Bulgaria: Piper Pepper Market 2024

Piper Pepper Market Size in Bulgaria

In 2022, the Bulgarian piper pepper market increased by X% to $X, rising for the fourth year in a row after three years of decline. Overall, consumption enjoyed a strong expansion. Piper pepper consumption peaked in 2022 and is likely to see gradual growth in years to come.

Piper Pepper Production in Bulgaria

In value terms, piper pepper production fell notably to $X in 2022 estimated in export price. In general, production, however, recorded a significant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X,900% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of piper pepper in Bulgaria amounted to less than X kg per ha in 2022, remaining stable against the previous year's figure. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The piper pepper harvested area in Bulgaria was estimated at less than X ha in 2022, leveling off at the previous year. Over the period under review, the harvested area showed a relatively flat trend pattern.

Piper Pepper Exports

Exports from Bulgaria

Piper pepper exports from Bulgaria fell notably to X tons in 2022, which is down by X% compared with the previous year. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, piper pepper exports fell markedly to $X in 2022. Over the period under review, exports showed a noticeable decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hungary (X tons), North Macedonia (X tons) and Greece (X tons) were the main destinations of piper pepper exports from Bulgaria, together comprising X% of total exports. Slovakia, Poland, Romania and Georgia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) remains the key foreign market for piper pepper exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a X% share of total exports. It was followed by Greece, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Hungary stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Greece (X% per year).

Export Prices by Country

In 2022, the average piper pepper export price amounted to $X per ton, surging by X% against the previous year. In general, the export price saw a relatively flat trend pattern. 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 2022, amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Poland ($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 Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Piper Pepper Imports

Imports into Bulgaria

In 2022, piper pepper imports into Bulgaria declined modestly to X tons, shrinking by X% on the year before. Overall, imports recorded a slight reduction. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, piper pepper imports expanded rapidly to $X in 2022. Over the period under review, imports continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest supplier of piper pepper to Bulgaria, accounting for a X% share of total imports. Moreover, piper pepper imports from Vietnam exceeded the figures recorded by the second-largest supplier, Brazil (X tons), more than tenfold. The third position in this ranking was taken by Spain (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Spain (X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of piper pepper to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Vietnam was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Brazil (X% per year).

Import Prices by Country

The average piper pepper import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 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 the Netherlands ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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