Report Update: May 1, 2024

Bulgaria - Condensed Or Evaporated Milk (Unsweetened) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Unsweetened Condensed and Evaporated Milk in Bulgaria - 2023

Price for Unsweetened Condensed and Evaporated Milk in Bulgaria (CIF) - 2023

In May 2023, the average import price for condensed or evaporated milk (unsweetened) amounted to $957 per ton, with a decrease of -45.1% against the previous month. Over the period under review, the import price showed a perceptible decline. The growth pace was the most rapid in April 2023 when the average import price increased by 49% m-o-m. As a result, import price reached the peak level of $1,744 per ton, and then reduced sharply in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Portugal ($4,260 per ton), while the price for Germany ($787 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Romania (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Unsweetened Condensed and Evaporated Milk in Bulgaria (FOB) - 2022

In 2022, the average export price for condensed or evaporated milk (unsweetened) amounted to $1,562 per ton, rising by 12% against the previous year. In general, the export price showed a noticeable increase. The pace of growth appeared the most rapid in 2016 an increase of 133%. As a result, the export price attained the peak level of $2,599 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($1,643 per ton), while the average price for exports to Greece stood at $1,307 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+3.8%).

Imports of Unsweetened Condensed and Evaporated Milk in Bulgaria

In 2022, overseas purchases of condensed or evaporated milk (unsweetened) decreased by -5.5% to 8K tons, falling for the second year in a row after two years of growth. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 12% against the previous year. As a result, imports attained the peak of 11K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, unsweetened condensed and evaporated milk imports surged to $12M in 2022. The total import value increased at an average annual rate of +12.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Unsweetened Condensed and Evaporated Milk in Bulgaria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	3.9	5.4	4.8	6.3	17.3%
Romania	0.7	0.8	0.8	1.5	28.9%
Netherlands	0.9	0.1	0.8	1.5	18.6%
Portugal	0.2	0.4	0.6	1.2	81.7%
Belgium	0.2	0.9	0.6	1.0	71.0%
Greece	N/A	0.6	1.0	0.2	-42.3%
France	0.3	0.5	1.0	0.2	-12.6%
Poland	1.8	1.0	0.1	N/A	-76.4%
Others	0.5	0.3	0.2	N/A	-36.8%
Total	8.5	10.0	9.9	11.9	11.9%

Top Suppliers of Unsweetened Condensed and Evaporated Milk to Bulgaria in 2022:

Germany (4611.5 tons)
Netherlands (1086.9 tons)
Romania (987.3 tons)
Belgium (686.7 tons)
Portugal (285.6 tons)
France (194.6 tons)
Greece (144.1 tons)

Exports of Unsweetened Condensed and Evaporated Milk in Bulgaria

In 2022, approx. 317 tons of condensed or evaporated milk (unsweetened) were exported from Bulgaria; dropping by -62.3% against 2021 figures. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 608%. As a result, the exports reached the peak of 840 tons, and then dropped notably in the following year.

In value terms, unsweetened condensed and evaporated milk exports reduced dramatically to $495K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 566% against the previous year. As a result, the exports attained the peak of $1.2M, and then declined markedly in the following year.

Export of Unsweetened Condensed and Evaporated Milk in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	N/A	48.6	1,153	375	177.8%
Greece	76.1	126	19.8	114	14.4%
United Arab Emirates	39.9	N/A	N/A	N/A	0%
Others	0.2	2.5	2.9	6.5	219.1%
Total	116	177	1,176	495	62.2%

Top Export Markets for Unsweetened Condensed and Evaporated Milk from Bulgaria in 2022:

Romania (228.1 tons)
Greece (87.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk 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:

FCL 894 - Whole Milk, Evaporated
FCL 895 - Skim Milk, Evaporated

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