Bulgaria: Wheat Flour Market Overview 2021

Wheat Flour Market Size in Bulgaria

The Bulgarian wheat flour market totaled $X in 2019, standing approx. at the previous year. Over the period under review, consumption, however, recorded a slight decrease. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the market attained the peak level at $X in 2008; however, from 2009 to 2019, consumption remained at a lower figure.

Wheat Flour Production in Bulgaria

In value terms, wheat flour production contracted to $X in 2019 estimated in export prices. Overall, production recorded a perceptible downturn. The pace of growth was the most pronounced in 2011 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. From 2012 to 2019, production growth remained at a lower figure.

Wheat Flour Exports

Exports from Bulgaria

In 2019, approx. X tonnes of wheat or meslin flour were exported from Bulgaria; dropping by -X% against the previous year. In general, exports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Exports peaked at X tonnes in 2018, and then shrank dramatically in the following year.

In value terms, wheat flour exports contracted dramatically to $X in 2019. Over the period under review, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

France (X tonnes), Greece (X tonnes) and Italy (X tonnes) were the main destinations of wheat flour exports from Bulgaria, together accounting for X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wheat flour exported from Bulgaria were France ($X), Greece ($X) and Italy ($X), together comprising X% of total exports.

France (+X% per year) recorded 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 more modest paces of growth.

Export Prices by Country

The average wheat flour export price stood at $X per tonne in 2019, with an increase of X% against the previous year. In general, the export price, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Greece ($X per tonne), while the average price for exports to France ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Greece, while the prices for the other major destinations experienced a decline.

Wheat Flour Imports

Imports into Bulgaria

Wheat flour imports into Bulgaria soared to X tonnes in 2019, growing by X% on the previous year's figure. In general, imports showed resilient growth. The pace of growth was the most pronounced in 2012 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2019 and are expected to retain growth in the near future.

In value terms, wheat flour imports skyrocketed to $X in 2019. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Imports peaked in 2019 and are likely to see gradual growth in the near future.

Imports by Country

In 2019, Greece (X tonnes) constituted the largest supplier of wheat flour to Bulgaria, with a X% share of total imports. Moreover, wheat flour imports from Greece exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), more than tenfold. The third position in this ranking was occupied by Austria (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Greece stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Austria (+X% per year).

In value terms, Greece ($X) constituted the largest supplier of wheat flour to Bulgaria, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Greece stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Austria (+X% per year).

Import Prices by Country

In 2019, the average wheat flour import price amounted to $X per tonne, which is down by -X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per tonne), while the price for Slovenia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wheat or meslin flour in the world?

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China (81M tonnes) constituted the country with the largest volume of wheat flour consumption, accounting for 20% of total volume. Moreover, wheat flour consumption in China exceeded the figures recorded by the second-largest consumer, India (26M tonnes), threefold. The third position in this ranking was occupied by the U.S. (15M tonnes), with a 3.7% share.

What are the largest producers of wheat or meslin flour in the world?

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China (81M tonnes) remains the largest wheat flour producing country worldwide, comprising approx. 20% of total volume. Moreover, wheat flour production in China exceeded the figures recorded by the second-largest producer, India (26M tonnes), threefold. The third position in this ranking was occupied by the U.S. (15M tonnes), with a 3.7% share.

What are the leading suppliers of wheat or meslin flour to Bulgaria?

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In value terms, Greece ($6.9M) constituted the largest supplier of wheat flour to Bulgaria, comprising 80% of total imports. The second position in the ranking was occupied by Italy ($816K), with a 9.5% share of total imports. It was followed by Austria, with a 2.7% share.

What are the leading importers of wheat or meslin flour from Bulgaria?

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In value terms, the largest markets for wheat flour exported from Bulgaria were France ($4.2M), Greece ($3.7M) and Italy ($430K), with a combined 93% share of total exports.

What is the average export price for wheat or meslin flour in Bulgaria?

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The average wheat flour export price stood at $319 per tonne in 2019, rising by 8.9% against the previous year.

What is the average import price for wheat or meslin flour in Bulgaria?

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The average wheat flour import price stood at $490 per tonne in 2019, waning by -7.7% against the previous year.