Bulgaria: Artificial Guts Market 2024

Artificial Guts Market Size in Bulgaria

The Bulgarian artificial guts market contracted modestly to $X in 2022, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a abrupt setback. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Artificial Guts Exports

Exports from Bulgaria

In 2022, shipments abroad of artificial guts (sausage skins) increased by 5.4% to X tons, rising for the third consecutive year after two years of decline. Overall, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 248% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, artificial guts exports rose markedly to $X in 2022. In general, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 255%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Greece (X tons) was the main destination for artificial guts exports from Bulgaria, with a 62% share of total exports. Moreover, artificial guts exports to Greece exceeded the volume sent to the second major destination, North Macedonia (X tons), twofold. Romania (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece amounted to +69.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+2.3% per year) and Romania (+28.3% per year).

In value terms, Greece ($X) remains the key foreign market for artificial guts (sausage skins) exports from Bulgaria, comprising 69% of total exports. The second position in the ranking was held by North Macedonia ($X), with a 23% share of total exports. It was followed by Romania, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value to Greece totaled +73.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+0.6% per year) and Romania (+35.9% per year).

Export Prices by Country

The average artificial guts export price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, artificial guts export price increased by +90.8% against 2017 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 24%. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to North Macedonia ($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 Italy (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Guts Imports

Imports into Bulgaria

After five years of decline, supplies from abroad of artificial guts (sausage skins) increased by less than 0.1% to X tons in 2022. Overall, imports, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 69% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, artificial guts imports reached $X in 2022. In general, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 5.3% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest artificial guts supplier to Bulgaria, accounting for a 46% share of total imports. Moreover, artificial guts imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was held by the Czech Republic (X tons), with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+5.6% per year) and the Czech Republic (-4.5% per year).

In value terms, the largest artificial guts suppliers to Bulgaria were Germany ($X), the Czech Republic ($X) and Belgium ($X), together accounting for 77% of total imports.

Belgium, with a CAGR of +42.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average artificial guts import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, showed a noticeable curtailment. The growth pace was the most rapid in 2020 an increase of 114%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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