Bulgaria: Walnut Market 2025

Walnut Market Size in Bulgaria

The Bulgarian walnut market shrank to $X in 2021, dropping by -4.6% against the previous year. In general, consumption, however, recorded a resilient increase. Walnut consumption peaked at $X in 2020, and then declined modestly in the following year.

Walnut Production in Bulgaria

In value terms, walnut production declined to $X in 2021 estimated in export price. Overall, production saw a resilient expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by 123% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

In 2021, the average walnut yield in Bulgaria rose significantly to X kg per ha, picking up by 6.5% against 2020. Over the period under review, the yield, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2013 with an increase of 24%. As a result, the yield attained the peak level of X tons per ha. From 2014 to 2021, the growth of the average walnut yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The walnut harvested area in Bulgaria fell to X ha in 2021, with a decrease of -5.2% compared with 2020 figures. In general, the harvested area, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 82% against the previous year. The walnut harvested area peaked at X ha in 2020, and then contracted in the following year.

Walnut Exports

Exports from Bulgaria

In 2021, approx. X tons of walnuts were exported from Bulgaria; picking up by 41% compared with the previous year. In general, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 445%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, walnut exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of 604%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Albania (X tons), Greece (X tons) and Italy (X tons) were the main destinations of walnut exports from Bulgaria, with a combined 90% share of total exports.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +36.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Greece ($X), Albania ($X) and Italy ($X) appeared to be the largest markets for walnut exported from Bulgaria worldwide, with a combined 96% share of total exports.

Among the main countries of destination, Italy, with a CAGR of +36.3%, 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 mixed trend patterns.

Export Prices by Country

In 2021, the average walnut export price amounted to $X per ton, increasing by 82% against the previous year. Over the period under review, the export price saw a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Greece ($X per ton), while the average price for exports to Romania ($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 Albania (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Walnut Imports

Imports into Bulgaria

Walnut imports into Bulgaria dropped markedly to X tons in 2021, with a decrease of -33.4% against the previous year. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 232%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, walnut imports plummeted to $X in 2021. Overall, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 383% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of walnut to Bulgaria, with a 61% share of total imports. Moreover, walnut imports from the United States exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), twofold. Chile (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-6.3% per year) and Chile (+135.9% per year).

In value terms, the United States ($X) constituted the largest supplier of walnut to Bulgaria, comprising 75% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 12% share of total imports. It was followed by Chile, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-10.5% per year) and Chile (+79.5% per year).

Import Prices by Country

The average walnut import price stood at $X per ton in 2021, falling by -13.4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 46% against the previous year. The import price peaked at $X per ton in 2020, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+33.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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