Bulgaria: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Bulgaria

In 2022, the Bulgarian orange juice (single strength) market decreased by -1.4% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption, however, saw a resilient increase. Orange juice (single strength) consumption peaked at $X in 2021, and then contracted modestly in the following year.

Production of Orange Juice (Single Strength) in Bulgaria

In value terms, orange juice (single strength) production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 14%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Orange Juice (Single Strength)

Exports from Bulgaria

In 2022, overseas shipments of orange juice (single strength) were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, faced a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of 8.5%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, orange juice (single strength) exports shrank slightly to $X in 2022. Overall, exports, however, continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 3.8%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Malta (X tons), Greece (X tons) and China (X tons) were the main destinations of orange juice (single strength) exports from Bulgaria, with a combined 45% share of total exports. Congo, Mali, Gabon, Benin, Democratic Republic of the Congo, Ukraine, Equatorial Guinea, Niger and Comoros lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +1,269.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for orange juice (single strength) exported from Bulgaria were Malta ($X), Greece ($X) and China ($X), with a combined 54% share of total exports. Congo, Mali, Ukraine, Gabon, Benin, Equatorial Guinea, Democratic Republic of the Congo, Comoros and Niger lagged somewhat behind, together comprising a further 30%.

Ukraine, with a CAGR of +1,417.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average orange juice (single strength) export price stood at $X per ton in 2022, falling by -9.7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 11%. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Comoros ($X per ton), while the average price for exports to Niger ($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 Ukraine (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Orange Juice (Single Strength)

Imports into Bulgaria

In 2022, overseas purchases of orange juice (single strength) decreased by -2% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.1% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of 46%. Imports peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, orange juice (single strength) imports shrank to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +16.6% against 2016 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 60% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

Poland (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of orange juice (single strength) imports to Bulgaria, together comprising 81% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +44.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Austria ($X) were the largest orange juice (single strength) suppliers to Bulgaria, together comprising 81% of total imports.

Germany, with a CAGR of +37.9%, 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 2022, the average orange juice (single strength) import price amounted to $X per ton, approximately mirroring the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 21%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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