Bulgaria: Cream Fresh Market 2024

Cream Fresh Market Size in Bulgaria

The Bulgarian cream fresh market surged to $X in 2022, picking up by X% against the previous year. Overall, consumption showed a significant expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in years to come.

Cream Fresh Production in Bulgaria

In value terms, cream fresh production shrank modestly to $X in 2022 estimated in export price. In general, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Cream Fresh Exports

Exports from Bulgaria

After four years of growth, shipments abroad of cream fresh decreased by X% to X tons in 2022. Over the period under review, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cream fresh exports reduced remarkably to $X in 2022. In general, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X tons) was the main destination for cream fresh exports from Bulgaria, with a X% share of total exports. Moreover, cream fresh exports to Greece exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fivefold. Cyprus (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Cyprus (X% per year).

In value terms, Greece ($X) emerged as the key foreign market for cream fresh exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total exports. It was followed by Cyprus, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Greece stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Cyprus (X% per year).

Export Prices by Country

The average cream fresh export price stood at $X per ton in 2022, surging by X% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cream fresh export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cream Fresh Imports

Imports into Bulgaria

In 2022, approx. X tons of cream fresh were imported into Bulgaria; growing by X% against 2021. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, cream fresh imports soared to $X in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Poland (X tons) were the main suppliers of cream fresh imports to Bulgaria, with a combined X% share of total imports. The Czech Republic, Serbia, Italy, Belgium, France and Romania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and the Czech Republic ($X) constituted the largest cream fresh suppliers to Bulgaria, with a combined X% share of total imports. Belgium, the Netherlands, Italy, Serbia, France and Romania lagged somewhat behind, together comprising a further X%.

Serbia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cream fresh import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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