Bulgaria - Breakfast Cereals - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBreakfast Cereal Price in Bulgaria - 2023
Contents:
- Breakfast Cereal Price in Bulgaria (FOB) - 2023
- Breakfast Cereal Price in Bulgaria (CIF) - 2023
- Breakfast Cereal Exports in Bulgaria
- Breakfast Cereal Imports in Bulgaria
Breakfast Cereal Price in Bulgaria (FOB) - 2023
In August 2023, the average breakfast cereal export price amounted to $3,576 per ton, shrinking by -1.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.5%. The pace of growth was the most pronounced in November 2022 an increase of 17% month-to-month. The export price peaked at $3,641 per ton in July 2023, and then declined modestly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($5,626 per ton), while the average price for exports to Italy ($2,051 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Breakfast Cereal Price in Bulgaria (CIF) - 2023
The average breakfast cereal import price stood at $3,399 per ton in August 2023, which is down by -11% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.1%. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 43% against the previous month. The import price peaked at $3,819 per ton in July 2023, and then fell in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the UK ($5,504 per ton), while the price for Romania ($2,192 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 Turkey (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Breakfast Cereal Exports in Bulgaria
In 2022, approx. 9.6K tons of breakfast cereals were exported from Bulgaria; flattening at the previous year. The total export volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 7.9% against the previous year. As a result, the exports reached the peak of 9.7K tons, leveling off in the following year.
In value terms, breakfast cereal exports expanded significantly to $30M in 2022. The total export value increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Breakfast Cereal in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 15.6 | 12.4 | 11.9 | 12.3 | -7.6% |
| United States | 3.5 | 7.0 | 7.6 | 9.0 | 37.0% |
| Italy | 0.9 | 1.1 | 1.2 | 1.3 | 13.0% |
| Germany | 1.5 | 1.7 | 1.2 | 1.0 | -12.6% |
| Romania | 0.5 | 0.5 | 0.7 | 0.9 | 21.6% |
| United Kingdom | 0.1 | 0.1 | 0.8 | 0.8 | 100.0% |
| France | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Others | 2.7 | 2.9 | 3.9 | 4.2 | 15.9% |
| Total | 24.9 | 26.1 | 27.7 | 29.8 | 6.2% |
Top Export Markets for Breakfast Cereal from Bulgaria in 2022:
- Greece (4.3K tons)
- United States (2.0K tons)
- Italy (0.7K tons)
- Romania (0.5K tons)
- France (0.3K tons)
- United Kingdom (0.3K tons)
- Germany (0.3K tons)
Breakfast Cereal Imports in Bulgaria
For the fourth year in a row, Bulgaria recorded growth in supplies from abroad of breakfast cereals, which increased by 4.6% to 7.4K tons in 2022. The total import volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 5.9% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, breakfast cereal imports surged to $23M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Breakfast Cereal in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 3.6 | 4.1 | 4.7 | 6.1 | 19.2% |
| Germany | 2.1 | 3.0 | 3.4 | 4.3 | 27.0% |
| Czech Republic | 2.0 | 2.2 | 2.3 | 3.0 | 14.5% |
| Denmark | 0.1 | 0.2 | 2.6 | 1.8 | 162.1% |
| Italy | 0.1 | 0.1 | 0.1 | 1.0 | 115.4% |
| North Macedonia | 0.8 | 0.9 | 1.0 | 1.0 | 7.7% |
| France | 1.0 | 1.2 | 1.0 | 1.0 | 0.0% |
| Turkey | 0.3 | 0.4 | 0.6 | 0.9 | 44.2% |
| Romania | 2.4 | 1.9 | 0.7 | 0.8 | -30.7% |
| Serbia | 0.8 | 0.6 | 0.5 | 0.5 | -14.5% |
| Greece | 0.5 | 0.4 | 0.1 | 0.4 | -7.2% |
| Austria | 0.1 | 0.3 | 0.4 | 0.4 | 58.7% |
| Belgium | 0.2 | 0.3 | 0.3 | 0.4 | 26.0% |
| Others | 0.7 | 0.7 | 1.9 | 1.4 | 26.0% |
| Total | 14.7 | 16.2 | 19.5 | 23.1 | 16.3% |
Top Suppliers of Breakfast Cereal to Bulgaria in 2022:
- Poland (2126.4 tons)
- Czech Republic (1274.5 tons)
- Germany (942.1 tons)
- Turkey (821.0 tons)
- France (385.4 tons)
- North Macedonia (330.0 tons)
- Romania (267.9 tons)
- Serbia (166.5 tons)
- Denmark (163.6 tons)
- Belgium (140.1 tons)
- Italy (118.8 tons)
- Austria (111.4 tons)
- Greece (108.6 tons)
This report provides an in-depth analysis of the breakfast cereal 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:
- Prodcom 10613351 - Muesli type preparations based on unroasted cereal flakes
- Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)
- Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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