Bulgaria - Sour Cherries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSour Cherry Price in Bulgaria - 2023
Contents:
- Sour Cherry Price in Bulgaria (FOB) - 2022
- Sour Cherry Price in Bulgaria (CIF) - 2022
- Sour Cherry Exports in Bulgaria
- Sour Cherry Imports in Bulgaria
Sour Cherry Price in Bulgaria (FOB) - 2022
The average sour cherry export price stood at $724 per ton in 2022, dropping by -31.1% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 7.7%. The export price peaked at $2,741 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($2,335 per ton), while the average price for exports to Romania ($695 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 Germany (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.
Sour Cherry Price in Bulgaria (CIF) - 2022
In 2022, the average sour cherry import price amounted to $385 per ton, dropping by -44.4% against the previous year. Overall, the import price showed a deep contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 33%. Over the period under review, average import prices reached the peak figure at $861 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
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 Hungary amounted to -0.3% per year.
Sour Cherry Exports in Bulgaria
In 2022, overseas shipments of sour cherries decreased by -10.9% to 1.1K tons, falling for the second year in a row after two years of growth. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -16.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 93% against the previous year. As a result, the exports attained the peak of 1.3K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, sour cherry exports dropped dramatically to $796K in 2022. Over the period under review, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2020 when exports increased by 95%. As a result, the exports reached the peak of $1.8M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Sour Cherry in Bulgaria (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 527 | 191 | 463 | 717 | 10.8% |
Italy | 14.4 | 821 | 593 | 50.2 | 51.6% |
United Kingdom | 242 | 249 | N/A | 8.3 | -67.5% |
Spain | N/A | 147 | 33.1 | N/A | -77.5% |
Belgium | 79.5 | 85.0 | N/A | N/A | 6.9% |
Poland | N/A | 141 | 50.0 | N/A | -64.5% |
Others | 83.5 | 206 | 159 | 20.9 | -37.0% |
Total | 946 | 1,841 | 1,298 | 796 | -5.6% |
Top Export Markets for Sour Cherry from Bulgaria in 2022:
- Romania (1030.9 tons)
- Italy (52.3 tons)
- United Kingdom (3.6 tons)
Sour Cherry Imports in Bulgaria
In 2022, the amount of sour cherries imported into Bulgaria skyrocketed to 920 tons, jumping by 99% compared with the year before. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 435% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, sour cherry imports rose notably to $354K in 2022. Overall, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 331%.
Import of Sour Cherry in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Greece | 428 | 64.6 | 318 | 353 | -6.2% |
Others | 0.3 | 9.7 | 2.0 | 1.2 | 58.7% |
Total | 428 | 74.3 | 320 | 354 | -6.1% |
Top Suppliers of Sour Cherry to Bulgaria in 2022:
- Greece (919.3 tons)
This report provides an in-depth analysis of the sour cherry 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 530 - Sour cherries
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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