Bulgaria: Frozen Fish Market 2024

Frozen Fish Market Size in Bulgaria

The Bulgarian frozen fish market surged to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Frozen Fish Production in Bulgaria

In value terms, frozen fish production soared to $X in 2022 estimated in export price. In general, production, however, showed a remarkable increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Frozen Fish Exports

Exports from Bulgaria

In 2022, the amount of frozen fish exported from Bulgaria contracted notably to X tons, which is down by X% against 2021. Overall, exports saw a noticeable setback. 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 at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, frozen fish exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Romania (X tons) was the main destination for frozen fish exports from Bulgaria, with a X% share of total exports. Moreover, frozen fish exports to Romania exceeded the volume sent to the second major destination, Sweden (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Germany (X% per year).

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

Germany, 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

The average frozen fish export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price saw a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the UK ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into Bulgaria

Frozen fish imports into Bulgaria soared to X tons in 2022, jumping by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen fish imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Spain (X tons) and Morocco (X tons) were the main suppliers of frozen fish imports to Bulgaria, together accounting for X% of total imports. Norway, Canada, Ecuador, Poland, Iceland, Denmark, Latvia, Argentina, Estonia and China lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest frozen fish suppliers to Bulgaria were the Netherlands ($X), Spain ($X) and Norway ($X), with a combined X% share of total imports. Denmark, Canada, Morocco, Poland, Ecuador, Iceland, Argentina, China, Latvia and Estonia lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the average frozen fish import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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