Bulgaria: Market for Dried Or Salted Fish 2022

Market Size for Dried Or Salted Fish in Bulgaria

The Bulgarian dried or salted fish market reduced slightly to $X in 2021, waning by -X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Dried Or Salted Fish in Bulgaria

In value terms, dried or salted fish production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Dried Or Salted Fish

Exports from Bulgaria

After two years of decline, overseas shipments of dried or salted fish increased by X% to X tons in 2021. Over the period under review, exports showed a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, dried or salted fish exports surged to $X in 2021. Overall, exports posted tangible growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Romania (X tons) was the main destination for dried or salted fish exports from Bulgaria, with a X% share of total exports. Moreover, dried or salted fish exports to Romania exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold.

From 2012 to 2020, the average annual growth rate of volume to Romania stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Greece (+X% per year).

In value terms, Romania ($X) remains the key foreign market for dried or salted fish exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Greece ($X), with a X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of value to Romania totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+X% per year) and Spain (+X% per year).

Export Prices by Country

The average dried or salted fish export price stood at $X per ton in 2020, reducing by -X% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2020: its price increased at an average annual rate of +X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019, and then fell markedly in the following year.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Greece (-X%), while the prices for the other major destinations experienced a decline.

Imports of Dried Or Salted Fish

Imports into Bulgaria

In 2021, approx. X tons of dried or salted fish were imported into Bulgaria; jumping by X% compared with 2020. Overall, imports recorded mild growth. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, dried or salted fish imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed temperate growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth imports failed to regain momentum.

Imports by Country

In 2020, Italy (X tons) was the main dried or salted fish supplier to Bulgaria, accounting for a X% share of total imports. Moreover, dried or salted fish imports from Italy exceeded the figures recorded by the second-largest supplier, Romania (X tons), more than tenfold.

From 2012 to 2020, the average annual rate of growth in terms of volume from Italy totaled +X%.

In value terms, Italy ($X) constituted the largest supplier of dried or salted fish to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by Romania ($X), with a X% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of value from Italy totaled +X%.

Import Prices by Country

In 2020, the average dried or salted fish import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price saw strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($X per ton), while the price for Romania stood at $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Romania (-X%).

Source: IndexBox Platform