Bulgaria: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Bulgaria

After three years of growth, the Bulgarian sheep and goat meat market decreased by X% to $X in 2022. In general, consumption showed a drastic downturn. Sheep and goat meat consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Sheep And Goat Meat in Bulgaria

In value terms, sheep and goat meat production fell modestly to $X in 2022 estimated in export price. In general, production showed a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Sheep and goat meat production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of sheep and goat meat in Bulgaria declined to X kg per head in 2022, waning by X% against 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X kg per head, and then dropped in the following year.

In 2022, the number of animals slaughtered for sheep and goat meat production in Bulgaria shrank to X heads, declining by X% compared with the previous year. In general, the number of producing animals recorded a abrupt decline. The growth pace was the most rapid in 2021 when the number of producing animals increased by X%. Over the period under review, this number attained the peak level at X heads in 2012; however, from 2013 to 2022, producing animals failed to regain momentum.

Exports of Sheep And Goat Meat

Exports from Bulgaria

For the fifth consecutive year, Bulgaria recorded decline in overseas shipments of sheep and goat meat, which decreased by X% to X tons in 2022. In general, exports faced a abrupt setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, sheep and goat meat exports contracted to $X in 2022. Over the period under review, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Croatia (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 Croatia exceeded the volume sent to the second major destination, Italy (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Croatia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Germany (X% per year).

In value terms, Croatia ($X), Italy ($X) and Germany ($X) constituted the largest markets for sheep and goat meat exported from Bulgaria worldwide, together comprising X% of total exports.

Among the main countries of destination, Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2022, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then dropped modestly in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and Romania ($X per ton), while the average price for exports to Greece ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (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 2022, approx. X tons of sheep and goat meat were imported into Bulgaria; picking up by X% on the previous year. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, sheep and goat meat imports surged to $X in 2022. Overall, imports saw prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Poland (X tons) and Greece (X tons) were the main suppliers of sheep and goat meat imports to Bulgaria, with a combined X% share of total imports.

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

In value terms, North Macedonia ($X), Poland ($X) and Greece ($X) constituted the largest sheep and goat meat suppliers to Bulgaria, with a combined X% share of total imports.

Poland, with a CAGR of X%, recorded 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

The average sheep and goat meat import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price recorded a buoyant expansion. As a result, import price attained 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 North Macedonia ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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