Bulgaria: Potato Starch Market 2024

Potato Starch Market Size in Bulgaria

The Bulgarian potato starch market contracted slightly to $X in 2022, approximately reflecting the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Potato starch consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Potato Starch Production in Bulgaria

In value terms, potato starch production contracted slightly 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Potato starch production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Potato Starch Exports

Exports from Bulgaria

In 2022, the amount of potato starch exported from Bulgaria skyrocketed to X tons, surging by X% compared with 2021. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, potato starch exports surged to $X in 2022. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Greece (X tons) was the main destination for potato starch exports from Bulgaria, with a X% share of total exports. Moreover, potato starch exports to Greece exceeded the volume sent to the second major destination, North Macedonia (X tons), more than tenfold.

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

In value terms, Greece ($X) remains the key foreign market for potato starch exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Greece amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Cyprus (X% per year).

Export Prices by Country

The average potato starch export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Cyprus ($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 Cyprus (X%), while the prices for the other major destinations experienced mixed trend patterns.

Potato Starch Imports

Imports into Bulgaria

In 2022, supplies from abroad of potato starch increased by X% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, total imports indicated a temperate 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 pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, potato starch imports skyrocketed to $X in 2022. Overall, total imports indicated measured 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Austria (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of potato starch imports to Bulgaria, together accounting for X% of total imports.

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

In value terms, Germany ($X), Austria ($X) and the Netherlands ($X) were the largest potato starch suppliers to Bulgaria, with a combined X% share of total imports.

Austria, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 potato starch import price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Poland ($X per ton) and Germany ($X per ton), while the price for Denmark ($X per ton) and Austria ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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