Bulgarian Agricultural Industry’s Final Output Up By 19.7% In 2022, Y/Y

Jerusalem, 20 December, 2022 (TPS) -- SOFIA, 20.12.2022 13:00 (BTA)
According to the first estimate of Economic Accounts for Agriculture, the final output of the agricultural industry in Bulgaria at basic prices in 2022 amounted to 12 903.2 million BGN, which was by 19.7% higher than in the previous year. The increase was due to the price increase by 29.7%, while volumes decreased by 8.7%, the National Statistical Institute reported Tuesday.

The value of crop output amounted to BGN 9,643.4 million in 2022 and increased by 19.6% year on year. The rise was due to a considerable price increase by 33.9%, while a decrease of 10.7% in volumes was observed. The drop in volumes of crop output is mainly due to the decrease in volumes of cereals – by 16.3% because of lower harvest in 2022, compared to 2021. A price increase of all main crops was registered, but the highest was in cereals – by 49.1%, caused by the rise in the prices of wheat and spelt by 52.3%, rye – by 67.8%, barley – by 61.5% and grain maize – by 40.7%.

The animal output was estimated at BGN 2,405.4 million, an increase by 22.5% compared to the previous year, resulting from a price increase by 21.8%, while the volumes were almost at the same level as in 2021, with a slight increase by 0.6%.

The value of means of production currently consumed in agriculture in 2022 amounted to BGN 7,226.1 million, which was 28.8% higher than the previous year. The increase was due to the price increase by 31.8%, while a decrease in volumes was observed by 2.3%.

Gross value added at basic prices produced in agriculture in 2022 was estimated at BGN 5,677.1 million and was 9.9% higher than in 2021. Once again, the increase was due to a price increase by 27.1% and volumes decrease by 13.5%.

The value index of income at factor cost increased by 16.5% and net operating surplus/mixed income – by 19%, which was due to the price increase of agricultural output in 2022 compared to 2021. The value index of net entrepreneurial income in agriculture in 2022 increased by 11.4% in comparison to 2021.