Bulgaria: Sugar Crop Market 2025

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

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