Bulgaria: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in Bulgaria

The Bulgarian temporarily preserved vegetable market surged to $X in 2022, picking up by 17% 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). In general, consumption enjoyed a buoyant expansion. Temporarily preserved vegetable consumption peaked in 2022 and is likely to see steady growth in years to come.

Temporarily Preserved Vegetable Exports

Exports from Bulgaria

In 2022, shipments abroad of vegetables (temporarily preserved) increased by 5.4% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, saw a mild reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 51%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, temporarily preserved vegetable exports dropped to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Spain (X tons), Greece (X tons) and Italy (X tons) were the main destinations of temporarily preserved vegetable exports from Bulgaria, together accounting for 71% of total exports. Germany, Serbia, Romania, Lithuania, France, Poland and the Czech Republic lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +38.6%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Serbia ($X) were the largest markets for temporarily preserved vegetable exported from Bulgaria worldwide, together accounting for 78% of total exports.

Among the main countries of destination, Serbia, with a CAGR of +66.7%, 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

In 2022, the average temporarily preserved vegetable export price amounted to $X per ton, which is down by -12.6% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, temporarily preserved vegetable export price decreased by -20.4% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 83% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+37.7%), while the prices for the other major destinations experienced more modest paces of growth.

Temporarily Preserved Vegetable Imports

Imports into Bulgaria

In 2022, approx. X tons of vegetables (temporarily preserved) were imported into Bulgaria; picking up by 23% on the year before. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 49%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, temporarily preserved vegetable imports expanded markedly to $X in 2022. Over the period under review, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 47% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Greece (X tons) constituted the largest supplier of temporarily preserved vegetable to Bulgaria, accounting for a 48% share of total imports. Moreover, temporarily preserved vegetable imports from Greece exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Greece amounted to -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+40.7% per year) and China (+12.7% per year).

In value terms, the largest temporarily preserved vegetable suppliers to Bulgaria were Greece ($X), Belarus ($X) and Italy ($X), together comprising 55% of total imports. China, Ukraine, Serbia, Egypt, Poland, Spain, the Netherlands, Turkey and Hungary lagged somewhat behind, together comprising a further 43%.

Ukraine, with a CAGR of +138.9%, saw the highest growth rate of 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

The average temporarily preserved vegetable import price stood at $X per ton in 2022, which is down by -12.5% against the previous year. Over the period under review, the import price, however, saw temperate growth. The pace of growth was the most pronounced in 2021 an increase of 63% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belarus ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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