Bulgaria: Dry Peas Market 2024

Dry Peas Market Size in Bulgaria

The Bulgarian dry peas market shrank markedly to $X in 2023, dropping by X% against the previous year. Overall, consumption, however, enjoyed a significant expansion. As a result, consumption reached the peak level of $X, and then declined rapidly in the following year.

Dry Peas Production in Bulgaria

In value terms, dry peas production stood at $X in 2023 estimated in export price. Overall, production showed a deep reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

The average yield of peas (dry) in Bulgaria skyrocketed to X tons per ha in 2023, growing by X% against 2022. In general, the yield showed notable growth. The growth pace was the most rapid in 2016 when the yield increased by X%. Over the period under review, the average dry peas yield hit record highs at X tons per ha in 2017; however, from 2018 to 2023, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of peas (dry) were harvested in Bulgaria; with a decrease of X% on the previous year. Overall, the harvested area, however, recorded prominent growth. The pace of growth appeared the most rapid in 2022 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha, and then declined notably in the following year.

Dry Peas Exports

Exports from Bulgaria

For the fourth year in a row, Bulgaria recorded decline in overseas shipments of peas (dry), which decreased by X% to X tons in 2023. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, dry peas exports dropped markedly to $X in 2023. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X tons) was the main destination for dry peas exports from Bulgaria, with a X% share of total exports. Moreover, dry peas exports to Greece exceeded the volume sent to the second major destination, Italy (X tons), fourfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Greece stood at X%.

In value terms, the largest markets for dry peas exported from Bulgaria were Greece ($X) and Italy ($X).

Greece, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average dry peas export price stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Greece totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Peas Imports

Imports into Bulgaria

In 2023, approx. X tons of peas (dry) were imported into Bulgaria; increasing by X% against 2022 figures. Overall, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of X tons. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, dry peas imports rose notably to $X in 2023. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, Ukraine (X tons) constituted the largest dry peas supplier to Bulgaria, with a X% share of total imports. Moreover, dry peas imports from Ukraine exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Hungary (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Ukraine totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Hungary (X% per year).

In value terms, the largest dry peas suppliers to Bulgaria were Germany ($X), Ukraine ($X) and Hungary ($X), with a combined X% share of total imports.

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

Import Prices by Country

The average dry peas import price stood at $X per ton in 2023, dropping by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2022, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform