Bulgaria: Market for Processed cheese (excluding grated or powdered) 2024

Market Size for Processed cheese (excluding grated or powdered) in Bulgaria

In 2022, the Bulgarian market for processed cheese (excluding grated or powdered) decreased by X% to $X, falling for the third year in a row after two years of growth. Overall, consumption faced a abrupt slump. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Processed cheese (excluding grated or powdered) in Bulgaria

In value terms, production of processed cheese (excluding grated or powdered) reached $X in 2022 estimated in export price. Overall, the total production indicated a tangible increase 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Production of peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Exports of Processed cheese (excluding grated or powdered)

Exports from Bulgaria

In 2022, shipments abroad of processed cheese (excluding grated or powdered) increased by X% to X tons, rising for the third year in a row after three years of decline. Over the period under review, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, exports of processed cheese (excluding grated or powdered) surged to $X in 2022. In general, exports recorded strong growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of processed cheese (excluding grated or powdered) from Bulgaria, accounting for a X% share of total exports. Moreover, exports of processed cheese (excluding grated or powdered) to Saudi Arabia exceeded the volume sent to the second major destination, Iraq (X tons), sixfold.

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

In value terms, Saudi Arabia ($X) remains the key foreign market for processed cheese (excluding grated or powdered) exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Iraq ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Romania (X% per year).

Export Prices by Country

The average export price for processed cheese (excluding grated or powdered) stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Saudi Arabia ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed cheese (excluding grated or powdered)

Imports into Bulgaria

In 2022, imports of processed cheese (excluding grated or powdered) into Bulgaria soared to X tons, jumping by X% against 2021 figures. Over the period under review, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of processed cheese (excluding grated or powdered) surged to $X in 2022. In general, imports showed a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Romania (X tons) and Poland (X tons) were the main suppliers of imports of processed cheese (excluding grated or powdered) to Bulgaria, together accounting for X% of total imports. Austria, France, the Czech Republic, the Netherlands, Hungary and Croatia 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 Austria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Germany ($X) and Austria ($X) were the largest processed cheese (excluding grated or powdered) suppliers to Bulgaria, with a combined X% share of total imports.

Austria, 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

In 2022, the average import price for processed cheese (excluding grated or powdered) amounted to $X per ton, surging by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Romania ($X per ton) and Austria ($X per ton), while the price for Poland ($X per ton) and Hungary ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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