Bulgaria: Bottled Water Market 2024

Bottled Water Market Size in Bulgaria

The Bulgarian bottled water market shrank slightly to $X in 2022, waning by -4.5% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Bottled water consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Bottled Water Production in Bulgaria

In value terms, bottled water production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 19%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Bottled Water Exports

Exports from Bulgaria

In 2022, overseas shipments of bottled waters increased by 47% to X litres, rising for the third year in a row after two years of decline. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 1,016%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, bottled water exports amounted to $X in 2022. Over the period under review, exports posted a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 202% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Romania (X litres), Poland (X litres) and Marshall Islands (X litres) were the main destinations of bottled water exports from Bulgaria, with a combined 52% share of total exports. Panama, Russia, Liberia, Ukraine, the Philippines, Armenia, Norway, Sierra Leone, Greece and Estonia lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +162.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bottled water exported from Bulgaria were Poland ($X), Romania ($X) and Greece ($X), together accounting for 75% of total exports. These countries were followed by Estonia, Ukraine, Marshall Islands, Panama, Liberia, Russia, the Philippines, Armenia, Norway and Sierra Leone, which together accounted for a further 5.9%.

Estonia, with a CAGR of +126.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average bottled water export price amounted to $X per litre, reducing by -24.5% against the previous year. In general, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 216% against the previous year. Over the period under review, the average export prices attained the maximum at $X per litre in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per litre), while the average price for exports to Russia (less than $X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Bottled Water Imports

Imports into Bulgaria

In 2022, approx. X litres of bottled waters were imported into Bulgaria; rising by 21% on 2021 figures. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 187%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, bottled water imports soared to $X in 2022. Over the period under review, imports posted a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by 134%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Serbia (X litres), Italy (X litres) and Hungary (X litres) were the main suppliers of bottled water imports to Bulgaria, with a combined 76% share of total imports.

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 +97.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Italy ($X) and Serbia ($X) appeared to be the largest bottled water suppliers to Bulgaria, together comprising 82% of total imports.

Serbia, with a CAGR of +73.0%, recorded the highest rates of growth with regard to 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

The average bottled water import price stood at $X per litre in 2022, rising by 36% against the previous year. In general, the import price, however, recorded a deep reduction. Over the period under review, average import prices hit record highs at $X per litre in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per litre), while the price for Serbia ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+17.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :