Bulgaria: Market for Flax, Raw Or Retted 2022

Market Size for Flax, Raw Or Retted in Bulgaria

The Bulgarian flax, raw or retted market rose remarkably to $X in 2021, with an increase of X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the immediate term.

Production of Flax, Raw Or Retted in Bulgaria

In value terms, flax, raw or retted production expanded sharply to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

In 2021, the average flax, raw or retted yield in Bulgaria stood at less than X kg per ha, almost unchanged from the year before. In general, the yield recorded 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.

In 2021, approx. less than X ha of flax, raw or retted were harvested in Bulgaria; almost unchanged from the previous year's figure. Overall, the harvested area saw a relatively flat trend pattern.

Exports of Flax, Raw Or Retted

Exports from Bulgaria

In 2021, shipments abroad of flax, raw or retted decreased by X% to less than X kg, falling for the sixth year in a row after four years of growth. Over the period under review, exports saw a prominent increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, flax, raw or retted exports stood at less than $X in 2021. Overall, exports recorded a significant decrease. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for flax, raw or retted exports from Bulgaria, with a X% share of total exports. It was followed by Greece (X kg), with less than X% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to the Netherlands amounted to +X%.

In value terms, the Netherlands ($X) remains the key foreign market for flax, raw or retted exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Greece ($X), with a X% share of total exports.

From 2012 to 2019, the average annual growth rate of value to the Netherlands stood at -X%.

Export Prices by Country

In 2019, the average flax, raw or retted export price amounted to $X per ton, which is down by -X% against the previous year. In general, the export price recorded a sharp descent. The most prominent rate of growth was recorded in 2016 when the average export price decreased by less than X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2019, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Greece ($X per ton), while the average price for exports to the Netherlands amounted to $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Greece (X%).

Imports of Flax, Raw Or Retted

Imports into Bulgaria

In 2021, the amount of flax, raw or retted imported into Bulgaria was estimated at less than X kg, standing approx. at the previous year's figure. Over the period under review, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, flax, raw or retted imports amounted to less than $X in 2021. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2019, Egypt (X kg) was the main flax, raw or retted supplier to Bulgaria, with a X% share of total imports. Moreover, flax, raw or retted imports from Egypt exceeded the figures recorded by the second-largest supplier, Greece (X kg), more than tenfold.

From 2012 to 2019, the average annual rate of growth in terms of volume from Egypt totaled +X%.

In value terms, Egypt ($X) constituted the largest supplier of flax, raw or retted to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by Greece ($X), with an X% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of value from Egypt totaled +X%.

Import Prices by Country

The average flax, raw or retted import price stood at $X per ton in 2019, growing by X% against the previous year. Over the period under review, the import price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2019, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Greece ($X per ton), while the price for Egypt stood at $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Egypt (+X%).

Source: IndexBox Platform

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