Bulgaria - Wheat Or Meslin Flour - Market Analysis, Forecast, Size, Trends And Insights

Bulgaria: Wheat Flour Market Overview 2020

Wheat Flour Market Size in Bulgaria

The revenue of the wheat flour market in Bulgaria amounted to $X in 2018, going up by X% against the previous year. In general, wheat flour consumption, however, continues to indicate a measured drop. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Over the period under review, the wheat flour market attained its maximum level at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Wheat Flour Production in Bulgaria

In value terms, wheat flour production amounted to $X in 2018 estimated in export prices. In general, wheat flour production, however, continues to indicate a temperate decrease. The growth pace was the most rapid in 2011 when production volume increased by X% year-to-year. In that year, wheat flour production reached its peak level of $X. From 2012 to 2018, wheat flour production growth failed to regain its momentum.

Wheat Flour Exports

Exports from Bulgaria

In 2018, approx. X tonnes of wheat or meslin flour were exported from Bulgaria; falling by -X% against the previous year. In general, wheat flour exports, however, continue to indicate an outstanding increase. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, wheat flour exports attained their maximum at X tonnes in 2017, and then declined slightly in the following year.

In value terms, wheat flour exports amounted to $X in 2018. Over the period under review, wheat flour exports, however, continue to indicate an extraordinary expansion. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Over the period under review, wheat flour exports reached their peak figure at $X in 2012; however, from 2013 to 2018, exports remained at a lower figure.

Exports by Country

Greece (X tonnes) was the main destination for wheat flour exports from Bulgaria, accounting for a X% share of total exports. Moreover, wheat flour exports to Greece exceeded the volume sent to the second major destination, Romania (X tonnes), threefold. The third position in this ranking was occupied by Lithuania (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Greece stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and Lithuania (+X% per year).

In value terms, Greece ($X) remains the key foreign market for wheat flour exports from Bulgaria, comprising X% of total wheat flour exports. The second position in the ranking was occupied by Romania ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Greece amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and Lithuania (+X% per year).

Export Prices by Country

In 2018, the average wheat flour export price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the wheat flour export price, however, continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. In that year, the average export prices for wheat or meslin flour reached their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the average export prices for wheat or meslin flour failed to regain its momentum.

Average prices varied noticeably for the major foreign markets. In 2018, the highest prices were recorded for prices to Cyprus ($X per tonne) and Lithuania ($X per tonne), while the average price for exports to Romania ($X per tonne) and Greece ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania, while the prices for the other major destinations experienced a decline.

Wheat Flour Imports

Imports into Bulgaria

In 2018, approx. X tonnes of wheat or meslin flour were imported into Bulgaria; remaining stable against the previous year. Overall, wheat flour imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. In that year, wheat flour imports attained their peak of X tonnes. From 2009 to 2018, the growth of wheat flour imports remained at a lower figure.

In value terms, wheat flour imports stood at $X in 2018. In general, wheat flour imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. In that year, wheat flour imports attained their peak of $X. From 2009 to 2018, the growth of wheat flour imports failed to regain its momentum.

Imports by Country

In 2018, Greece (X tonnes) constituted the largest wheat flour supplier to Bulgaria, accounting for a X% share of total imports. Moreover, wheat flour imports from Greece exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), ninefold. Austria (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Greece totaled +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 ($X) constituted the largest supplier of wheat flour to Bulgaria, comprising X% of total wheat flour imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2007 to 2018, 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

The average wheat flour import price stood at $X per tonne in 2018, surging by X% against the previous year. In general, the wheat flour import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. In that year, the average import prices for wheat or meslin flour reached their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the average import prices for wheat or meslin flour failed to regain its momentum.

Average prices varied somewhat amongst the major supplying countries. In 2018, the highest prices were recorded for prices from Austria ($X per tonne) and France ($X per tonne), while the price for Slovenia ($X per tonne) and Italy ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Greece, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform