Bulgaria: Asparagus Market 2024

Asparagus Market Size in Bulgaria

The Bulgarian asparagus market expanded markedly to $X in 2023, rising by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Asparagus Production in Bulgaria

In value terms, asparagus production expanded significantly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a buoyant increase. The growth pace was the most rapid in 2020 when the production volume increased by X%. Asparagus production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

In 2023, the average asparagus yield in Bulgaria expanded slightly to X tons per ha, surging by X% compared with the previous year. In general, the yield continues to indicate a significant increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The asparagus yield peaked at X tons per ha in 2021; however, from 2022 to 2023, 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 2023, the total area harvested in terms of asparagus production in Bulgaria reduced to X ha, with a decrease of X% on 2022 figures. Overall, the harvested area showed a significant curtailment. The pace of growth appeared the most rapid in 2022 with an increase of X%. Over the period under review, the harvested area dedicated to asparagus production attained the peak figure at X ha in 2012; however, from 2013 to 2023, the harvested area stood at a somewhat lower figure.

Asparagus Exports

Exports from Bulgaria

After two years of decline, shipments abroad of asparagus increased by X% to X tons in 2023. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked in 2023 and are expected to retain growth in the near future.

In value terms, asparagus exports soared to $X in 2023. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for asparagus exports from Bulgaria, with a X% share of total exports. Moreover, asparagus exports to the Netherlands exceeded the volume sent to the second major destination, Canada (X tons), fivefold.

From 2019 to 2023, the average annual rate of growth in terms of volume to the Netherlands amounted to X%.

In value terms, the Netherlands ($X) emerged as the key foreign market for asparagus exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2019 to 2023, the average annual growth rate of value to the Netherlands stood at X%.

Export Prices by Country

In 2023, the average asparagus export price amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Canada stood at $X per ton.

From 2019 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greece (X%).

Asparagus Imports

Imports into Bulgaria

In 2023, asparagus imports into Bulgaria soared to X tons, with an increase of X% against 2022 figures. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, asparagus imports soared to $X in 2023. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are likely to see steady growth in years to come.

Imports by Country

Spain (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of asparagus imports to Bulgaria, with a combined X% share of total imports.

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

In value terms, the largest asparagus suppliers to Bulgaria were Spain ($X), the Netherlands ($X) and Germany ($X), together accounting for X% of total imports.

Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average asparagus import price stood at $X per ton in 2023, dropping by X% against the previous year. In general, the import price, however, continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform