Report Update Nov 1, 2024

Bulgaria - Sugar Crop - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Sugar Crop Market 2024

Sugar Crop Market Size in Bulgaria

The Bulgarian sugar crop market soared to $X in 2022, jumping by X% against the previous year. Overall, consumption recorded resilient growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Sugar Crop Production in Bulgaria

In value terms, sugar crop production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production posted a mild increase. The growth pace was the most rapid in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average sugar crop yield in Bulgaria totaled less than X kg per ha, approximately reflecting 2021 figures. Overall, the yield recorded 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.

In 2022, the total area harvested in terms of sugar crops production in Bulgaria was estimated at less than X ha, stabilizing at the previous year. Overall, the harvested area saw a relatively flat trend pattern.

Sugar Crop Exports

Exports from Bulgaria

In 2022, overseas shipments of sugar crops decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank sharply in the following year.

In value terms, sugar crop exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Greece (X tons) was the main destination for sugar crop exports from Bulgaria, accounting for a X% share of total exports. Moreover, sugar crop exports to Greece exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was taken by Japan (X tons), with an X% share.

From 2014 to 2022, the average annual growth rate of volume to Greece stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Japan (X% per year).

In value terms, Greece ($X), the United States ($X) and Romania ($X) were the largest markets for sugar crop exported from Bulgaria worldwide, together accounting for X% of total exports.

Among the main countries of destination, the United States, with a CAGR of X%, saw 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

The average sugar crop export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price continues to indicate a slight expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Crop Imports

Imports into Bulgaria

In 2022, overseas purchases of sugar crops decreased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar crop imports shrank notably to $X in 2022. In general, imports saw a significant decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Greece (X tons) was the main supplier of sugar crop to Bulgaria, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Greece stood at X%.

In value terms, Greece ($X) constituted the largest supplier of sugar crops to Bulgaria.

From 2012 to 2022, the average annual rate of growth in terms of value from Greece amounted to X%.

Import Prices by Country

The average sugar crop import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price enjoyed a buoyant increase. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Austria amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sugar crops in the world?

The countries with the highest volumes of in 2021 were Brazil, India and China, with a combined 58% share of global consumption. These countries were followed by Thailand, Pakistan, the United States, Mexico and Russia, which together accounted for a further 15%.

What are the largest producers of sugar crops in the world?

The countries with the highest volumes of in 2021 were Brazil, India and China, with a combined 58% share of global production. These countries were followed by Thailand, Pakistan, the United States, Mexico and Russia, which together accounted for a further 15%.

What are the leading suppliers of sugar crops to Bulgaria?

In value terms, Germany constituted the largest supplier of sugar crop to Bulgaria, comprising 93% of total imports. The second position in the ranking was occupied by Turkey $780), with a 3.4% share of total imports.

What are the leading importers of sugar crops from Bulgaria?

In value terms, Greece remains the key foreign market for sugar crop exports from Bulgaria, comprising 38% of total exports. The second position in the ranking was occupied by the Netherlands, with a 9% share of total exports. It was followed by Romania, with a 7% share.

What is the average export price for sugar crops in Bulgaria?

In 2021, the average sugar crop export price amounted to $1,329 per ton, which is down by -24.2% against the previous year.

What is the average import price for sugar crops in Bulgaria?

In 2021, the average sugar crop import price amounted to $900 per ton, flattening at the previous year.

This report provides an in-depth analysis of the sugar crop market 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:

FCL 161 - Sugar crops nes
FCL 156 - Sugar cane
FCL 459 - Chicory roots
FCL 157 - Sugar beet
FCL 461 - Carobs
FCL 460 - Vegetable products, fresh or dry nes

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, HARVESTED AREA AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023