Bulgaria: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in Bulgaria

The Bulgarian preserved cows meat market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption posted a strong increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Preserved Cows Meat Production in Bulgaria

In value terms, preserved cows meat production soared to $X in 2022 estimated in export price. Over the period under review, production saw a prominent increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Preserved Cows Meat Exports

Exports from Bulgaria

For the fourth consecutive year, Bulgaria recorded growth in overseas shipments of prepared or preserved meat or offal of bovine animals, which increased by X% to X tons in 2022. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved cows meat exports skyrocketed to $X in 2022. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Romania (X tons) was the main destination for preserved cows meat exports from Bulgaria, with a X% share of total exports. Moreover, preserved cows meat exports to Romania exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was held by Greece (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Romania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Greece (X% per year).

In value terms, Romania ($X) emerged as the key foreign market for prepared or preserved meat or offal of bovine animals exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Greece ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

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

Export Prices by Country

The average preserved cows meat export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price enjoyed resilient growth. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

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

Preserved Cows Meat Imports

Imports into Bulgaria

In 2022, supplies from abroad of prepared or preserved meat or offal of bovine animals was finally on the rise to reach X tons after three years of decline. Over the period under review, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, preserved cows meat imports skyrocketed to $X in 2022. In general, imports enjoyed buoyant growth. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Italy (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of preserved cows meat imports to Bulgaria, together accounting for X% of total imports. Sweden, Poland, Croatia and Serbia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Netherlands ($X) and France ($X) appeared to be the largest preserved cows meat suppliers to Bulgaria, together comprising X% of total imports. Sweden, Poland, Croatia and Serbia lagged somewhat behind, together comprising a further X%.

Serbia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average preserved cows meat import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

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

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

Source: IndexBox Platform

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