Bulgaria: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Bulgaria

The Bulgarian whole fresh milk market expanded to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, saw a mild decline. Whole fresh milk consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Whole Fresh Milk Production in Bulgaria

In value terms, whole fresh milk production expanded slightly to $X in 2022 estimated in export price. In general, production, however, saw a mild decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Whole Fresh Milk Exports

Exports from Bulgaria

In 2022, overseas shipments of whole fresh milk decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, whole fresh milk exports reduced markedly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Greece (X tons) was the main destination for whole fresh milk exports from Bulgaria, accounting for a X% share of total exports. Moreover, whole fresh milk exports to Greece exceeded the volume sent to the second major destination, Romania (X tons), ninefold. The third position in this ranking was held by Cyprus (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume 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 Cyprus (X% per year).

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

From 2012 to 2022, the average annual growth rate of value 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 Cyprus (X% per year).

Export Prices by Country

In 2022, the average whole fresh milk export price amounted to $X per ton, picking up by X% against the previous year. Overall, export price indicated noticeable growth 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, whole fresh milk export price increased by X% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Cyprus ($X per ton) was amongst the lowest.

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

Whole Fresh Milk Imports

Imports into Bulgaria

In 2022, supplies from abroad of whole fresh milk increased by X% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, imports saw a resilient expansion. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, whole fresh milk imports surged to $X in 2022. Overall, imports showed a buoyant expansion. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Romania (X tons), Hungary (X tons) and the Czech Republic (X tons) were the main suppliers of whole fresh milk imports to Bulgaria, with a combined X% share of total imports. Poland, Serbia, the Netherlands, Greece and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest whole fresh milk suppliers to Bulgaria were Romania ($X), Hungary ($X) and Poland ($X), together accounting for X% of total imports. The Czech Republic, Serbia, Greece, the Netherlands and Germany lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Serbia, with a CAGR of X%, saw 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

The average whole fresh milk import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, import price indicated a slight 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, whole fresh milk import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 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 Poland ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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