Bulgaria: Pasta Products Market 2024

Pasta Products Market Size in Bulgaria

In 2022, the Bulgarian pasta products market increased by 39% to $X, rising for the third year in a row after two years of decline. Overall, consumption showed a prominent increase. Pasta products consumption peaked in 2022 and is expected to retain growth in the near future.

Pasta Products Production in Bulgaria

In value terms, pasta products production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 381%. Over the period under review, production hit record highs in 2022 and is likely to see gradual growth in years to come.

Pasta Products Exports

Exports from Bulgaria

In 2022, the amount of dried, undried and frozen pasta and pasta products exported from Bulgaria reached X tons, picking up by 5.8% compared with the previous year's figure. In general, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 591% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, pasta products exports expanded sharply to $X in 2022. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by 1,220%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tons) was the main destination for pasta products exports from Bulgaria, accounting for a 69% share of total exports. Moreover, pasta products exports to Germany exceeded the volume sent to the second major destination, Greece (X tons), fivefold. The third position in this ranking was taken by Georgia (X tons), with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+35.5% per year) and Georgia (+330.6% per year).

In value terms, Germany ($X) remains the key foreign market for dried, undried and frozen pasta and pasta products exports from Bulgaria, comprising 76% of total exports. The second position in the ranking was taken by Greece ($X), with a 9.3% share of total exports. It was followed by Israel, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+33.8% per year) and Israel (+50.0% per year).

Export Prices by Country

The average pasta products export price stood at $X per ton in 2022, rising by 6.9% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +10.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pasta products export price increased by +6.2% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 91%. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Georgia ($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 Albania (+95.4%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta Products Imports

Imports into Bulgaria

In 2022, approx. X tons of dried, undried and frozen pasta and pasta products were imported into Bulgaria; picking up by 38% compared with 2021 figures. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 41% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, pasta products imports skyrocketed to $X in 2022. In general, imports enjoyed strong growth. The pace of growth was the most pronounced in 2020 with an increase of 43% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Turkey (X tons), Ukraine (X tons) and Russia (X tons) were the main suppliers of pasta products imports to Bulgaria, together accounting for 63% of total imports. Serbia, South Korea, Austria, Germany, Italy and Romania lagged somewhat behind, together comprising a further 30%.

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 +81.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Russia ($X) and Serbia ($X) appeared to be the largest pasta products suppliers to Bulgaria, together comprising 52% of total imports.

Serbia, with a CAGR of +72.7%, saw 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 pasta products import price stood at $X per ton in 2022, with an increase of 2.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2017 an increase of 14%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 South Korea ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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