Bulgaria: Market for Cherries and Sour Cherries 2024

Market Size for Cherries and Sour Cherries in Bulgaria

The Bulgarian cherry and sour cherry market reduced to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, showed prominent growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Cherries and Sour Cherries in Bulgaria

In value terms, cherry and sour cherry production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Cherry and sour cherry production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of cherries and sour cherries in Bulgaria fell to X tons per ha in 2022, leveling off at 2021 figures. Overall, the yield indicated prominent growth 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, cherry and sour cherry yield decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the average cherry and sour cherry yield hit record highs at X tons per ha in 2015; however, from 2016 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, approx. X ha of cherries and sour cherries were harvested in Bulgaria; remaining relatively unchanged against the year before. Over the period under review, the total harvested area indicated measured growth 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, cherry and sour cherry harvested area decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to cherry and sour cherry production reached the peak figure at X ha in 2019; however, from 2020 to 2022, the harvested area stood at a somewhat lower figure.

Exports of Cherries and Sour Cherries

Exports from Bulgaria

For the third year in a row, Bulgaria recorded decline in shipments abroad of cherries and sour cherries, which decreased by X% to X tons in 2022. Over the period under review, exports, however, posted a mild expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, cherry and sour cherry exports shrank sharply to $X in 2022. Overall, exports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons) was the main destination for cherry and sour cherry exports from Bulgaria, accounting for a X% share of total exports. Moreover, cherry and sour cherry exports to Romania exceeded the volume sent to the second major destination, Poland (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Romania ($X), Poland ($X) and the UK ($X) were the largest markets for cherry and sour cherry exported from Bulgaria worldwide, with a combined X% share of total exports.

Romania, with a CAGR of X%, 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 cherry and sour cherry export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price recorded a perceptible slump. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

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

Imports of Cherries and Sour Cherries

Imports into Bulgaria

Cherry and sour cherry imports into Bulgaria fell markedly to X tons in 2022, waning by X% on the previous year's figure. Over the period under review, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. 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, cherry and sour cherry imports contracted dramatically to $X in 2022. In general, imports, however, continue to indicate slight growth. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume from Greece totaled X%.

In value terms, the largest cherry and sour cherry suppliers to Bulgaria were Greece ($X) and Turkey ($X).

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average cherry and sour cherry import price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price saw a perceptible decline. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average 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 amounted to $X per ton.

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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