Bulgaria: Market for Fresh cheese (unripened or uncured cheese), including whey cheese and curd 2021

Market Size for Fresh cheese (unripened or uncured cheese), including whey cheese and curd in Bulgaria

The Bulgarian market for fresh cheese (unripened or uncured cheese), including whey cheese and curd surged to $X in 2020, rising by X% against the previous year. Over the period under review, consumption showed a resilient expansion. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. Consumption peaked in 2020 and is expected to retain growth in the immediate term.

Production of Fresh cheese (unripened or uncured cheese), including whey cheese and curd in Bulgaria

In value terms, production of fresh cheese (unripened or uncured cheese), including whey cheese and curd rose notably to $X in 2020 estimated in export prices. Over the period under review, production saw buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Production peaked in 2020 and is expected to retain growth in years to come.

Exports of Fresh cheese (unripened or uncured cheese), including whey cheese and curd

Exports from Bulgaria

In 2020, after two years of growth, there was significant decline in overseas shipments of fresh cheese (unripened or uncured cheese), including whey cheese and curd, when their volume decreased by -X% to X tons. In general, exports continue to indicate a mild downturn. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Exports peaked at X tons in 2019, and then reduced rapidly in the following year.

In value terms, exports of fresh cheese (unripened or uncured cheese), including whey cheese and curd declined sharply to $X in 2020. Over the period under review, exports saw a perceptible decline. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

Greece (X tons) was the main destination for exports of fresh cheese (unripened or uncured cheese), including whey cheese and curd from Bulgaria, accounting for a X% share of total exports. Moreover, exports of fresh cheese (unripened or uncured cheese), including whey cheese and curd to Greece exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold. Sweden (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Greece stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Sweden (+X% per year).

In value terms, Greece ($X) remains the key foreign market for fresh cheese (unripened or uncured cheese), including whey cheese and curd exports from Bulgaria, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Greece stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Sweden (+X% per year).

Export Prices by Country

In 2020, the average export price for fresh cheese (unripened or uncured cheese), including whey cheese and curd amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the export price showed a perceptible descent. The growth pace was the most rapid in 2014 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per ton. From 2015 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Romania, while the prices for the other major destinations experienced a decline.

Imports of Fresh cheese (unripened or uncured cheese), including whey cheese and curd

Imports into Bulgaria

For the third year in a row, Bulgaria recorded growth in supplies from abroad of fresh cheese (unripened or uncured cheese), including whey cheese and curd, which increased by X% to X tons in 2020. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2020 and are expected to retain growth in the near future.

In value terms, imports of fresh cheese (unripened or uncured cheese), including whey cheese and curd skyrocketed to $X in 2020. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Imports peaked in 2020 and are likely to see steady growth in years to come.

Imports by Country

Germany (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of imports of fresh cheese (unripened or uncured cheese), including whey cheese and curd to Bulgaria, together comprising X% of total imports. These countries were followed by the Netherlands, Austria, Belgium, France, Denmark, Greece and Latvia, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Italy ($X) appeared to be the largest fresh cheese (unripened or uncured cheese), including whey cheese and curd suppliers to Bulgaria, with a combined X% share of total imports. The Netherlands, France, Belgium, Denmark, Austria, Latvia and Greece lagged somewhat behind, together comprising a further X terms of the main suppliers, Belgium (+X% per year) 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 import price for fresh cheese (unripened or uncured cheese), including whey cheese and curd stood at $X per ton in 2020, waning by -X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2020, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was France ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Latvia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform