Report Update Nov 1, 2024

Bulgaria - Anchovies (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in Bulgaria

In 2021, the Bulgarian preserved anchovies market decreased by -14.7% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Preserved anchovies consumption peaked at $X in 2020, and then dropped in the following year.

Preserved Anchovies Production in Bulgaria

In value terms, preserved anchovies production reduced to $X in 2021 estimated in export price. In general, production, however, continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 61%. Preserved anchovies production peaked at $X in 2020, and then fell in the following year.

Preserved Anchovies Exports

Exports from Bulgaria

In 2021, exports of anchovies (prepared or preserved) from Bulgaria rose notably to X tons, picking up by 11% on the previous year's figure. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2018 with an increase of 174,232%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, preserved anchovies exports skyrocketed to $X in 2021. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2018 when exports increased by 81,351%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for preserved anchovies exports from Bulgaria, with a 95% share of total exports. Moreover, preserved anchovies exports to Belgium exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at +44.0%.

In value terms, Belgium ($X) remains the key foreign market for anchovies (prepared or preserved) exports from Bulgaria, comprising 95% of total exports. The second position in the ranking was held by Germany ($X), with a 3.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Belgium totaled +44.2%.

Export Prices by Country

The average preserved anchovies export price stood at $X per ton in 2021, growing by 3.5% against the previous year. In general, the export price, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 274%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+0.1%).

Preserved Anchovies Imports

Imports into Bulgaria

Preserved anchovies imports into Bulgaria soared to X tons in 2021, increasing by 38% compared with the previous year. Overall, imports posted prominent growth. The growth pace was the most rapid in 2016 with an increase of 121% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, preserved anchovies imports stood at $X in 2021. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 98% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Spain (X tons), Italy (X tons) and France (X kg) were the main suppliers of preserved anchovies imports to Bulgaria, with a combined 92% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +25.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved anchovies suppliers to Bulgaria were Italy ($X), Spain ($X) and France ($X), together comprising 92% of total imports.

Among the main suppliers, Spain, with a CAGR of +19.5%, 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 preserved anchovies import price stood at $X per ton in 2021, which is down by -16.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 36%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+80.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for anchovies (prepared or preserved) in the world?

The countries with the highest volumes of preserved anchovies consumption in 2021 were China, the United States and India, with a combined 27% share of global consumption. Japan, Pakistan, Germany, Brazil, Russia, Indonesia, Nigeria, Italy, the UK and Bangladesh lagged somewhat behind, together comprising a further 26%.

What are the largest producers of anchovies (prepared or preserved) in the world?

The countries with the highest volumes of preserved anchovies production in 2021 were China, the United States and India, with a combined 27% share of global production. Japan, Pakistan, Brazil, Germany, Russia, Indonesia, Nigeria, Bangladesh, the UK and Mexico lagged somewhat behind, together accounting for a further 26%.

What are the leading suppliers of anchovies (prepared or preserved) to Bulgaria?

In value terms, the largest preserved anchovies suppliers to Bulgaria were Italy, Spain and France, with a combined 92% share of total imports.

What are the leading importers of anchovies (prepared or preserved) from Bulgaria?

In value terms, Belgium remains the key foreign market for preserved anchovies exports from Bulgaria, comprising 95% of total exports. The second position in the ranking was occupied by Germany, with a 3.8% share of total exports.

What is the average export price for anchovies (prepared or preserved) in Bulgaria?

The average preserved anchovies export price stood at $5,927 per ton in 2021, growing by 3.5% against the previous year.

What is the average import price for anchovies (prepared or preserved) in Bulgaria?

In 2021, the average preserved anchovies import price amounted to $10,591 per ton, falling by -8.9% against the previous year.

This report provides an in-depth analysis of the preserved anchovies market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10202560 - Prepared or preserved anchovies, whole or in pieces (excluding minced products and prepared meals and dishes)

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023