Report Update Nov 1, 2024

Bulgaria - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Animal Fats Market 2024

Animal Fats Market Size in Bulgaria

In 2021, after two years of growth, there was significant decline in the Bulgarian animal fats market, when its value decreased by -90.3% to $X. In general, consumption, however, enjoyed a significant expansion. As a result, consumption attained the peak level of $X, and then contracted sharply in the following year.

Animal Fats Production in Bulgaria

In value terms, animal fats production dropped notably to $X in 2021 estimated in export price. Overall, production, however, posted buoyant growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 128% against the previous year. As a result, production reached the peak level of $X, and then dropped significantly in the following year.

Animal Fats Exports

Exports from Bulgaria

In 2021, the amount of animal fats and oils exported from Bulgaria plummeted to X tons, falling by -42.7% compared with 2020 figures. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 534%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, animal fats exports fell significantly to $X in 2021. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 3,197% against the previous year. As a result, the exports attained the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Belgium (X tons), the UK (X kg) and Spain (X kg) were the main destinations of animal fats exports from Bulgaria, together accounting for 95% of total exports. Switzerland lagged somewhat behind, accounting for a further 4.9%.

From 2014 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for animal fats exported from Bulgaria were the UK ($X), Belgium ($X) and Switzerland ($X), with a combined 90% share of total exports.

The UK, with a CAGR of +19.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average animal fats export price amounted to $X per ton, declining by -87.1% against the previous year. In general, the export price, however, showed a prominent expansion. The growth pace was the most rapid in 2020 when the average export price increased by 1,240%. As a result, the export price reached the peak level of $X per ton, and then dropped sharply in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+21.7%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Fats Imports

Imports into Bulgaria

In 2021, purchases abroad of animal fats and oils decreased by -78% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 1,424% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then fell markedly in the following year.

In value terms, animal fats imports fell remarkably to $X in 2021. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 1,874%. Over the period under review, imports reached the peak figure at $X in 2020, and then dropped notably in the following year.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of animal fats to Bulgaria, accounting for a 73% share of total imports. Moreover, animal fats imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Romania (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +47.2%.

In value terms, the Netherlands ($X) constituted the largest supplier of animal fats and oils to Bulgaria, comprising 94% of total imports. The second position in the ranking was taken by Romania ($X), with a 6.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled +62.1%.

Import Prices by Country

In 2021, the average animal fats import price amounted to $X per ton, picking up by 5.2% against the previous year. In general, the import price posted a strong increase. The pace of growth appeared the most rapid in 2016 an increase of 31% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, 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 Netherlands ($X per ton), while the price for Romania amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for animal fats and oils in the world?

The countries with the highest volumes of animal fats consumption in 2020 were China, the U.S. and India, together accounting for 27% of global consumption. These countries were followed by Italy, Japan, Russia, Brazil, Indonesia, Spain, Germany, Mexico, Pakistan and France, which together accounted for a further 26%.

What are the largest producers of animal fats and oils in the world?

China remains the largest animal fats producing country worldwide, accounting for 15% of total volume. Moreover, animal fats production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. India ranked third in terms of total production with a 5.6% share.

What are the leading suppliers of animal fats and oils to Bulgaria?

In value terms, Italy, the Netherlands and Romania were the largest animal fats suppliers to Bulgaria, with a combined 99% share of total imports.

What are the leading importers of animal fats and oils from Bulgaria?

In value terms, Germany emerged as the key foreign market for animal fats exports from Bulgaria, comprising 90% of total exports. The second position in the ranking was occupied by Bosnia and Herzegovina, with a 5.9% share of total exports. It was followed by the UK, with a 3.5% share.

What is the average export price for animal fats and oils in Bulgaria?

The average animal fats export price stood at $25,354 per ton in 2020, growing by 1,859% against the previous year.

What is the average import price for animal fats and oils in Bulgaria?

The average animal fats import price stood at $11,563 per ton in 2020, surging by 119% against the previous year.

This report provides an in-depth analysis of the animal fats 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 10416030 - Animal fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)

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
Find deeper insights into current market developments
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