Bulgaria: Lentil Market 2024

Lentil Market Size in Bulgaria

The Bulgarian lentil market skyrocketed to $X in 2023, picking up by X% against the previous year. In general, consumption showed a prominent increase. Lentil consumption peaked in 2023 and is likely to continue growth in the immediate term.

Lentil Production in Bulgaria

In value terms, lentil production reached $X in 2023 estimated in export price. Overall, production showed significant growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Lentil production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

In 2023, the average yield of lentils in Bulgaria was estimated at X tons per ha, therefore, remained relatively stable against the previous year. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the yield increased by X% against the previous year. Over the period under review, the average lentil yield attained the maximum level at X tons per ha in 2016; however, from 2017 to 2023, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The lentil harvested area in Bulgaria amounted to X ha in 2023, increasing by X% on the year before. In general, the harvested area posted buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the harvested area dedicated to lentil production reached the maximum at X ha in 2021; however, from 2022 to 2023, the harvested area stood at a somewhat lower figure.

Lentil Exports

Exports from Bulgaria

For the fourth year in a row, Bulgaria recorded growth in overseas shipments of lentils, which increased by X% to X tons in 2023. Overall, exports posted a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2023 and are likely to continue growth in years to come.

In value terms, lentil exports totaled $X in 2023. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2023 and are likely to continue growth in years to come.

Exports by Country

Romania (X tons) was the main destination for lentil exports from Bulgaria, accounting for a X% share of total exports. Moreover, lentil exports to Romania exceeded the volume sent to the second major destination, Serbia (X tons), fourfold. The third position in this ranking was taken by Syrian Arab Republic (X tons), with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Syrian Arab Republic (X% per year).

In value terms, Romania ($X) remains the key foreign market for lentils exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Serbia ($X), with an X% share of total exports. It was followed by Greece, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Romania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Greece (X% per year).

Export Prices by Country

The average lentil export price stood at $X per ton in 2023, almost unchanged from the previous year. Overall, export price indicated a strong increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, lentil export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lentil Imports

Imports into Bulgaria

In 2023, the amount of lentils imported into Bulgaria soared to X tons, with an increase of X% against the year before. In general, total imports indicated a notable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, lentil imports soared to $X in 2023. Overall, imports recorded strong growth. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

Imports by Country

Canada (X tons), Russia (X tons) and Turkey (X tons) were the main suppliers of lentil imports to Bulgaria, with a combined X% share of total imports. Kazakhstan, Serbia and Greece lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Serbia (with a CAGR of X.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lentil suppliers to Bulgaria were Canada ($X), Russia ($X) and Turkey ($X), with a combined X% share of total imports. Serbia, Kazakhstan and Greece lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Serbia, with a CAGR of X.4%, recorded the highest rates of growth with regard to 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 2023, the average lentil import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, lentil import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2022, and then contracted in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Canada ($X per ton) and Turkey ($X per ton), while the price for Kazakhstan ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform