Bulgaria: Baby Food Market 2024

Baby Food Market Size in Bulgaria

The Bulgarian baby food market totaled $X in 2021, rising by 3.8% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +68.7% against 2012 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the immediate term.

Baby Food Production in Bulgaria

In value terms, baby food production expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2017 with an increase of 13%. Baby food production peaked in 2021 and is expected to retain growth in years to come.

Baby Food Exports

Exports from Bulgaria

In 2021, after three years of decline, there was significant growth in shipments abroad of food preparations for infants, when their volume increased by 600% to X tons. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, baby food exports skyrocketed to $X in 2021. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Serbia (X tons) was the main destination for baby food exports from Bulgaria, with a 70% share of total exports. Moreover, baby food exports to Serbia exceeded the volume sent to the second major destination, Croatia (X tons), fourfold. Spain (X tons) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume to Serbia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (0.0% per year) and Spain (+3.3% per year).

In value terms, Serbia ($X) emerged as the key foreign market for food preparations for infants exports from Bulgaria, comprising 63% of total exports. The second position in the ranking was taken by Spain ($X), with a 23% share of total exports. It was followed by Croatia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Serbia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+6.5% per year) and Croatia (0.0% per year).

Export Prices by Country

The average baby food export price stood at $X per ton in 2021, reducing by -58.2% against the previous year. In general, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of 46% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Croatia ($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 Spain (+3.2%), while the prices for the other major destinations experienced a decline.

Baby Food Imports

Imports into Bulgaria

In 2021, purchases abroad of food preparations for infants increased by 13% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +16.9% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 22%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, baby food imports totaled $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +120.4% against 2012 indices. The most prominent rate of growth was recorded in 2017 with an increase of 26%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X tons), Austria (X tons) and France (X tons) were the main suppliers of baby food imports to Bulgaria, together comprising 77% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +28.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Austria ($X) and Germany ($X) appeared to be the largest baby food suppliers to Bulgaria, together comprising 81% of total imports. France, Poland and Switzerland lagged somewhat behind, together comprising a further 16%.

Among the main suppliers, Poland, with a CAGR of +37.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average baby food import price amounted to $X per ton, growing by 1.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2018 an increase of 9.3% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Austria ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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