Bulgaria: Crispbread Market 2024

Crispbread Market Size in Bulgaria

The Bulgarian crispbread market reached $X in 2021, with an increase of 13% against the previous year. In general, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.7% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Crispbread Production in Bulgaria

In value terms, crispbread production rose remarkably to $X in 2021 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.9% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 55%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

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Crispbread Exports

Exports from Bulgaria

Crispbread exports from Bulgaria rose notably to X tons in 2021, growing by 8% on the previous year's figure. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 145%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, crispbread exports skyrocketed to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 235%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X tons) was the main destination for crispbread exports from Bulgaria, with a 63% share of total exports. Moreover, crispbread exports to Greece exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was held by Cyprus (X tons), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece stood at -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+115.9% per year) and Cyprus (+6.5% per year).

In value terms, Greece ($X), Germany ($X) and Cyprus ($X) constituted the largest markets for crispbread exported from Bulgaria worldwide, with a combined 88% share of total exports. These countries were followed by the Netherlands, which accounted for a further 6.5%.

Among the main countries of destination, the Netherlands, with a CAGR of +276.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average crispbread export price stood at $X per ton in 2021, surging by 8.7% against the previous year. Overall, the export price, however, saw a mild downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 115%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+15.7%), while the prices for the other major destinations experienced a decline.

Crispbread Imports

Imports into Bulgaria

In 2021, supplies from abroad of crispbread decreased by -24.1% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 38%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, crispbread imports reduced modestly to $X in 2021. In general, imports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2018 when imports increased by 52% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Lithuania (X tons) and Italy (X tons) were the main suppliers of crispbread imports to Bulgaria, with a combined 77% share of total imports. These countries were followed by the Netherlands, Austria, Poland, the Czech Republic and Greece, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +14.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest crispbread suppliers to Bulgaria were Italy ($X), Germany ($X) and Lithuania ($X), together accounting for 72% of total imports. The Netherlands, Austria, Poland, the Czech Republic and Greece lagged somewhat behind, together comprising a further 20%.

Among the main suppliers, Poland, with a CAGR of +18.5%, recorded the highest rates of growth with regard to 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 crispbread import price stood at $X per ton in 2021, growing by 31% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, crispbread import price increased by +29.7% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 38%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Poland ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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