Bulgaria: Coffee Substitutes Market 2024

Coffee Substitutes Market Size in Bulgaria

The Bulgarian coffee substitutes market expanded significantly to $X in 2022, growing by 7.4% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Coffee Substitutes Production in Bulgaria

In value terms, coffee substitutes production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 66%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Coffee Substitutes Exports

Exports from Bulgaria

In 2022, shipments abroad of coffee substitutes containing coffee decreased by -34.7% to X tons, falling for the fifth year in a row after two years of growth. Over the period under review, exports showed a deep contraction. The pace of growth was the most pronounced in 2014 when exports increased by 99%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, coffee substitutes exports fell markedly to $X in 2022. Overall, exports showed a sharp decline. The pace of growth was the most pronounced in 2014 when exports increased by 69% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Greece (X tons) and Belgium (X tons) were the main destinations of coffee substitutes exports from Bulgaria, together comprising 94% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +41.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for coffee substitutes exported from Bulgaria were Germany ($X), Greece ($X) and Belgium ($X), with a combined 86% share of total exports.

Germany, with a CAGR of +42.2%, recorded the highest growth rate of the value of exports, in terms of 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 coffee substitutes export price amounted to $X per ton, falling by -19.9% against the previous year. Overall, the export price showed a perceptible decline. The pace of growth appeared the most rapid in 2020 when the average export price increased by 39% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Germany ($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 Latvia (+55.4%), while the prices for the other major destinations experienced more modest paces of growth.

Coffee Substitutes Imports

Imports into Bulgaria

In 2022, supplies from abroad of coffee substitutes containing coffee was finally on the rise to reach X tons after four years of decline. Overall, imports, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2017 with an increase of 2,643%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, coffee substitutes imports rose to $X in 2022. Over the period under review, imports showed noticeable growth. The pace of growth appeared the most rapid in 2017 with an increase of 2,035%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Austria (X tons), Italy (X tons) and Belgium (X tons) were the main suppliers of coffee substitutes imports to Bulgaria, with a combined 96% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +224.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of coffee substitutes containing coffee to Bulgaria, comprising 83% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by Belgium, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value from Austria amounted to +32.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.7% per year) and Belgium (+250.7% per year).

Import Prices by Country

In 2022, the average coffee substitutes import price amounted to $X per ton, reducing by -25.7% against the previous year. In general, the import price, however, showed resilient growth. The pace of growth appeared the most rapid in 2016 an increase of 152%. The import price peaked at $X per ton in 2021, and then fell dramatically 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 Germany ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+26.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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