Bulgaria: Chewing Gum Market 2022

Chewing Gum Market Size in Bulgaria

In 2021, after three years of decline, there was significant growth in the bulgarian chewing gum market, when its value increased by X% to $X general, consumption, however, saw a relatively flat trend pattern.As a result, consumption reached the peak level of $X. from 2015 to 2021, the growth of the market failed to regain momentum.

Chewing Gum Production in Bulgaria

In value terms, chewing gum production surged to $X in 2021 estimated in export price.Over the period under review, the total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. the trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. based on 2021 figures, production decreased by -X% against 2017 indices.The most prominent rate of growth was recorded in 2014 with an increase of X a result, production attained the peak level of $X. from 2015 to 2021, production growth failed to regain momentum.

Chewing Gum Exports

Exports from Bulgaria

Chewing gum exports from bulgaria rose modestly to X tons in 2021, with an increase of X% compared with the year before.Over the period under review, exports enjoyed buoyant growth.The growth pace was the most rapid in 2013 with an increase of X a result, the exports reached the peak of X tons. from 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, chewing gum exports skyrocketed to $X in 2021.In general, exports showed noticeable growth.The pace of growth was the most pronounced in 2013 with an increase of X exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Greece (X tons) was the main destination for chewing gum exports from Bulgaria, accounting for a X% share of total exports. Moreover, chewing gum exports to Greece exceeded the volume sent to the second major destination, Poland (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2021, 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: Poland (+X% per year) and Germany (-X% per year).

In value terms, Greece ($X) emerged as the key foreign market for chewing gum exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Greece totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+X% per year) and Poland (-X% per year).

Export Prices by Country

In 2021, the average chewing gum export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. from 2015 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Chewing Gum Imports

Imports into Bulgaria

In 2021, purchases abroad of chewing gum increased by X% to X tons, rising for the second consecutive year after three years of decline.Over the period under review, imports, however, saw a perceptible decrease.The pace of growth was the most pronounced in 2020 with an increase of X the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, chewing gum imports rose markedly to $X in 2021.Overall, imports, however, recorded a abrupt shrinkage.The most prominent rate of growth was recorded in 2013 with an increase of X a result, imports attained the peak of $X. from 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X tons), Poland (X tons) and the Netherlands (X tons) were the main suppliers of chewing gum imports to Bulgaria, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of chewing gum to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by Greece, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and Greece (+X% per year).

Import Prices by Country

The average chewing gum import price stood at $X per ton in 2021, remaining constant against the previous year. Overall, the import price, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Greece ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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