Bulgaria: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in Bulgaria

In 2020, the Bulgarian preserved swine belly market increased by X% to $X, rising for the fourth consecutive year after three years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, the market hit record highs in 2020 and is expected to retain growth in the immediate term.

Preserved Swine Belly Production in Bulgaria

In value terms, preserved swine belly production expanded rapidly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2009 when the production volume increased by X% y-o-y. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Preserved Swine Belly Exports

Exports from Bulgaria

In 2020, exports of bellies and cuts of swine (salted, in brine, dried or smoked) from Bulgaria fell dramatically to X tons, with a decrease of -X% on 2019 figures. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. As a result, exports reached the peak of X tons. from 2011 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, preserved swine belly exports amounted to $X in 2020. Overall, exports recorded a buoyant expansion. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. As a result, exports reached the peak of $X. from 2011 to 2020, the growth exports failed to regain the momentum.

Exports by Country

The Netherlands (X tons) was the main destination for preserved swine belly exports from Bulgaria, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to the Netherlands totaled +X%.

In value terms, the Netherlands ($X) also remains the key foreign market for preserved swine belly exports from Bulgaria.

From 2007 to 2020, the average annual rate of growth in terms of value to the Netherlands amounted to +X%.

Export Prices by Country

The average preserved swine belly export price stood at $X per ton in 2020, jumping by X% against the previous year. Overall, the export price saw prominent growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the peak figure in 2020 and is likely to see gradual growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2007 to 2020, the rate of growth in terms of prices for the Netherlands amounted to +X% per year.

Preserved Swine Belly Imports

Imports into Bulgaria

Preserved swine belly imports into Bulgaria surged to X tons in 2020, rising by X% compared with the previous year. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2020 and are likely to see steady growth in years to come.

In value terms, preserved swine belly imports soared to $X in 2020. In general, imports posted a significant expansion. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure in 2020 and are likely to continue growth in the near future.

Imports by Country

Greece (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of preserved swine belly imports to Bulgaria, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in Germany, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Greece ($X), Germany ($X) and Italy ($X) constituted the largest preserved swine belly suppliers to Bulgaria, together accounting for X% of total imports. Spain and the UK lagged somewhat behind, together comprising a further X recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved swine belly import price stood at $X per ton in 2020, declining by -X% against the previous year. Over the period under review, the import price continues to indicate a mild contraction. The growth pace was the most rapid in 2012 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019, and then fell dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2020, 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 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 more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :