Report Update Nov 1, 2024

Bulgaria - Sweet Corn Frozen - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Frozen Sweet Corn Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen sweet corn in the world?

The United States constituted the country with the largest volume of frozen sweet corn consumption, accounting for 49% of total volume. Moreover, frozen sweet corn consumption in the United States exceeded the figures recorded by the second-largest consumer, Japan, ninefold. The third position in this ranking was occupied by the UK, with a 5.3% share.

What are the largest producers of frozen sweet corn in the world?

The United States constituted the country with the largest volume of frozen sweet corn production, comprising approx. 52% of total volume. Moreover, frozen sweet corn production in the United States exceeded the figures recorded by the second-largest producer, Hungary, sixfold. The third position in this ranking was occupied by New Zealand, with a 6% share.

What are the leading suppliers of frozen sweet corn to Bulgaria?

In value terms, Moldova, Hungary and Poland were the largest frozen sweet corn suppliers to Bulgaria, together accounting for 77% of total imports. These countries were followed by Germany, Serbia, Belgium and Greece, which together accounted for a further 21%.

What are the leading importers of frozen sweet corn from Bulgaria?

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

What is the average export price for frozen sweet corn in Bulgaria?

The average frozen sweet corn export price stood at $425 per ton in 2021, which is down by -20.5% against the previous year.

What is the average import price for frozen sweet corn in Bulgaria?

In 2021, the average frozen sweet corn import price amounted to $1,028 per ton, standing approx. at the previous year.

This report provides an in-depth analysis of the frozen sweet corn 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 447 - Sweet Corn, Frozen

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
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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
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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