Report Update Apr 1, 2024

Bulgaria - Hazelnuts - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Hazelnut Market 2024

Hazelnut Market Size in Bulgaria

In 2022, the Bulgarian hazelnut market decreased by X% to $X, falling for the second year in a row after four years of growth. In general, consumption, however, showed prominent growth. Hazelnut consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Hazelnut Production in Bulgaria

In value terms, hazelnut production soared to $X in 2022 estimated in export price. In general, production showed a resilient increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Hazelnut production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of hazelnuts in Bulgaria surged to X kg per ha, increasing by X% on the previous year. Over the period under review, the yield indicated a mild 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, hazelnut yield decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the yield increased by X% against the previous year. Over the period under review, the average hazelnut yield attained the peak level at X kg per ha in 2015; however, from 2016 to 2022, the 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.

In 2022, the total area harvested in terms of hazelnuts production in Bulgaria fell to X ha, with a decrease of X% compared with the previous year. Over the period under review, the harvested area, however, saw buoyant growth. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X% against the previous year. The hazelnut harvested area peaked at X ha in 2021, and then dropped in the following year.

Hazelnut Exports

Exports from Bulgaria

In 2022, the amount of hazelnuts exported from Bulgaria skyrocketed to X tons, with an increase of X% compared with 2021. In general, exports continue to indicate measured growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, hazelnut exports surged to $X in 2022. Over the period under review, exports, however, saw a pronounced decline. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for hazelnut exports from Bulgaria, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to X%.

In value terms, Italy ($X) also remains the key foreign market for hazelnuts exports from Bulgaria.

From 2012 to 2022, the average annual growth rate of value to Italy stood at X%.

Export Prices by Country

The average hazelnut export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to X% per year.

Hazelnut Imports

Imports into Bulgaria

In 2022, overseas purchases of hazelnuts decreased by X% to X kg for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, hazelnut imports dropped significantly to $X in 2022. In general, imports showed a significant contraction. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then shrank markedly in the following year.

Imports by Country

In 2022, Greece (X kg) was the main supplier of hazelnut to Bulgaria, accounting for a approx. X% share of total imports.

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

In value terms, Greece ($X) constituted the largest supplier of hazelnuts to Bulgaria.

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

Import Prices by Country

The average hazelnut import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price continues to indicate a perceptible expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Greece.

From 2012 to 2022, the rate of growth in terms of prices for Romania amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hazelnuts in the world?

The country with the largest volume of hazelnut consumption was Turkey, comprising approx. 60% of total volume. Moreover, hazelnut consumption in Turkey exceeded the figures recorded by the second-largest consumer, Italy, sixfold. The third position in this ranking was held by Azerbaijan, with a 5.2% share.

What are the largest producers of hazelnuts in the world?

Turkey constituted the country with the largest volume of hazelnut production, accounting for 60% of total volume. Moreover, hazelnut production in Turkey exceeded the figures recorded by the second-largest producer, Italy, sixfold. The third position in this ranking was held by the United States, with a 5.6% share.

What are the leading suppliers of hazelnuts to Bulgaria?

In value terms, Greece constituted the largest supplier of hazelnuts to Bulgaria.

What are the leading importers of hazelnuts from Bulgaria?

In value terms, Italy remains the key foreign market for hazelnuts exports from Bulgaria.

What is the average export price for hazelnuts in Bulgaria?

In 2022, the average hazelnut export price amounted to $3,859 per ton, declining by -9.8% against the previous year.

What is the average import price for hazelnuts in Bulgaria?

In 2022, the average hazelnut import price amounted to $7,928 per ton, picking up by 157% against the previous year.

This report provides an in-depth analysis of the hazelnut market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 225 - Hazelnuts (Filberts)

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023