Bulgaria: Cereal Flour Market Overview 2021

Cereal Flour Market Size in Bulgaria

The Bulgarian cereal flour market declined to $X in 2020, shrinking by -X% against the previous year. Overall, consumption recorded a noticeable decline. The growth pace was the most rapid in 2011 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Cereal Flour Production in Bulgaria

In value terms, cereal flour production reduced to $X in 2020 estimated in export prices. Over the period under review, production saw a mild downturn. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. From 2012 to 2020, production growth remained at a lower figure.

Cereal Flour Exports

Exports from Bulgaria

In 2020, approx. X tonnes of cereal flours were exported from Bulgaria; growing by X% against 2019 figures. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, exports reached the maximum in 2020 and are expected to retain growth in the near future.

In value terms, cereal flour exports skyrocketed to $X in 2020. In general, exports saw a strong increase. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Exports peaked at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

France (X tonnes), Greece (X tonnes) and Romania (X tonnes) were the main destinations of cereal flour exports from Bulgaria, together accounting for X% of total exports.

From 2007 to 2020, the biggest increases were in France (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cereal flour exported from Bulgaria were France ($X), Greece ($X) and Romania ($X), with a combined X% share of total exports.

France (+X% per year) saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average cereal flour export price amounted to $X per tonne, growing by X% against the previous year. Overall, the export price, however, recorded a slight shrinkage. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2012 to 2020, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Greece ($X per tonne), while the average price for exports to France ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Greece, while the prices for the other major destinations experienced a decline.

Cereal Flour Imports

Imports into Bulgaria

Cereal flour imports into Bulgaria rose significantly to X tonnes in 2020, growing by X% on the year before. In general, imports saw strong growth. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure in 2020 and are likely to continue growth in the immediate term.

In value terms, cereal flour imports reduced slightly to $X in 2020. Overall, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Imports peaked at $X in 2019, and then contracted slightly in the following year.

Imports by Country

In 2020, Greece (X tonnes) constituted the largest cereal flour supplier to Bulgaria, accounting for a X% share of total imports. Moreover, cereal flour imports from Greece exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), more than tenfold. The third position in this ranking was occupied by Austria (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Greece stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Austria (+X% per year).

In value terms, Greece ($X) constituted the largest supplier of cereal flour to Bulgaria, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Greece amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Austria (+X% per year).

Import Prices by Country

The average cereal flour import price stood at $X per tonne in 2020, which is down by -X% against the previous year. In general, the import price saw a slight descent. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2009 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per tonne), while the price for Slovenia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cereal flours in the world?

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The country with the largest volume of cereal flour consumption was China (79M tonnes), comprising approx. 19% of total volume. Moreover, cereal flour consumption in China exceeded the figures recorded by the second-largest consumer, India (24M tonnes), threefold. The U.S. (18M tonnes) ranked third in terms of total consumption with a 4.6% share.

What are the largest producers of cereal flours in the world?

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China (79M tonnes) constituted the country with the largest volume of cereal flour production, accounting for 19% of total volume. Moreover, cereal flour production in China exceeded the figures recorded by the second-largest producer, India (24M tonnes), threefold. The U.S. (18M tonnes) ranked third in terms of total production with a 4.5% share.

What are the leading suppliers of cereal flours to Bulgaria?

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In value terms, Greece ($7M) constituted the largest supplier of cereal flour to Bulgaria, comprising 76% of total imports. The second position in the ranking was occupied by Italy ($872K), with a 9.6% share of total imports. It was followed by Austria, with a 2.7% share.

What are the leading importers of cereal flours from Bulgaria?

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In value terms, France ($9.8M), Greece ($9.1M) and Romania ($1.3M) appeared to be the largest markets for cereal flour exported from Bulgaria worldwide, with a combined 97% share of total exports.

What is the average export price for cereal flours in Bulgaria?

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The average cereal flour export price stood at $349 per tonne in 2020, surging by 12% against the previous year.

What is the average import price for cereal flours in Bulgaria?

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The average cereal flour import price stood at $427 per tonne in 2020, with a decrease of -12.2% against the previous year.