Bulgaria: Tapioca And Substitutes Market 2024

Tapioca And Substitutes Market Size in Bulgaria

The Bulgarian tapioca and substitutes market skyrocketed to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Tapioca And Substitutes Production in Bulgaria

In value terms, tapioca and substitutes production reduced to $X in 2022 estimated in export price. Overall, production recorded a mild shrinkage. The growth pace was the most rapid in 2019 with an increase of X%. Tapioca and substitutes production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Tapioca And Substitutes Exports

Exports from Bulgaria

In 2022, overseas shipments of tapioca and substitutes increased by X% to X tons, rising for the fourth year in a row after two years of decline. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, tapioca and substitutes exports dropped remarkably to $X in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then reduced rapidly in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for tapioca and substitutes exports from Bulgaria, accounting for a X% share of total exports. Moreover, tapioca and substitutes exports to the Netherlands exceeded the volume sent to the second major destination, Malta (X tons), twofold.

From 2015 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (X% per year) and Romania (X% per year).

In value terms, the Netherlands ($X), Romania ($X) and Malta ($X) constituted the largest markets for tapioca and substitutes exported from Bulgaria worldwide.

Among the main countries of destination, Romania, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average tapioca and substitutes export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, recorded a moderate expansion. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then shrank dramatically in the following year.

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

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tapioca And Substitutes Imports

Imports into Bulgaria

In 2022, overseas purchases of tapioca and substitutes increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, saw a mild slump. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, tapioca and substitutes imports surged to $X in 2022. Overall, imports continue to indicate strong growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of tapioca and substitutes to Bulgaria, accounting for a X% share of total imports. Moreover, tapioca and substitutes imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Denmark (X tons), more than tenfold. Taiwan (Chinese) (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of tapioca and substitutes to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by Denmark ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average tapioca and substitutes import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price enjoyed a prominent increase. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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