Bulgaria: Chewing Gum Market 2022

Chewing Gum Exports

Exports from Bulgaria

In 2020, overseas shipments of chewing gum were finally on the rise to reach X tonnes after two years of decline. Overall, exports posted strong growth. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. The exports peaked at X tonnes in 2013; however, from 2014 to 2020, the exports failed to regain momentum.

In value terms, chewing gum exports skyrocketed to $X in 2020. In general, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2020, the exports remained at a lower figure.

Exports by Country

Romania (X tonnes), Greece (X tonnes) and Poland (X tonnes) were the main destinations of chewing gum exports from Bulgaria, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (+X%), while the other leaders experienced more modest paces of growth.

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

Among the main countries of destination, Romania, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chewing gum export price stood at $X per tonne in 2020, dropping by -X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per tonne. From 2015 to 2020, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Israel ($X per tonne), while the average price for exports to Spain ($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 North Macedonia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Chewing Gum Imports

Imports into Bulgaria

In 2020, purchases abroad of chewing gum was finally on the rise to reach X tonnes for the first time since 2016, thus ending a three-year declining trend. Overall, imports, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. As a result, imports attained the peak of X tonnes. From 2014 to 2020, the growth imports remained at a lower figure.

In value terms, chewing gum imports soared to $X in 2020. In general, imports, however, showed a mild expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. From 2014 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Turkey (X tonnes) constituted the largest chewing gum supplier to Bulgaria, accounting for a X% share of total imports. Moreover, chewing gum imports from Turkey exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), fivefold. The UK (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Turkey totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and the UK (-X% per year).

In value terms, Turkey ($X), Greece ($X) and the Netherlands ($X) appeared to be the largest chewing gum suppliers to Bulgaria, with a combined X% share of total imports. These countries were followed by Romania, the UK, Poland and Saudi Arabia, which together accounted for a further X the main suppliers, Romania, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chewing gum import price stood at $X per tonne in 2020, surging by X% against the previous year. In general, import price indicated buoyant growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2012 an increase of X% y-o-y. Over the period under review, average import prices reached the maximum at $X per tonne in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform