Bulgaria: Meat And Poultry Market 2024

Meat And Poultry Market Size in Bulgaria

In 2022, the Bulgarian meat and poultry market increased by X% to $X, rising for the sixth consecutive year after two years of decline. Overall, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the market value increased by X% against the previous year. Meat and poultry consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Meat And Poultry Production in Bulgaria

In value terms, meat and poultry production fell modestly to $X in 2022 estimated in export price. Overall, production saw a mild slump. The growth pace was the most rapid in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

The average yield of meat and poultry in Bulgaria fell to X kg per head in 2022, with a decrease of X% compared with 2021 figures. In general, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the yield reached the peak level of X kg per head, and then reduced in the following year.

The number of animals slaughtered for meat and poultry production in Bulgaria contracted to X heads in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the number of producing animals showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X%. The number of animals slaughtered for meat and poultry production peaked at X heads in 2018; however, from 2019 to 2022, producing animals remained at a lower figure.

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Meat And Poultry Exports

Exports from Bulgaria

In 2022, shipments abroad of meat and poultry increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, meat and poultry exports soared to $X in 2022. Over the period under review, total exports indicated modest growth 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, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Greece (X tons), France (X tons) and Romania (X tons) were the main destinations of meat and poultry exports from Bulgaria, together comprising X% of total exports. Belgium, the Netherlands, Italy and North Macedonia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for meat and poultry exported from Bulgaria were France ($X), Greece ($X) and Belgium ($X), with a combined X% share of total exports. Romania, Italy, the Netherlands and North Macedonia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average meat and poultry export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($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 Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat And Poultry Imports

Imports into Bulgaria

In 2022, approx. X tons of meat and poultry were imported into Bulgaria; waning by X% against the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, meat and poultry imports rose markedly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

Spain (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of meat and poultry imports to Bulgaria, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of meat and poultry to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with an X% share of total imports. It was followed by the Netherlands, with an X% share.

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

Import Prices by Country

In 2022, the average meat and poultry import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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