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Report Bulgaria - Spirits, Liqueurs and Other Spirituous Beverages - Market Analysis, Forecast, Size, Trends and Insights for 499$

Latest Report Update: Oct 4, 2022

Bulgaria - Spirits, Liqueurs and Other Spirituous Beverages - Market Analysis, Forecast, Size, Trends and Insights
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Bulgaria: Spirits And Liqueurs Market 2022

Spirits And Liqueurs Market Size in Bulgaria

In 2021, the Bulgarian spirits and liqueurs market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Spirits and liqueurs consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Spirits And Liqueurs Production in Bulgaria

In value terms, spirits and liqueurs production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Spirits And Liqueurs Exports

Exports from Bulgaria

Spirits and liqueurs exports from Bulgaria surged to X litres in 2021, jumping by X% on the previous year's figure. Overall, exports recorded a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, spirits and liqueurs exports reached $X in 2021. In general, exports showed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Romania (X litres) was the main destination for spirits and liqueurs exports from Bulgaria, accounting for a X% share of total exports. Moreover, spirits and liqueurs exports to Romania exceeded the volume sent to the second major destination, the United Arab Emirates (X litres), sevenfold. The third position in this ranking was taken by Poland (X litres), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Romania amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Poland (+X% per year).

In value terms, the largest markets for spirits and liqueurs exported from Bulgaria were Romania ($X), Italy ($X) and Poland ($X), with a combined X% share of total exports. These countries were followed by Morocco, the United Arab Emirates, Germany, Lithuania, Algeria, Nigeria, Lebanon and the UK, which together accounted for a further X United Arab Emirates, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spirits and liqueurs export price stood at $X per litre in 2021, falling by -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per litre in 2020, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Italy ($X per litre), while the average price for exports to Romania ($X per litre) was amongst the lowest.

From 2012 to 2021, 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.

Spirits And Liqueurs Imports

Imports into Bulgaria

In 2021, approx. X litres of spirits, liqueurs and other spirituous beverages were imported into Bulgaria; increasing by X% compared with 2020 figures. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, spirits and liqueurs imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The UK (X litres), Greece (X litres) and Germany (X litres) were the main suppliers of spirits and liqueurs imports to Bulgaria, with a combined X% share of total imports. The Netherlands, Ireland, Russia, Italy, France, Romania, Spain, Lithuania and Sweden lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Romania (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of spirits and liqueurs to Bulgaria, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total imports. It was followed by Ireland, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Ireland (+X% per year).

Import Prices by Country

The average spirits and liqueurs import price stood at $X per litre in 2021, surging by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably countryorigin: the country with the highest price was Italy ($X per litre), while the price for Lithuania ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2021	2007-2021	2022-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for spirits, liqueurs and other spirituous beverages in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, together accounting for 50% of global consumption. Russia, Japan, Mexico, Canada, the UK, Ukraine, Iran, South Korea and Ethiopia lagged somewhat behind, together accounting for a further 22%.

What are the largest producers of spirits, liqueurs and other spirituous beverages in the world?

China constituted the country with the largest volume of spirits and liqueurs production, accounting for 25% of total volume. Moreover, spirits and liqueurs production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 10% share.

What are the leading suppliers of spirits, liqueurs and other spirituous beverages to Bulgaria?

In value terms, the UK constituted the largest supplier of spirits and liqueurs to Bulgaria, comprising 31% of total imports. The second position in the ranking was held by the Netherlands, with an 11% share of total imports. It was followed by Ireland, with a 9.7% share.

What are the leading importers of spirits, liqueurs and other spirituous beverages from Bulgaria?

In value terms, the largest markets for spirits and liqueurs exported from Bulgaria were Romania, Italy and Poland, together comprising 52% of total exports. Morocco, the United Arab Emirates, Germany, Lithuania, Algeria, Nigeria, Lebanon and the UK lagged somewhat behind, together comprising a further 25%.

What is the average export price for spirits, liqueurs and other spirituous beverages in Bulgaria?

The average spirits and liqueurs export price stood at $2.2 per litre in 2021, shrinking by -11.3% against the previous year.

What is the average import price for spirits, liqueurs and other spirituous beverages in Bulgaria?

In 2021, the average spirits and liqueurs import price amounted to $6.5 per litre, increasing by 11% against the previous year.

This report provides an in-depth analysis of the spirits and liqueurs market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

• Prodcom 11011020 - Spirits obtained from distilled grape wine or grape marc (important: excluding alcohol duty)

• Prodcom 11011030 - Whisky (important: excluding alcohol duty)

• Prodcom 11011040 - Rum and other spirits obtained by distilling fermented sugarcane products (important: excluding alcohol duty)

• Prodcom 11011050 - Gin and geneva (important: excluding alcohol duty)

• Prodcom 11011063 - Vodka of an alcoholic strength by volume of . .45,4 % (important: excluding alcohol duty)

• Prodcom 11011065 - Spirits distilled from fruit (excluding liqueurs, gin, geneva, g rape wine or grape marc (important: excluding alcohol duty))

• Prodcom 11011070 - Pure alcohols (important: excluding alcohol duty)

• Prodcom 11011080 - Spirits, liqueurs and other spirituous beverages (excluding spirits distilled from grape wine, grape marc or fruit/whisky, r um, tafia, gin and geneva, spirits distilled from fruit)

Country coverage:

• Bulgaria

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Bulgaria

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance