Bulgaria: Gin And Geneva Market 2024

Gin And Geneva Market Size in Bulgaria

The Bulgarian gin and geneva market rose modestly to $X in 2022, growing by 2.8% against the previous year. In general, consumption saw a buoyant increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Gin And Geneva Production in Bulgaria

In value terms, gin and geneva production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. As a result, production attained the peak level of $X, and then declined in the following year.

Gin And Geneva Exports

Exports from Bulgaria

In 2022, approx. X litres of gin and geneva were exported from Bulgaria; rising by 25% compared with 2021. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 165% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, gin and geneva exports soared to $X in 2022. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 125% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Lebanon (X litres), North Macedonia (X litres) and Italy (X litres) were the main destinations of gin and geneva exports from Bulgaria, with a combined 65% share of total exports. These countries were followed by the United Arab Emirates, Morocco, Slovenia, Greece and Romania, which together accounted for a further 27%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +103.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), North Macedonia ($X) and Slovenia ($X) were the largest markets for gin and geneva exported from Bulgaria worldwide, with a combined 70% share of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +181.2%, saw the highest growth rate of the value of exports, 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 gin and geneva export price amounted to $X per litre, jumping by 64% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 128% against the previous year. The export price peaked at $X per litre in 2014; however, from 2015 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 Slovenia ($X per litre), while the average price for exports to Romania ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+40.4%), while the prices for the other major destinations experienced more modest paces of growth.

Gin And Geneva Imports

Imports into Bulgaria

For the eighth year in a row, Bulgaria recorded growth in overseas purchases of gin and geneva, which increased by 31% to X litres in 2022. Over the period under review, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 44%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, gin and geneva imports skyrocketed to $X in 2022. In general, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 58% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Romania (X litres), Germany (X litres) and Italy (X litres) were the main suppliers of gin and geneva imports to Bulgaria, together accounting for 54% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +167.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Italy ($X) and Germany ($X) were the largest gin and geneva suppliers to Bulgaria, with a combined 50% share of total imports.

Italy, with a CAGR of +171.7%, recorded 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 gin and geneva import price stood at $X per litre in 2022, with a decrease of -10.7% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 13%. The import price peaked at $X per litre in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :