Bulgaria: Vegetable Puree Market 2024

Vegetable Puree Market Size in Bulgaria

The Bulgarian vegetable puree market rose markedly to $X in 2022, with an increase of 11% against the previous year. Over the period under review, consumption, however, showed a noticeable setback. Vegetable puree consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Vegetable Puree Production in Bulgaria

In value terms, vegetable puree production shrank markedly to $X in 2022 estimated in export price. Overall, production recorded a slight decline. The pace of growth appeared the most rapid in 2017 with an increase of 127%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Vegetable Puree Exports

Exports from Bulgaria

In 2022, exports of vegetable puree from Bulgaria dropped rapidly to X tons, with a decrease of -25.7% against the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 36%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, vegetable puree exports declined dramatically to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 26%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for vegetable puree exports from Bulgaria, with a 60% share of total exports. Moreover, vegetable puree exports to Germany exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. Poland (X tons) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+23.6% per year) and Poland (+27.7% per year).

In value terms, Germany ($X) remains the key foreign market for vegetable puree exports from Bulgaria, comprising 61% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 9.6% share of total exports. It was followed by Poland, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+16.5% per year) and Poland (+18.0% per year).

Export Prices by Country

In 2022, the average vegetable puree export price amounted to $X per ton, declining by -2.7% against the previous year. In general, the export price showed a mild descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by 20% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Saudi Arabia ($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 the United States (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Puree Imports

Imports into Bulgaria

In 2022, overseas purchases of vegetable puree decreased by -25.2% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 46%. Imports peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, vegetable puree imports dropped to $X in 2022. In general, imports, however, saw a prominent increase. The growth pace was the most rapid in 2020 with an increase of 70% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

Austria (X tons), Poland (X tons) and Slovenia (X tons) were the main suppliers of vegetable puree imports to Bulgaria, together comprising 77% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +35.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of vegetable puree to Bulgaria, comprising 62% of total imports. The second position in the ranking was taken by Poland ($X), with a 17% share of total imports. It was followed by Slovenia, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Austria amounted to +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+31.9% per year) and Slovenia (+7.4% per year).

Import Prices by Country

The average vegetable puree import price stood at $X per ton in 2022, growing by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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