Report Update Nov 1, 2024

Bulgaria - Grape Must - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Grape Must Market 2024

Grape Must Market Size in Bulgaria

In 2021, after two years of decline, there was growth in the Bulgarian grape must market, when its value increased by 1.4% to $X. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Grape Must Production in Bulgaria

In value terms, grape must production rose modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 35%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Grape Must Exports

Exports from Bulgaria

In 2021, overseas shipments of grape must decreased by 0% to X litres, falling for the second consecutive year after four years of growth. In general, exports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 56%. Over the period under review, the exports reached the peak figure at X litres in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, grape must exports stood at $X in 2021. Over the period under review, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2016 when exports increased by 67%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Armenia (X litres) was the main destination for grape must exports from Bulgaria, with a 87% share of total exports. Moreover, grape must exports to Armenia exceeded the volume sent to the second major destination, Panama (X litres), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Armenia stood at +450.5%.

From 2012 to 2021, the average annual rate of growth in terms of value to Armenia amounted to +496.4%.

Export Prices by Country

The average grape must export price stood at $X per litre in 2021, remaining relatively unchanged against the previous year. Over the period under review, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 27% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Panama ($X per litre), while the average price for exports to Armenia stood at $X per litre.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+10.2%).

Grape Must Imports

Imports into Bulgaria

In 2021, the amount of grape must imported into Bulgaria dropped to X litres, falling by -11.9% on the previous year. In general, imports showed a sharp setback. The most prominent rate of growth was recorded in 2018 with an increase of 671% against the previous year. Over the period under review, imports reached the maximum at X litres in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, grape must imports stood at $X in 2021. Over the period under review, imports faced a precipitous setback. The pace of growth appeared the most rapid in 2018 when imports increased by 895%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X litres) was the main supplier of grape must to Bulgaria, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to -6.4%.

In value terms, Spain ($X) constituted the largest supplier of grape must to Bulgaria.

From 2012 to 2021, the average annual growth rate of value from Spain totaled -4.8%.

Import Prices by Country

In 2021, the average grape must import price amounted to $X per litre, growing by 29% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 an increase of 29%. As a result, import price reached the peak level of $X per litre. From 2019 to 2021, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2021, the rate of growth in terms of prices for Hungary amounted to +23.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for grape must in the world?

China constituted the country with the largest volume of grape must consumption, comprising approx. 25% of total volume. Moreover, grape must consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 8.5% share.

What are the largest producers of grape must in the world?

The country with the largest volume of grape must production was China, comprising approx. 25% of total volume. Moreover, grape must production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with an 8.5% share.

What are the leading suppliers of grape must to Bulgaria?

In value terms, Spain constituted the largest supplier of grape must to Bulgaria.

What is the average export price for grape must in Bulgaria?

In 2021, the average grape must export price amounted to $0.9 per litre, almost unchanged from the previous year.

What is the average import price for grape must in Bulgaria?

In 2021, the average grape must import price amounted to $1.9 per litre, waning by -4% against the previous year.

This report provides an in-depth analysis of the grape must market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 11021250 - Grape must (excluding alcohol duty)

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023