Report Update Nov 1, 2024

Bulgaria - Sweet Potato - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Bulgaria: Sweet Potato Market 2024

Sweet Potato Market Size in Bulgaria

The Bulgarian sweet potato market soared to $X in 2021, increasing by 42% 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 strong increase. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Sweet Potato Exports

Exports from Bulgaria

In 2021, shipments abroad of sweet potatoes increased by 19% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 10,154% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, sweet potato exports surged to $X in 2021. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 2,589% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X tons) was the main destination for sweet potato exports from Bulgaria, with a 96% share of total exports. Moreover, sweet potato exports to Romania exceeded the volume sent to the second major destination, North Macedonia (X tons), more than tenfold.

From 2015 to 2021, the average annual growth rate of volume to Romania amounted to +92.4%.

In value terms, Romania ($X) remains the key foreign market for sweet potatoes exports from Bulgaria, comprising 96% of total exports. The second position in the ranking was held by North Macedonia ($X), with a 3.8% share of total exports.

From 2015 to 2021, the average annual rate of growth in terms of value to Romania totaled +109.2%.

Export Prices by Country

In 2021, the average sweet potato export price amounted to $X per ton, with an increase of 11% against the previous year. In general, the export price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 an increase of 360% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Romania amounted to $X per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Sweet Potato Imports

Imports into Bulgaria

In 2021, purchases abroad of sweet potatoes increased by 42% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports showed a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 821% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, sweet potato imports skyrocketed to $X in 2021. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 217%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest sweet potato supplier to Bulgaria, with a 62% share of total imports. Moreover, sweet potato imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. The third position in this ranking was held by the Czech Republic (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at +47.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+189.6% per year) and the Czech Republic (+48.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of sweet potatoes to Bulgaria, comprising 68% of total imports. The second position in the ranking was taken by Spain ($X), with a 13% share of total imports. It was followed by the Czech Republic, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands totaled +48.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+208.8% per year) and the Czech Republic (+38.2% per year).

Import Prices by Country

The average sweet potato import price stood at $X per ton in 2021, reducing by -10.5% against the previous year. Overall, the import price, however, saw a resilient expansion. The growth pace was the most rapid in 2015 an increase of 450% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat 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 ($X per ton), while the price for Greece ($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 (+13.8%), 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 sweet potatoes in the world?

The country with the largest volume of sweet potato consumption was China, accounting for 55% of total volume. Moreover, sweet potato consumption in China exceeded the figures recorded by the second-largest consumer, Malawi, eightfold. Tanzania ranked third in terms of total consumption with a 4.6% share.

What are the largest producers of sweet potatoes in the world?

China remains the largest sweet potato producing country worldwide, comprising approx. 56% of total volume. Moreover, sweet potato production in China exceeded the figures recorded by the second-largest producer, Malawi, eightfold. The third position in this ranking was occupied by Tanzania, with a 4.6% share.

What are the leading suppliers of sweet potatoes to Bulgaria?

In value terms, the Netherlands constituted the largest supplier of sweet potato to Bulgaria, comprising 68% of total imports. The second position in the ranking was occupied by Spain, with a 13% share of total imports. It was followed by the Czech Republic, with an 11% share.

What are the leading importers of sweet potatoes from Bulgaria?

In value terms, Romania remains the key foreign market for sweet potato exports from Bulgaria, comprising 96% of total exports. The second position in the ranking was occupied by North Macedonia, with a 3.8% share of total exports.

What is the average export price for sweet potatoes in Bulgaria?

The average sweet potato export price stood at $3,758 per ton in 2021, surging by 67% against the previous year.

What is the average import price for sweet potatoes in Bulgaria?

The average sweet potato import price stood at $1,634 per ton in 2021, waning by -10.5% against the previous year.

This report provides an in-depth analysis of the sweet potato 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 122 - Sweet potatoes

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