Bulgaria: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in Bulgaria

In 2022, the Bulgarian buttermilk and buttermilk powder market increased by X% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption, however, recorded a perceptible descent. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Buttermilk And Buttermilk Powder in Bulgaria

In value terms, buttermilk and buttermilk powder production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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Exports of Buttermilk And Buttermilk Powder

Exports from Bulgaria

In 2022, shipments abroad of buttermilk and buttermilk powder decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, buttermilk and buttermilk powder exports shrank to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for buttermilk and buttermilk powder exports from Bulgaria, accounting for a X% share of total exports. Moreover, buttermilk and buttermilk powder exports to Spain exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold. The third position in this ranking was taken by Portugal (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Portugal (X% per year).

In value terms, Spain ($X) remains the key foreign market for buttermilk and buttermilk powder exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Portugal ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Italy (X% per year).

Export Prices by Country

The average buttermilk and buttermilk powder export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price showed buoyant growth. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Switzerland ($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 Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buttermilk And Buttermilk Powder

Imports into Bulgaria

In 2022, imports of buttermilk and buttermilk powder into Bulgaria soared to X tons, picking up by X% against the previous year's figure. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, buttermilk and buttermilk powder imports soared to $X in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Serbia (X tons), Germany (X tons) and Romania (X tons) were the main suppliers of buttermilk and buttermilk powder imports to Bulgaria, together comprising X% of total imports.

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, the largest buttermilk and buttermilk powder suppliers to Bulgaria were Germany ($X), Serbia ($X) and Romania ($X), together comprising X% of total imports.

Serbia, with a CAGR of X%, saw the highest growth rate of 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 buttermilk and buttermilk powder import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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