Bulgaria: Market for Flaked or Rolled Cereals 2025

Market Size for Flaked or Rolled Cereals in Bulgaria

The Bulgarian flaked or rolled cereal market surged to $X in 2022, growing by 85% against the previous year. Overall, consumption enjoyed buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Flaked or Rolled Cereals in Bulgaria

In value terms, flaked or rolled cereal production reached $X in 2022 estimated in export price. Over the period under review, production saw a mild slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 125%. Flaked or rolled cereal production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Flaked or Rolled Cereals

Exports from Bulgaria

In 2022, the amount of flaked or rolled cereals exported from Bulgaria reduced remarkably to X tons, waning by -61.5% against the year before. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 141%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, flaked or rolled cereal exports declined markedly to $X in 2022. Overall, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2017 when exports increased by 149% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Greece (X tons) was the main destination for flaked or rolled cereal exports from Bulgaria, accounting for a 93% share of total exports. Moreover, flaked or rolled cereal exports to Greece exceeded the volume sent to the second major destination, Israel (X tons), more than tenfold. Romania (X tons) ranked third in terms of total exports with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+266.0% per year) and Romania (-44.8% per year).

In value terms, Greece ($X) remains the key foreign market for flaked or rolled cereals exports from Bulgaria, comprising 87% of total exports. The second position in the ranking was taken by Israel ($X), with a 7.4% share of total exports. It was followed by Romania, with a 0.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Greece was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+182.7% per year) and Romania (-46.2% per year).

Export Prices by Country

In 2022, the average flaked or rolled cereal export price amounted to $X per ton, growing by 31% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 39%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Ireland ($X per ton), while the average price for exports to Portugal ($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 Ireland (+44.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flaked or Rolled Cereals

Imports into Bulgaria

Flaked or rolled cereal imports into Bulgaria skyrocketed to X tons in 2022, rising by 60% on 2021 figures. In general, imports continue to indicate resilient growth. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, flaked or rolled cereal imports surged to $X in 2022. Over the period under review, imports saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Ukraine (X tons), the Czech Republic (X tons) and Romania (X tons) were the main suppliers of flaked or rolled cereal imports to Bulgaria, together comprising 75% of total imports. Germany, Slovakia, Russia, Finland, Kazakhstan, Lithuania and Greece lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +77.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest flaked or rolled cereal suppliers to Bulgaria were the Czech Republic ($X), Ukraine ($X) and Germany ($X), together accounting for 53% of total imports. Romania, Russia, Finland, Lithuania, Kazakhstan, Slovakia and Greece lagged somewhat behind, together comprising a further 30%.

Lithuania, with a CAGR of +86.8%, 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 flaked or rolled cereal import price stood at $X per ton in 2022, falling by -11.6% against the previous year. Overall, the import price, however, posted temperate growth. The most prominent rate of growth was recorded in 2018 an increase of 67%. The import price peaked at $X per ton in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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