Bulgaria: Baby Food Market 2024

Baby Food Market Size in Bulgaria

For the third consecutive year, the Bulgarian baby food market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, the total consumption indicated a prominent 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, consumption increased by X% against 2012 indices. Baby food consumption peaked in 2022 and is expected to retain growth in the near future.

Baby Food Production in Bulgaria

In value terms, baby food production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Baby Food Exports

Exports from Bulgaria

In 2022, overseas shipments of food preparations for infants increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, baby food exports skyrocketed to $X in 2022. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Serbia (X tons) was the main destination for baby food exports from Bulgaria, accounting for a X% share of total exports. Moreover, baby food exports to Serbia exceeded the volume sent to the second major destination, Croatia (X tons), fivefold. Spain (X tons) ranked third in terms of total exports with an X% share.

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

In value terms, the largest markets for baby food exported from Bulgaria were Serbia ($X), Spain ($X) and Croatia ($X), with a combined X% share of total exports. Iran, Turkey and Germany lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Iran, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average baby food export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

Baby Food Imports

Imports into Bulgaria

In 2022, supplies from abroad of food preparations for infants increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its volume 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, baby food imports rose rapidly to $X in 2022. In general, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of baby food to Bulgaria, with a X% share of total imports. Moreover, baby food imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was taken by Austria (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Austria (X% per year).

In value terms, the largest baby food suppliers to Bulgaria were the Netherlands ($X), Austria ($X) and Germany ($X), together accounting for X% of total imports. France, Poland, Spain, Switzerland and Belgium lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Poland, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average baby food import price amounted to $X per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then shrank modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for France ($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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