Bulgaria - Vodka - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Spirits, Liqueurs and Other Spirituous Beverages in Bulgaria - 2023
Contents:
- Price for Spirits, Liqueurs and Other Spirituous Beverages in Bulgaria (CIF) - 2023
- Price for Spirits, Liqueurs and Other Spirituous Beverages in Bulgaria (FOB) - 2023
- Imports of Spirits, Liqueurs and Other Spirituous Beverages in Bulgaria
- Exports of Spirits, Liqueurs and Other Spirituous Beverages in Bulgaria
Price for Spirits, Liqueurs and Other Spirituous Beverages in Bulgaria (CIF) - 2023
In September 2023, the average import price for spirits, liqueurs and other spirituous beverages amounted to $5.8 per litre, therefore, remained relatively stable against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in January 2023 an increase of 27% m-o-m. Over the period under review, average import prices hit record highs in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($16.1 per litre), while the price for Poland ($1.9 per litre) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spirits, Liqueurs and Other Spirituous Beverages in Bulgaria (FOB) - 2023
The average export price for spirits, liqueurs and other spirituous beverages stood at $2.2 per litre in September 2023, dropping by -34.7% against the previous month. In general, export price indicated a temperate expansion from September 2022 to September 2023: its price increased at an average monthly rate of +2.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, export price for spirits, liqueurs and other spirituous beverages increased by +15.9% against July 2023 indices. The growth pace was the most rapid in August 2023 when the average export price increased by 78% m-o-m. As a result, the export price attained the peak level of $3.3 per litre, and then fell dramatically in the following month.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was North Macedonia ($5.9 per litre), while the average price for exports to the United States ($1.3 per litre) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spirits, Liqueurs and Other Spirituous Beverages in Bulgaria
In 2022, imports of spirits, liqueurs and other spirituous beverages into Bulgaria rose markedly to 10M litres, surging by 14% compared with 2021 figures. The total import volume increased at an average annual rate of +7.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of spirits, liqueurs and other spirituous beverages reached $44M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Spirits, Liqueurs and Other Spirituous Beverages in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 5.5 | 6.3 | 7.9 | 7.8 | 12.4% |
| Romania | N/A | 0.1 | 1.2 | 5.5 | 641.6% |
| Germany | 2.6 | 2.4 | 3.7 | 4.7 | 21.8% |
| Italy | 5.2 | 4.2 | 6.3 | 4.2 | -6.9% |
| Netherlands | 5.6 | 5.1 | 6.6 | 3.6 | -13.7% |
| Latvia | 0.4 | 1.0 | 1.7 | 3.0 | 95.7% |
| Russia | 4.3 | 3.9 | 4.7 | 2.6 | -15.4% |
| France | 1.4 | 0.8 | 1.0 | 1.6 | 4.6% |
| Sweden | 1.3 | 1.0 | 1.0 | 1.5 | 4.9% |
| United Kingdom | 2.8 | 2.2 | 1.0 | 1.2 | -24.6% |
| Poland | 0.3 | 0.3 | 0.4 | 0.9 | 44.2% |
| Lithuania | 0.6 | 0.4 | 0.6 | 0.8 | 10.1% |
| Ukraine | 0.3 | 0.3 | 0.4 | 0.6 | 26.0% |
| Others | 5.9 | 4.0 | 4.4 | 5.8 | -0.6% |
| Total | 36.1 | 32.0 | 40.9 | 43.8 | 6.7% |
Top Suppliers of Spirits, Liqueurs and Other Spirituous Beverages to Bulgaria in 2022:
- Greece (2638.8K litres)
- Germany (1264.8K litres)
- Russia (982.2K litres)
- Romania (784.6K litres)
- Sweden (487.9K litres)
- Lithuania (446.0K litres)
- Ukraine (434.3K litres)
- Poland (415.6K litres)
- Netherlands (393.4K litres)
- Latvia (366.7K litres)
- France (364.1K litres)
- Italy (332.2K litres)
- United Kingdom (298.3K litres)
Exports of Spirits, Liqueurs and Other Spirituous Beverages in Bulgaria
In 2022, after three years of growth, there was significant decline in shipments abroad of spirits, liqueurs and other spirituous beverages, when their volume decreased by -26.4% to 11M litres. The total export volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. As a result, the exports reached the peak of 15M litres, and then declined markedly in the following year.
In value terms, exports of spirits, liqueurs and other spirituous beverages dropped notably to $21M in 2022. Overall, total exports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +4.9% over the last three years. The trend pattern, however, 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% against the previous year. As a result, the exports attained the peak of $28M, and then reduced remarkably in the following year.
| Export of Spirits, Liqueurs and Other Spirituous Beverages in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 5.5 | 8.1 | 11.0 | 7.7 | 11.9% |
| Poland | 2.2 | 2.3 | 2.1 | 2.8 | 8.4% |
| Italy | 4.0 | 3.9 | 5.4 | 1.8 | -23.4% |
| United Arab Emirates | N/A | 0.9 | 0.9 | 1.5 | 29.1% |
| Morocco | 0.5 | 0.9 | 1.6 | 1.2 | 33.9% |
| Lithuania | 0.4 | 0.7 | 0.7 | 0.7 | 20.5% |
| Algeria | 0.5 | 0.6 | 0.9 | 0.5 | 0.0% |
| Nigeria | 1.2 | 1.3 | 0.7 | 0.5 | -25.3% |
| Others | 3.7 | 3.7 | 4.4 | 4.2 | 4.3% |
| Total | 18.1 | 22.3 | 27.8 | 20.9 | 4.9% |
Top Export Markets for Spirits, Liqueurs and Other Spirituous Beverages from Bulgaria in 2022:
- Romania (5.7M litres)
- United Arab Emirates (1.0M litres)
- Poland (1.0M litres)
- Morocco (0.6M litres)
- Italy (0.5M litres)
- Lithuania (0.5M litres)
- Algeria (0.3M litres)
- Nigeria (0.3M litres)
This report provides an in-depth analysis of the market for spirits, liqueurs and other spirituous beverages 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 11011063 - Vodka of an alcoholic strength by volume of . .45,4 % (important: excluding alcohol duty)
- Prodcom 11011065 - Spirits distilled from fruit (excluding liqueurs, gin, geneva, g rape wine or grape marc (important: excluding alcohol duty))
- Prodcom 11011070 - Pure alcohols (important: excluding alcohol duty)
- Prodcom 11011080 - Spirits, liqueurs and other spirituous beverages (excluding spirits distilled from grape wine, grape marc or fruit/whisky, r um, tafia, gin and geneva, spirits distilled from fruit)
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
-
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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