Bulgaria: Wheat Flour Market Overview 2021

Wheat Flour Market Size in Bulgaria

The Bulgarian wheat flour market dropped to $X in 2020, which is down by -X% against the previous year. Overall, consumption continues to indicate a pronounced decline. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Wheat flour consumption peaked at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Wheat Flour Production in Bulgaria

In value terms, wheat flour production shrank modestly to $X in 2020 estimated in export prices. Overall, production continues to indicate a noticeable setback. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. As a result, production attained the peak level of $X. From 2012 to 2020, production growth failed to regain the momentum.

Wheat Flour Exports

Exports from Bulgaria

In 2020, wheat flour exports from Bulgaria skyrocketed to X tonnes, increasing by X% on the previous year's figure. In general, exports showed strong growth. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at X tonnes in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, wheat flour exports soared to $X in 2020. Over the period under review, exports enjoyed a strong increase. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

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

From 2007 to 2020, the biggest increases were in France (+X% per year), while shipments 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 Romania ($X), with a combined X% share of total exports.

Among the main countries of destination, France (+X% per year) recorded the highest growth rate of 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 2020, the average wheat flour export price amounted to $X per tonne, growing by X% against the previous year. In general, the export price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2012 to 2020, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, 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 2020, 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

For the third consecutive year, Bulgaria recorded growth in overseas purchases of wheat or meslin flour, which increased by X% to X tonnes in 2020. In general, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in the near future.

In value terms, wheat flour imports shrank modestly to $X in 2020. Over the period under review, imports recorded prominent growth. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2019, and then reduced in the following year.

Imports by Country

In 2020, 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 2020, 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 ($X) constituted the largest supplier of wheat flour to Bulgaria, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms 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 2020, reducing by -X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2009 to 2020, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, 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 2020, 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 (75M tonnes) remains the largest wheat flour consuming country worldwide, accounting for 19% of total volume. Moreover, wheat flour consumption in China exceeded the figures recorded by the second-largest consumer, India (23M tonnes), threefold. The third position in this ranking was occupied by Indonesia (17M tonnes), with a 4.4% share.

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

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China (75M tonnes) remains the largest wheat flour producing country worldwide, accounting for 19% of total volume. Moreover, wheat flour production in China exceeded the figures recorded by the second-largest producer, India (23M tonnes), threefold. Indonesia (17M tonnes) ranked third in terms of total production with a 4.4% share.

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

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In value terms, Greece ($6.7M) constituted the largest supplier of wheat flour to Bulgaria, comprising 79% of total imports. The second position in the ranking was occupied by Italy ($794K), with a 9.4% 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 ($8.1M), Greece ($7.5M) and Romania ($1.1M), with a combined 97% 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 $365 per tonne in 2020, rising by 15% against the previous year.

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

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In 2020, the average wheat flour import price amounted to $452 per tonne, with a decrease of -7.8% against the previous year.