Bulgaria: Spinach Market 2024

Spinach Market Size in Bulgaria

The Bulgarian spinach market shrank to $X in 2023, waning by X% against the previous year. Overall, consumption continues to indicate a pronounced reduction. Spinach consumption peaked at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Spinach Production in Bulgaria

In value terms, spinach production reduced to $X in 2023 estimated in export price. In general, production, however, recorded a strong increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

In 2023, the average spinach yield in Bulgaria was estimated at X tons per ha, with an increase of X% on the previous year. Overall, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. The spinach yield peaked at X tons per ha in 2013; however, from 2014 to 2023, the yield remained at a 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 harvested area of spinach in Bulgaria shrank markedly to X ha, waning by X% against 2022. Over the period under review, the harvested area, however, enjoyed a slight expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The spinach harvested area peaked at X ha in 2020; however, from 2021 to 2023, the harvested area stood at a somewhat lower figure.

Spinach Exports

Exports from Bulgaria

For the fourth consecutive year, Bulgaria recorded growth in overseas shipments of spinach, which increased by X% to X tons in 2023. In general, exports posted prominent growth. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, spinach exports surged to $X in 2023. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Luxembourg (X tons) was the main destination for spinach exports from Bulgaria, accounting for a X% share of total exports. Moreover, spinach exports to Luxembourg exceeded the volume sent to the second major destination, Belgium (X tons), sevenfold. France (X kg) ranked third in terms of total exports with a X% share.

From 2013 to 2023, the average annual rate of growth in terms of volume to Luxembourg stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and France (X% per year).

In value terms, Luxembourg ($X) remains the key foreign market for spinach exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2013 to 2023, the average annual rate of growth in terms of value to Luxembourg totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and France (X% per year).

Export Prices by Country

The average spinach export price stood at $X per ton in 2023, increasing by X% against the previous year. Overall, the export price showed a strong increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked in 2023 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spinach Imports

Imports into Bulgaria

In 2023, the amount of spinach imported into Bulgaria contracted rapidly to X tons, which is down by X% against the previous year. Overall, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, spinach imports declined to $X in 2023. In general, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Greece (X tons) constituted the largest supplier of spinach to Bulgaria, with a X% share of total imports. Moreover, spinach imports from Greece exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sevenfold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Greece totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Italy (X% per year).

In value terms, Greece ($X) constituted the largest supplier of spinach to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Greece amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2023, the average spinach import price amounted to $X per ton, rising by X% against the previous year. In general, the import price posted a temperate increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($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