Bulgaria: Poultry Market 2024

Poultry Market Size in Bulgaria

In 2022, the Bulgarian poultry market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption continues to indicate a perceptible reduction. Poultry consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Poultry Production in Bulgaria

In value terms, poultry production fell modestly to $X in 2022 estimated in export price. In general, production recorded a noticeable decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Poultry production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of poultry in Bulgaria totaled X kg per head in 2022, almost unchanged from 2021 figures. In general, the yield recorded a relatively flat trend pattern. Over the period under review, the average poultry yield attained the peak level in 2022 and is likely to see steady growth in the near future.

The number of animals slaughtered for poultry production in Bulgaria contracted to X heads in 2022, leveling off at 2021. 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% against the previous year. The number of animals slaughtered for poultry production peaked at X heads in 2018; however, from 2019 to 2022, producing animals failed to regain momentum.

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Poultry Exports

Exports from Bulgaria

In 2022, overseas shipments of poultry increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, poultry exports surged to $X in 2022. Overall, total exports indicated a modest expansion 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 attained 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 poultry exports from Bulgaria, together comprising X% of total exports. Belgium, the Netherlands, Italy, North Macedonia and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, France ($X) remains the key foreign market for poultry exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Greece ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Belgium (X% per year).

Export Prices by Country

The average poultry export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, 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.

Prices varied noticeably by country of destination: 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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Poultry Imports

Imports into Bulgaria

In 2022, after two years of decline, there was growth in overseas purchases of poultry, when their volume increased by X% to X tons. In general, imports, however, saw a perceptible curtailment. 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 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, poultry imports soared to $X in 2022. Over the period under review, imports, however, saw a perceptible decline. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Hungary (X tons), Romania (X tons) and Greece (X tons) were the main suppliers of poultry imports to Bulgaria, together accounting for 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 Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest poultry suppliers to Bulgaria were Romania ($X), Hungary ($X) and the Netherlands ($X), with a combined X% share of total imports.

Hungary, with a CAGR of X%, saw the highest rates of growth with regard to 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 poultry import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached 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 Italy ($X per ton), while the price for Cyprus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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