Bulgaria - Sardines (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Sardines Price in Bulgaria - 2023
Contents:
- Preserved Sardines Price in Bulgaria (FOB) - 2022
- Preserved Sardines Price in Bulgaria (CIF) - 2022
- Preserved Sardines Exports in Bulgaria
- Preserved Sardines Imports in Bulgaria
Preserved Sardines Price in Bulgaria (FOB) - 2022
The average preserved sardines export price stood at $3,695 per ton in 2022, surging by 4.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2017 an increase of 17%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Greece ($4,674 per ton) and Serbia ($3,887 per ton), while the average price for exports to Bosnia and Herzegovina ($3,414 per ton) and Romania ($3,633 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.
Preserved Sardines Price in Bulgaria (CIF) - 2022
In 2022, the average preserved sardines import price amounted to $3,664 per ton, approximately reflecting the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved sardines import price increased by +14.9% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 36%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Greece ($4,452 per ton), while the price for Thailand ($1,244 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Sardines Exports in Bulgaria
In 2022, shipments abroad of sardines (prepared or preserved) decreased by -28.6% to 320 tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 9.1%. As a result, the exports reached the peak of 469 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, preserved sardines exports plummeted to $1.2M in 2022. Over the period under review, exports saw a pronounced slump. The pace of growth appeared the most rapid in 2020 when exports increased by 13%.
| Export of Preserved Sardines in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 655 | 710 | 979 | 595 | -3.2% |
| Romania | 461 | 494 | 286 | 308 | -12.6% |
| Greece | 149 | 155 | 114 | 92.5 | -14.7% |
| Bosnia and Herzegovina | N/A | N/A | N/A | 54.1 | 0% |
| Hungary | N/A | 94.8 | 73.4 | N/A | -22.6% |
| Others | 78.8 | 61.5 | 133 | 135 | 19.7% |
| Total | 1,344 | 1,516 | 1,586 | 1,184 | -4.1% |
Top Export Markets for Preserved Sardines from Bulgaria in 2022:
- Serbia (153.1 tons)
- Romania (84.7 tons)
- Greece (19.8 tons)
- Bosnia and Herzegovina (15.9 tons)
Preserved Sardines Imports in Bulgaria
In 2022, after three years of growth, there was significant decline in overseas purchases of sardines (prepared or preserved), when their volume decreased by -20.5% to 182 tons. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +6.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 26% against the previous year.
In value terms, preserved sardines imports dropped dramatically to $668K in 2022. In general, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. As a result, imports attained the peak of $832K, and then contracted dramatically in the following year.
| Import of Preserved Sardines in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 114 | 221 | 389 | 260 | 31.6% |
| Lithuania | 82.8 | 45.3 | 31.2 | 108 | 9.3% |
| Greece | 61.4 | 84.4 | 145 | 106 | 20.0% |
| Latvia | 38.3 | 49.3 | 96.3 | 92.6 | 34.2% |
| Thailand | 64.1 | 113 | 42.7 | 46.2 | -10.3% |
| Poland | 19.9 | 15.3 | 16.0 | 12.6 | -14.1% |
| Indonesia | N/A | N/A | 38.6 | N/A | 0% |
| Others | 22.8 | 40.2 | 73.3 | 41.8 | 22.4% |
| Total | 404 | 569 | 832 | 668 | 18.2% |
Top Suppliers of Preserved Sardines to Bulgaria in 2022:
- Germany (62.5 tons)
- Thailand (37.2 tons)
- Lithuania (26.0 tons)
- Greece (23.8 tons)
- Latvia (23.6 tons)
- Poland (3.3 tons)
This report provides an in-depth analysis of the preserved sardines 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 10202530 - Prepared or preserved sardines, sardinella, brisling and sprats, whole or in pieces (excluding minced products and prepared meals and dishes)
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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