Report Update: Apr 1, 2024

Bulgaria - Lactose And Lactose Syrup - Market Analysis, Forecast, Size, Trends And Insights

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Lactose Price in Bulgaria - 2023

Lactose Price in Bulgaria (CIF) - 2022

The average lactose import price stood at $2,478 per ton in 2022, jumping by 23% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 30% against the previous year. The import price peaked at $2,520 per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($5,085 per ton), while the price for Slovakia ($1,224 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Lactose Price in Bulgaria (FOB) - 2023

The average lactose export price stood at $1,126 per ton in August 2023, picking up by 8% against the previous month. Overall, export price indicated a noticeable expansion from August 2022 to August 2023: its price increased at an average monthly rate of +2.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, lactose export price increased by +8.0% against July 2023 indices. The growth pace was the most rapid in November 2022 when the average export price increased by 47% month-to-month. Over the period under review, the average export prices reached the peak figure at $1,400 per ton in January 2023; however, from February 2023 to August 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In August 2023, the country with the highest price was Greece ($1,136 per ton), while the average price for exports to Italy totaled $1,078 per ton.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Lactose Imports in Bulgaria

After two years of decline, purchases abroad of lactose and lactose syrup increased by 0.6% to 736 tons in 2022. Overall, imports, however, continue to indicate a abrupt curtailment.

In value terms, lactose imports surged to $1.8M in 2022. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Lactose in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	544	420	181	622	4.6%
Netherlands	218	365	433	488	30.8%
Greece	82.5	67.1	61.0	164	25.7%
Poland	193	237	133	153	-7.4%
Slovakia	62.8	40.9	151	112	21.3%
Germany	472	362	121	81.9	-44.2%
Lithuania	N/A	N/A	N/A	39.2	0%
France	83.2	88.8	224	35.9	-24.4%
Denmark	N/A	N/A	94.4	N/A	0%
Others	120	60.8	68.3	127	1.9%
Total	1,775	1,641	1,467	1,823	0.9%

Top Suppliers of Lactose to Bulgaria in 2022:

Romania (228.3 tons)
Netherlands (137.6 tons)
Poland (113.0 tons)
Slovakia (91.7 tons)
Greece (67.3 tons)
Germany (24.5 tons)
Lithuania (23.4 tons)
France (22.0 tons)

Lactose Exports in Bulgaria

After two years of decline, shipments abroad of lactose and lactose syrup increased by 3,400% to 2.7K tons in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lactose exports surged to $2.4M in 2022. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Lactose in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Greece	19.6	38.4	93.5	1,503	324.8%
Romania	0.9	N/A	1.5	345	626.4%
Poland	20.4	N/A	N/A	301	145.3%
Iran	N/A	N/A	N/A	110	0%
Spain	N/A	N/A	N/A	72.7	0%
Italy	N/A	N/A	N/A	70.1	0%
United Kingdom	793	267	N/A	N/A	-66.3%
Others	1.1	25.3	7.1	31.5	205.9%
Total	835	331	102	2,433	42.8%

Top Export Markets for Lactose from Bulgaria in 2022:

Greece (1868.1 tons)
Romania (302.9 tons)
Poland (280.5 tons)
Spain (89.3 tons)
Italy (78.4 tons)
Iran (41.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the lactose 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 10515400 - Lactose and lactose syrup (including chemically pure lactose)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023