general, imports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2016 with an increase of 150% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, pineapple juice (single strength) imports stood at $X in 2021. Over the period under review, imports, however, showed a deep slump. The pace of growth was the most pronounced in 2016 when imports increased by 168% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Hungary (X tons), Serbia (X tons) and Austria (X tons) were the main suppliers of pineapple juice (single strength) imports to Bulgaria, together accounting for 82% of total imports. These countries were followed by Germany, the Netherlands and the Czech Republic, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +42.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pineapple juice (single strength) suppliers to Bulgaria were Serbia ($X), Hungary ($X) and Austria ($X), with a combined 73% share of total imports.

Serbia, with a CAGR of +44.5%, saw 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 2021, the average pineapple juice (single strength) import price amounted to $X per ton, which is down by -3.4% against the previous year. Over the period under review, the import price recorded a pronounced setback. The growth pace was the most rapid in 2020 when the average import price increased by 21%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 the Netherlands ($X per ton), while the price for Hungary ($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 Czech Republic (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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