Bulgaria: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Bulgaria

The Bulgarian market for gingerbread, sweet biscuits and waffles reached $X in 2022, remaining constant against the previous year. Over the period under review, consumption showed a noticeable decline. The growth pace was the most rapid in 2020 with an increase of 5.4%. Gingerbread, sweet biscuit and waffle consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Gingerbread, Sweet Biscuits and Waffles in Bulgaria

In value terms, gingerbread, sweet biscuit and waffle production skyrocketed to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt descent. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Bulgaria

In 2022, shipments abroad of gingerbread, sweet biscuits and waffles increased by 0.7% to X tons, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 27%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, gingerbread, sweet biscuit and waffle exports rose markedly to $X in 2022. The total export value increased at an average annual rate of +5.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 15%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Germany (X tons) was the main destination for gingerbread, sweet biscuit and waffle exports from Bulgaria, with a 13% share of total exports. Moreover, gingerbread, sweet biscuit and waffle exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), twofold. The third position in this ranking was held by France (X tons), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-1.7% per year) and France (-1.6% per year).

In value terms, Germany ($X) remains the key foreign market for gingerbread, sweet biscuits and waffles exports from Bulgaria, comprising 15% of total exports. The second position in the ranking was held by Poland ($X), with a 7.3% share of total exports. It was followed by France, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+0.1% per year) and France (-0.6% per year).

Export Prices by Country

The average export price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, surging by 8.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2014 when the average export price increased by 10%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Turkey ($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 Romania (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Bulgaria

For the eighth year in a row, Bulgaria recorded growth in supplies from abroad of gingerbread, sweet biscuits and waffles, which increased by 3.4% to X tons in 2022. Overall, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 18% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, gingerbread, sweet biscuit and waffle imports expanded markedly to $X in 2022. Over the period under review, imports recorded resilient growth. The pace of growth appeared the most rapid in 2016 when imports increased by 26% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of gingerbread, sweet biscuit and waffle to Bulgaria, with a 26% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from Poland exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), twofold. Romania (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+13.9% per year) and Romania (+2.2% per year).

In value terms, Poland ($X) constituted the largest supplier of gingerbread, sweet biscuits and waffles to Bulgaria, comprising 31% of total imports. The second position in the ranking was held by Germany ($X), with a 9.7% share of total imports. It was followed by the Czech Republic, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.0% per year) and the Czech Republic (+13.0% per year).

Import Prices by Country

The average import price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, picking up by 6.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2018 an increase of 9.2% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :