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Bulgaria - Cocoa Butter - Market Analysis, Forecast, Size, Trends And Insights
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Bulgaria: Cocoa Butter Market Overview 2020

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Cocoa Butter Market Size in Bulgaria

The revenue of the cocoa butter market in Bulgaria amounted to $X in 2018, jumping by X% against the previous year. In general, the total market indicated a remarkable increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cocoa butter consumption decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Cocoa butter consumption peaked at $X in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.

Cocoa Butter Production in Bulgaria

In value terms, cocoa butter production amounted to $X in 2018 estimated in export prices. In general, cocoa butter production continues to indicate an outstanding increase. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Cocoa butter production peaked at $X in 2011; however, from 2012 to 2018, production failed to regain its momentum.

Cocoa Butter Exports

Exports from Bulgaria

In 2018, the amount of cocoa butter exported from Bulgaria amounted to X tonnes, rising by X% against the previous year. Overall, cocoa butter exports continue to indicate remarkable growth. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, cocoa butter exports reached their peak figure in 2018 and are likely to continue its growth in the immediate term.

In value terms, cocoa butter exports totaled $X in 2018. Over the period under review, cocoa butter exports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Turkey (X tonnes) was the main destination for cocoa butter exports from Bulgaria, accounting for a X% share of total exports. Moreover, cocoa butter exports to Turkey exceeded the volume sent to the second major destination, Austria (X tonnes), fivefold. The third position in this ranking was occupied by Romania (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Turkey amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+X% per year) and Romania (+X% per year).

In value terms, Turkey ($X) remains the key foreign market for cocoa butter exports from Bulgaria, comprising X% of total cocoa butter exports. The second position in the ranking was occupied by Romania ($X), with a X% share of total exports. It was followed by Serbia, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Turkey stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and Serbia (+X% per year).

Export Prices by Country

In 2018, the average cocoa butter export price amounted to $X per tonne, growing by X% against the previous year. Overall, the export price indicated measured growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cocoa butter export price increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for cocoa butter reached their maximum at $X per tonne in 2009; however, from 2010 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Serbia ($X per tonne), while the average price for exports to Austria ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Serbia, while the prices for the other major destinations experienced mixed trend patterns.

Cocoa Butter Imports

Imports into Bulgaria

In 2018, the amount of cocoa butter imported into Bulgaria amounted to X tonnes, waning by -X% against the previous year. Overall, cocoa butter imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tonnes in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

In value terms, cocoa butter imports amounted to $X in 2018. Over the period under review, cocoa butter imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the Netherlands (X tonnes) constituted the largest cocoa butter supplier to Bulgaria, accounting for a X% share of total imports. Moreover, cocoa butter imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tonnes), fourfold. Ghana (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from the Netherlands stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Ghana (+X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of cocoa butter to Bulgaria, comprising X% of total cocoa butter imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from the Netherlands totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Ghana (+X% per year).

Import Prices by Country

The average cocoa butter import price stood at $X per tonne in 2018, picking up by X% against the previous year. Over the period under review, the import price indicated a mild expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cocoa butter import price decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% year-to-year. In that year, the average import prices for cocoa butter attained their peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average import prices for cocoa butter remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2018, the highest prices were recorded for prices from Turkey ($X per tonne) and the Netherlands ($X per tonne), while the price for Algeria ($X per tonne) and France ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 10821200 - Cocoa butter, fat and oil

This report provides an in-depth analysis of the cocoa butter market 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.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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