Bulgaria - Lemons And Limes - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Bulgaria - Lemons And Limes - Market Analysis, Forecast, Size, Trends and Insights

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Lemon and Lime Price in Bulgaria - 2023

Contents:

  1. Lemon and Lime Price in Bulgaria (CIF) - 2023
  2. Lemon and Lime Price in Bulgaria (FOB) - 2023
  3. Lemon and Lime Imports in Bulgaria
  4. Lemon and Lime Exports in Bulgaria

Lemon and Lime Price in Bulgaria (CIF) - 2023

The average lemon and lime import price stood at $1,053 per ton in August 2023, surging by 5.5% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 an increase of 11% m-o-m. Over the period under review, average import prices attained the peak figure in August 2023.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($2,183 per ton), while the price for Turkey ($664 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Lemon and Lime Price in Bulgaria (FOB) - 2023

In July 2023, the average lemon and lime export price amounted to $1,619 per ton, growing by 32% against the previous month. Over the period under review, the export price, however, showed a noticeable contraction. The export price peaked at $2,642 per ton in August 2022; however, from September 2022 to July 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Romania ($1,669 per ton), while the average price for exports to Hungary stood at $698 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-0.9%), while the prices for the other major destinations experienced a decline.

Lemon and Lime Imports in Bulgaria

After three years of growth, overseas purchases of lemons and limes decreased by less than 0.1% to 39K tons in 2022. The total import volume increased at an average annual rate of +10.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 19%. As a result, imports reached the peak of 39K tons, leveling off in the following year.

In value terms, lemon and lime imports expanded modestly to $33M in 2022. The total import value increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Lemon and Lime in Bulgaria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey17.118.624.024.112.1%
Germany2.23.22.92.77.1%
Greece1.32.41.62.219.2%
Netherlands0.71.50.81.734.4%
Argentina1.10.90.50.7-14.0%
Spain0.71.50.40.4-17.0%
Others1.21.81.71.0-5.9%
Total24.329.931.832.910.6%

Top Suppliers of Lemon and Lime to Bulgaria in 2022:

  1. Turkey (30.2K tons)
  2. Greece (3.7K tons)
  3. Germany (1.9K tons)
  4. Netherlands (1.3K tons)
  5. Argentina (0.7K tons)
  6. Spain (0.4K tons)

Lemon and Lime Exports in Bulgaria

In 2022, lemon and lime exports from Bulgaria surged to 17K tons, rising by 17% compared with the previous year's figure. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +19.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 43%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, lemon and lime exports surged to $18M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Export of Lemon and Lime in Bulgaria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland2.82.54.78.243.1%
Romania2.23.32.73.415.6%
Hungary1.81.62.72.917.2%
Czech Republic1.62.12.12.19.5%
Germany0.20.51.20.644.2%
Croatia0.20.10.30.314.5%
Lithuania0.30.30.20.1-30.7%
Slovakia1.40.3N/A0.1-58.5%
Others0.20.20.10.1-20.6%
Total10.710.914.117.718.3%

Top Export Markets for Lemon and Lime from Bulgaria in 2022:

  1. Slovakia (undefinedK tons)
  2. Poland (7.2K tons)
  3. Hungary (3.1K tons)
  4. Romania (2.6K tons)
  5. Czech Republic (2.6K tons)
  6. Germany (0.8K tons)
  7. Croatia (0.3K tons)
  8. Lithuania (0.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the lemon and lime 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 497 - Lemons and limes

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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