Bulgaria: Market for Sheep And Goat Meat 2022

Market Size for Sheep And Goat Meat in Bulgaria

The Bulgarian sheep and goat meat market skyrocketed to $X in 2021, with an increase of X% against the previous year. In general, consumption, however, recorded a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Sheep And Goat Meat in Bulgaria

In value terms, sheep and goat meat production soared to $X in 2021 estimated in export price. Overall, production, however, saw a deep contraction. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

The average yield of sheep and goat meat in Bulgaria skyrocketed to X kg per head in 2021, jumping by X% compared with 2020 figures. In general, the yield continues to indicate a relatively flat trend pattern. As a result, the yield attained the peak level and is likely to continue growth in the immediate term.

The number of animals slaughtered for sheep and goat meat production in Bulgaria declined to X heads in 2021, with a decrease of -X% against the previous year. Over the period under review, the number of producing animals continues to indicate a drastic downturn. The growth pace was the most rapid in 2014 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for sheep and goat meat production peaked at X heads in 2012; however, from 2013 to 2021, producing animals stood at a somewhat lower figure.

Exports of Sheep And Goat Meat

Exports from Bulgaria

After two years of decline, shipments abroad of sheep and goat meat increased by X% to X tons in 2021. Over the period under review, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, sheep and goat meat exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons) was the main destination for sheep and goat meat exports from Bulgaria, with a X% share of total exports. Moreover, sheep and goat meat exports to Romania exceeded the volume sent to the second major destination, the UK (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms 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 Germany (-X% per year).

In value terms, the largest markets for sheep and goat meat exported from Bulgaria were Romania ($X), the UK ($X) and Germany ($X, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2021, with a decrease of -X% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports into Bulgaria

In 2021, supplies from abroad of sheep and goat meat was finally on the rise to reach X tons after two years of decline. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, sheep and goat meat imports soared to $X in 2021. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of sheep and goat meat to Bulgaria, with a X% share of total imports. Moreover, sheep and goat meat imports from Spain exceeded the figures recorded by the second-largest supplier, Greece (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +X%.

In value terms, Spain ($X) constituted the largest supplier of sheep and goat meat to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Greece ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +X%.

Import Prices by Country

The average sheep and goat meat import price stood at $X per ton in 2021, with a decrease of -X% against the previous year. Over the period under review, the import price recorded a pronounced slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Greece ($X per ton), while the price for Spain totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-X%).

Source: IndexBox Platform

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