Bulgaria: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in Bulgaria

The Bulgarian frozen crustaceans market fell to $X in 2022, shrinking by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Frozen Crustaceans Production in Bulgaria

In value terms, frozen crustaceans production rose slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2018 with an increase of X%. Frozen crustaceans production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Frozen Crustaceans Exports

Exports from Bulgaria

In 2022, overseas shipments of frozen crustaceans increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, exports posted prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, frozen crustaceans exports surged to $X in 2022. Over the period under review, exports recorded a resilient increase. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons), Denmark (X tons) and Sweden (X tons) were the main destinations of frozen crustaceans exports from Bulgaria, together comprising X% 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 the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen crustaceans exported from Bulgaria were the United States ($X), Denmark ($X) and Sweden ($X), with a combined X% share of total exports.

The United States, with a CAGR of X%, saw 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 frozen crustaceans export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price enjoyed a moderate increase. The export price peaked at $X per ton in 2013; however, from 2014 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 United States ($X per ton), while the average price for exports to Sweden ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Crustaceans Imports

Imports into Bulgaria

In 2022, approx. X tons of frozen crustaceans were imported into Bulgaria; reducing by X% on 2021 figures. Overall, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted sharply in the following year.

In value terms, frozen crustaceans imports fell slightly to $X in 2022. Over the period under review, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Denmark (X tons) constituted the largest supplier of frozen crustaceans to Bulgaria, accounting for a X% share of total imports. Moreover, frozen crustaceans imports from Denmark exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and the Netherlands (X% per year).

In value terms, Denmark ($X) constituted the largest supplier of frozen crustaceans to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Denmark amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average frozen crustaceans import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, recorded a perceptible decline. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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