Bulgaria: Market for Prepared Or Preserved Crab Meat 2023

Market Size for Prepared Or Preserved Crab Meat in Bulgaria

The Bulgarian market for prepared or preserved crab meat was estimated at $X in 2021, picking up by 11% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Prepared or preserved crab meat consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Prepared Or Preserved Crab Meat in Bulgaria

In value terms, prepared or preserved crab meat production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 42%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Prepared Or Preserved Crab Meat

Exports from Bulgaria

Prepared or preserved crab meat exports from Bulgaria dropped remarkably to X kg in 2021, shrinking by -82.4% on 2020 figures. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 330% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, prepared or preserved crab meat exports declined rapidly to $X in 2021. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of 229%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X kg) was the main destination for prepared or preserved crab meat exports from Bulgaria, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania was relatively modest.

In value terms, Romania ($X) emerged as the key foreign market for prepared or preserved crab meat exports from Bulgaria.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania was relatively modest.

Export Prices by Country

In 2021, the average export price for prepared or preserved crab meat amounted to $X per ton, which is down by -84.3% against the previous year. In general, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 7.1% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for Romania.

From 2012 to 2021, the rate of growth in terms of prices for France amounted to +31.1% per year.

Imports of Prepared Or Preserved Crab Meat

Imports into Bulgaria

In 2021, purchases abroad of prepared or preserved crab meat decreased by -51.3% to X kg, falling for the third year in a row after two years of growth. In general, imports saw a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of 1,107%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, prepared or preserved crab meat imports fell sharply to $X in 2021. Overall, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of 889%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Germany (X kg) was the main prepared or preserved crab meat supplier to Bulgaria, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -7.5%.

In value terms, Germany ($X) constituted the largest supplier of prepared or preserved crab meat to Bulgaria.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -7.8%.

Import Prices by Country

The average import price for prepared or preserved crab meat stood at $X per ton in 2021, falling by -8.7% against the previous year. In general, the import price, however, recorded a moderate expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 261% against the previous year. The import price peaked at $X per ton in 2020, and then shrank in the following year.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2021, the rate of growth in terms of prices for Lithuania amounted to +58.8% per year.

Source: IndexBox Platform

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