Bulgaria: Market for Spirits, Liqueurs And Other Spirituous Beverages 2024

Market Size for Spirits, Liqueurs And Other Spirituous Beverages in Bulgaria

In 2022, the Bulgarian market for spirits, liqueurs and other spirituous beverages increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption saw a strong expansion. Consumption of peaked in 2022 and is expected to retain growth in years to come.

Production of Spirits, Liqueurs And Other Spirituous Beverages in Bulgaria

In value terms, production of spirits, liqueurs and other spirituous beverages soared to $X in 2022 estimated in export price. Overall, the total production indicated a resilient 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 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Production of peaked in 2022 and is likely to continue growth in years to come.

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Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports from Bulgaria

After three years of growth, overseas shipments of spirits, liqueurs and other spirituous beverages decreased by X% to X litres in 2022. Overall, exports, however, enjoyed a moderate increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports of hit record highs at X litres in 2021, and then shrank rapidly in the following year.

In value terms, exports of spirits, liqueurs and other spirituous beverages shrank rapidly to $X in 2022. Over the period under review, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms 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, Romania ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Italy, with an X% share.

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

Export Prices by Country

In 2022, the average export price for spirits, liqueurs and other spirituous beverages amounted to $X per litre, rising by X% against the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price 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, export price for spirits, liqueurs and other spirituous beverages decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per litre. From 2015 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports into Bulgaria

In 2022, imports of spirits, liqueurs and other spirituous beverages into Bulgaria expanded significantly to X litres, picking up by X% against 2021 figures. Overall, total imports indicated a prominent expansion from 2012 to 2022: its volume 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, imports increased by X% against 2013 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of spirits, liqueurs and other spirituous beverages expanded remarkably to $X in 2022. In general, total imports indicated buoyant growth 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, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Greece (X litres) constituted the largest spirits, liqueurs and other spirituous beverages supplier to Bulgaria, with a X% share of total imports. Moreover, imports of spirits, liqueurs and other spirituous beverages from Greece exceeded the figures recorded by the second-largest supplier, Germany (X litres), twofold. Russia (X litres) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Greece stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Russia (X% per year).

In value terms, Greece ($X), Romania ($X) and Germany ($X) appeared to be the largest spirits, liqueurs and other spirituous beverages suppliers to Bulgaria, together accounting for X% of total imports. Italy, the Netherlands, Latvia, Russia, France, Sweden, the UK, Poland, Lithuania and Ukraine lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 spirits, liqueurs and other spirituous beverages amounted to $X per litre, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per litre in 2021, and then dropped slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per litre), while the price for Ukraine ($X per litre) was amongst the lowest.

From 2012 to 2022, 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 Platform

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