Bulgaria: Market for Frozen Atlantic Salmon And Danube Salmon 2022

Market Size for Frozen Atlantic Salmon And Danube Salmon in Bulgaria

The Bulgarian market for frozen atlantic salmon and danube salmon skyrocketed to $X in 2021, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +X% 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 +X% against 2015 indices. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Exports of Frozen Atlantic Salmon And Danube Salmon

Exports from Bulgaria

In 2019, approx. X tons of frozen atlantic salmon and danube salmon were exported from Bulgaria; with a decrease of -X% compared with 2018 figures. Overall, exports faced a precipitous curtailment. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2013; however, from 2014 to 2019, the exports stood at a somewhat lower figure.

In value terms, exports of frozen atlantic salmon and danube salmon reduced to $X in 2019. Over the period under review, exports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2019, the exports remained at a lower figure.

Exports by Country

The Netherlands (X kg), France (X kg) and Greece (X kg) were the main destinations of exports of frozen atlantic salmon and danube salmon from Bulgaria, together accounting for X% of total exports.

From 2013 to 2019, the biggest increases were in the Netherlands (with a CAGR of +X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X) remains the key foreign market for frozen atlantic salmon and danube salmon exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Greece ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2013 to 2019, the average annual growth rate of value to the Netherlands amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (-X% per year) and France (X% per year).

Export Prices by Country

The average export price for frozen atlantic salmon and danube salmon stood at $X per ton in 2019, surging by X% against the previous year. Overall, the export price enjoyed a significant expansion. The growth pace was the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2019 and is likely to see steady growth in years to come.

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

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Atlantic Salmon And Danube Salmon

Imports into Bulgaria

In 2021, approx. X tons of frozen atlantic salmon and danube salmon were imported into Bulgaria; rising by X% compared with 2020 figures. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of frozen atlantic salmon and danube salmon soared to $X in 2021. Overall, imports showed significant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest supplier of frozen atlantic salmon and danube salmon to Bulgaria, accounting for a X% share of total imports. Moreover, imports of frozen atlantic salmon and danube salmon from the Czech Republic exceeded the figures recorded by the second-largest supplier, Chile (X tons), twofold. The third position in this ranking was taken by Denmark (X tons), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+X% per year) and Denmark (+X% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of frozen atlantic salmon and danube salmon to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by Denmark, with an X% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+X% per year) and Denmark (+X% per year).

Import Prices by Country

The average import price for frozen atlantic salmon and danube salmon stood at $X per ton in 2021, picking up by X% against the previous year. In general, the import price recorded a tangible expansion. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Greece ($X per ton), while the price for Spain ($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 Czech Republic (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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