Bulgaria: Cereal Flour Market 2024

Cereal Flour Market Size in Bulgaria

In 2022, the Bulgarian cereal flour market increased by X% to $X, rising for the third year in a row after two years of decline. In general, the total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cereal Flour Production in Bulgaria

In value terms, cereal flour production soared to $X in 2022 estimated in export price. In general, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Cereal Flour Exports

Exports from Bulgaria

In 2022, shipments abroad of cereal flours was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, cereal flour exports surged to $X in 2022. Overall, exports continue to indicate resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Greece (X tons) was the main destination for cereal flour exports from Bulgaria, accounting for a X% share of total exports. Moreover, cereal flour exports to Greece exceeded the volume sent to the second major destination, Romania (X tons), threefold. The third position in this ranking was taken by France (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Greece stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and France (X% per year).

In value terms, Greece ($X) remains the key foreign market for cereal flours exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Romania ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Greece stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and France (X% per year).

Export Prices by Country

The average cereal flour export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal flour export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

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

Cereal Flour Imports

Imports into Bulgaria

After four years of growth, overseas purchases of cereal flours decreased by X% to X tons in 2022. In general, imports saw a deep setback. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cereal flour imports fell dramatically to $X in 2022. Over the period under review, imports recorded a perceptible slump. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Greece (X tons) constituted the largest cereal flour supplier to Bulgaria, with a X% share of total imports. Moreover, cereal flour imports from Greece exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Greece amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

In value terms, Greece ($X) constituted the largest supplier of cereal flours to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Greece was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average cereal flour import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal flour import price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Ukraine ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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