Bulgaria: Frozen Sweet Corn Market 2025

Frozen Sweet Corn Market Size in Bulgaria

The Bulgarian frozen sweet corn market declined markedly to $X in 2021, reducing by -90.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a sharp contraction. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Frozen Sweet Corn Exports

Exports from Bulgaria

In 2021, overseas shipments of frozen sweet corn increased by 1,956% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2016 when exports increased by 2,002% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen sweet corn exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt descent. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X tons) was the main destination for frozen sweet corn exports from Bulgaria, with a 81% share of total exports. Moreover, frozen sweet corn exports to Greece exceeded the volume sent to the second major destination, Germany (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece stood at +53.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+114.8% per year) and Romania (+50.8% per year).

In value terms, Greece ($X) remains the key foreign market for frozen sweet corn exports from Bulgaria, comprising 63% of total exports. The second position in the ranking was held by Germany ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Greece amounted to +52.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+99.4% per year) and Romania (+41.5% per year).

Export Prices by Country

The average frozen sweet corn export price stood at $X per ton in 2021, waning by -20.5% against the previous year. Over the period under review, the export price, however, posted a prominent expansion. The growth pace was the most rapid in 2013 an increase of 127% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Greece ($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 Greece (-0.5%), while the prices for the other major destinations experienced a decline.

Frozen Sweet Corn Imports

Imports into Bulgaria

In 2021, purchases abroad of frozen sweet corn was finally on the rise to reach X tons after two years of decline. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 46%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen sweet corn imports surged to $X in 2021. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 46%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Moldova (X tons), Hungary (X tons) and Poland (X tons) were the main suppliers of frozen sweet corn imports to Bulgaria, with a combined 83% share of total imports. Serbia, Germany, Greece and Belgium lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +56.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Moldova ($X), Hungary ($X) and Poland ($X) appeared to be the largest frozen sweet corn suppliers to Bulgaria, together comprising 76% of total imports. Germany, Serbia, Belgium and Greece lagged somewhat behind, together accounting for a further 21%.

Germany, with a CAGR of +67.1%, recorded the highest rates of growth with regard to the value of imports, among 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 frozen sweet corn import price amounted to $X per ton, flattening at the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 20% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; afterwards, it flattened through to 2021.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Moldova ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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