Bulgaria - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPig Fat Price in Bulgaria - 2023
Contents:
- Pig Fat Price in Bulgaria (CIF) - 2023
- Pig Fat Price in Bulgaria (FOB) - 2022
- Pig Fat Imports in Bulgaria
- Pig Fat Exports in Bulgaria
Pig Fat Price in Bulgaria (CIF) - 2023
In July 2023, the average pig fat import price amounted to $1,379 per ton, dropping by -8.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in October 2022 when the average import price increased by 8.5% against the previous month. Over the period under review, average import prices hit record highs at $1,722 per ton in January 2023; however, from February 2023 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Denmark ($1,487 per ton) and Spain ($1,426 per ton), while the price for Italy ($1,286 per ton) and Poland ($1,313 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Belgium (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Pig Fat Price in Bulgaria (FOB) - 2022
The average pig fat export price stood at $924 per ton in 2022, reducing by -27.4% against the previous year. In general, the export price showed a pronounced decline. The pace of growth was the most pronounced in 2019 an increase of 63% against the previous year. As a result, the export price attained the peak level of $1,459 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($1,504 per ton), while the average price for exports to Italy ($594 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Pig Fat Imports in Bulgaria
In 2022, approx. 13K tons of pig fat were imported into Bulgaria; picking up by 14% compared with the year before. Over the period under review, imports, however, recorded a pronounced setback.
In value terms, pig fat imports skyrocketed to $17M in 2022. In general, total imports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +3.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Pig Fat in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.2 | 3.1 | 2.2 | 4.4 | 11.2% |
| Spain | 1.4 | 1.1 | 1.4 | 4.0 | 41.9% |
| Italy | 2.1 | 0.9 | 1.3 | 2.8 | 10.1% |
| France | 2.0 | 0.7 | 1.1 | 1.8 | -3.5% |
| Netherlands | 1.3 | 1.4 | 1.4 | 0.8 | -14.9% |
| Belgium | 1.4 | 0.8 | 0.7 | 0.7 | -20.6% |
| Austria | 0.1 | N/A | 0.4 | 0.5 | 71.0% |
| Poland | 1.3 | 0.6 | 0.6 | 0.3 | -38.7% |
| Hungary | 1.3 | 0.4 | 0.2 | 0.2 | -46.4% |
| Others | 1.1 | 1.2 | 1.0 | 1.5 | 10.9% |
| Total | 15.3 | 10.2 | 10.3 | 17.2 | 4.0% |
Top Suppliers of Pig Fat to Bulgaria in 2022:
- Germany (3.3K tons)
- Spain (3.0K tons)
- Italy (2.1K tons)
- France (1.5K tons)
- Netherlands (0.7K tons)
- Belgium (0.6K tons)
- Austria (0.4K tons)
- Poland (0.3K tons)
- Hungary (0.3K tons)
Pig Fat Exports in Bulgaria
Pig fat exports from Bulgaria skyrocketed to 705 tons in 2022, jumping by 237% compared with the previous year. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, pig fat exports surged to $652K in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Pig Fat in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 23.4 | N/A | 51.8 | 252 | 120.8% |
| Romania | 23.9 | 3.1 | 3.2 | 140 | 80.3% |
| Greece | 123 | 200 | 94.0 | 119 | -1.1% |
| North Macedonia | N/A | N/A | N/A | 31.4 | 0% |
| Others | 20.0 | 25.0 | 118 | 109 | 76.0% |
| Total | 191 | 228 | 267 | 652 | 50.6% |
Top Export Markets for Pig Fat from Bulgaria in 2022:
- Italy (424.0 tons)
- Greece (122.6 tons)
- Romania (116.3 tons)
- North Macedonia (20.9 tons)
This report provides an in-depth analysis of the pig fat 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 10115040 - Pig fat free of lean meat, fresh, chilled, frozen, salted, in brine or smoked (excluding rendered)
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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