Bulgaria: Apricot Market 2024

Apricot Market Size in Bulgaria

The Bulgarian apricot market declined slightly to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Apricot consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Apricot Production in Bulgaria

In value terms, apricot production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, posted buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Apricot production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

In 2022, the average apricot yield in Bulgaria shrank to X tons per ha, waning by X% on the previous year's figure. Overall, the yield indicated a noticeable increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, apricot yield increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the yield increased by X% against the previous year. Over the period under review, the average apricot yield hit record highs at X tons per ha in 2017; however, from 2018 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of apricots production in Bulgaria shrank to X ha, with a decrease of X% against the previous year. In general, the harvested area saw a noticeable setback. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The apricot harvested area peaked at X ha in 2019; however, from 2020 to 2022, the harvested area failed to regain momentum.

Apricot Exports

Exports from Bulgaria

In 2022, overseas shipments of apricots increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, apricot exports soared to $X in 2022. In general, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for apricot exports from Bulgaria, accounting for a X% share of total exports. Moreover, apricot exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), threefold. The third position in this ranking was held by Belarus (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Belarus (X% per year).

In value terms, the largest markets for apricot exported from Bulgaria were Germany ($X), Poland ($X) and Belarus ($X), together comprising X% of total exports.

Among the main countries of destination, Poland, with a CAGR of X%, recorded 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 apricot export price amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Germany ($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 Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Apricot Imports

Imports into Bulgaria

After two years of decline, purchases abroad of apricots increased by X% to X tons in 2022. Over the period under review, imports posted prominent growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, apricot imports soared to $X in 2022. In general, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Greece (X tons) constituted the largest apricot supplier to Bulgaria, accounting for a X% share of total imports. Moreover, apricot imports from Greece exceeded the figures recorded by the second-largest supplier, Turkey (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume from Greece stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Germany (X% per year).

In value terms, the largest apricot suppliers to Bulgaria were Greece ($X), Turkey ($X) and Germany ($X), with a combined X% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 apricot import price amounted to $X per ton, declining by X% against the previous year. In general, the import price, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 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 Turkey ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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