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 12903.2 million BGN ($7 billion), which was by 19.7% higher than in the previous year.
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The increase was due to the price increase by 29.7%, while volumes decreased by 8.7%, the National Statistical Institute reported.
The value of crop output amounted to BGN 9,643.4 million ($5.2 billion) 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 ($1.3 billion), 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 ($7.9 billion), 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 ($3 billion) 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. ■