Report Update: May 1, 2024

Bulgaria - Dried Or Smoked Fish - Market Analysis, Forecast, Size, Trends and Insights

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Price for Dried or Smoked Fish in Bulgaria - 2023

Price for Dried or Smoked Fish in Bulgaria (FOB) - 2022

In 2022, the average dried or smoked fish export price amounted to $6,120 per ton, picking up by 1.8% against the previous year. Over the period under review, the export price continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2014 an increase of 59% against the previous year. Over the period under review, the average export prices reached the maximum at $11,721 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($15,643 per ton), while the average price for exports to Romania ($4,600 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 Romania (+9.0%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Dried or Smoked Fish in Bulgaria (CIF) - 2022

In 2022, the average dried or smoked fish import price amounted to $10,527 per ton, with a decrease of -3.3% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dried or smoked fish import price increased by +54.6% against 2018 indices. The growth pace was the most rapid in 2013 when the average import price increased by 65% against the previous year. The import price peaked at $10,887 per ton in 2021, and then shrank modestly in the following year.

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 Germany ($20,072 per ton), while the price for Poland ($6,592 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Dried or Smoked Fish in Bulgaria

In 2022, approx. 1.1K tons of dried or smoked fish were exported from Bulgaria; approximately reflecting 2021. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 73% against the previous year. As a result, the exports reached the peak of 1.1K tons, and then dropped modestly in the following year.

In value terms, dried or smoked fish exports reached $6.8M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 57%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Dried or Smoked Fish in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	2,290	2,505	3,487	2,934	8.6%
Greece	841	357	595	1,376	17.8%
United States	820	673	1,705	1,092	10.0%
Netherlands	236	214	172	660	40.9%
Sweden	424	234	156	237	-17.6%
Switzerland	35.0	237	230	234	88.4%
Others	495	131	464	315	-14.0%
Total	5,141	4,351	6,810	6,847	10.0%

Top Export Markets for Dried or Smoked Fish from Bulgaria in 2022:

Romania (637.8 tons)
Greece (187.4 tons)
United States (142.9 tons)
Netherlands (42.2 tons)
Sweden (36.1 tons)
Switzerland (29.6 tons)

Imports of Dried or Smoked Fish in Bulgaria

In 2022, approx. 470 tons of dried or smoked fish were imported into Bulgaria; with an increase of 6.1% on the previous year. Overall, imports, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2021 when imports increased by 9.7%.

In value terms, dried or smoked fish imports expanded slightly to $4.9M in 2022. The total import value increased at an average annual rate of +7.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Import of Dried or Smoked Fish in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	1,568	1,620	1,951	2,331	14.1%
Germany	662	701	1,003	1,107	18.7%
Lithuania	556	671	939	654	5.6%
Poland	300	402	403	511	19.4%
Czech Republic	48.3	241	152	137	41.6%
Italy	579	9.7	23.4	17.2	-69.0%
Others	273	238	351	189	-11.5%
Total	3,987	3,882	4,823	4,947	7.5%

Top Suppliers of Dried or Smoked Fish to Bulgaria in 2022:

Romania (246.1 tons)
Poland (77.6 tons)
Lithuania (70.8 tons)
Germany (55.2 tons)
Czech Republic (8.4 tons)
Italy (0.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for dried or smoked fish 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 10202100 - Fish fillets, dried, salted or in brine, but not smoked
Prodcom 10202350 - Dried fish, whether or not salted, fish, salted but not dried, fish in brine (excluding fillets, smoked, heads, tails and maws)
Prodcom 10202425 - Smoked Pacific, Atlantic and Danube salmon (including fillets, e xcluding heads, tails and maws)
Prodcom 10202455 - Smoked herrings (including fillets, excluding heads, tails and maws)
Prodcom 10202485 - Smoked fish (excluding herrings, Pacific, Atlantic and Danube salmon), including fillets, excluding head, tails and maws
Prodcom 10202200 - Flours, meals and pellets of fish, fit for human consumption, f ish livers and roes, dried, smoked, salted or in brine

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