Bulgaria: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Bulgaria

The Bulgarian preserved belly cut market soared to $X in 2020, increasing by X% against the previous year. In general, consumption continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level in 2020 and is expected to retain growth in years to come.

Preserved Belly Cut Production in Bulgaria

In value terms, preserved belly cut production soared to $X in 2020 estimated in export prices. Over the period under review, production saw a resilient increase. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2020 and is likely to see steady growth in the immediate term.

Preserved Belly Cut Exports

Exports from Bulgaria

In 2020, overseas shipments of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, preserved belly cut exports contracted rapidly to $X in 2020. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for preserved belly cut exports from Bulgaria, with a X% share of total exports. Moreover, preserved belly cut exports to Italy exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was occupied by the UK (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Italy totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and the UK (+X% per year).

In value terms, Italy ($X) remains the key foreign market for preserved belly cut exports from Bulgaria, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Italy stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and the Netherlands (+X% per year).

Export Prices by Country

In 2020, the average preserved belly cut export price amounted to $X per ton, growing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per ton), while the average price for exports to Cyprus ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced a decline.

Preserved Belly Cut Imports

Imports into Bulgaria

In 2020, supplies from abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. from 2013 to 2020, the growth imports failed to regain the momentum.

In value terms, preserved belly cut imports amounted to $X in 2020. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of preserved belly cut imports to Bulgaria, together accounting for X% of total imports. These countries were followed by Spain, France and the Czech Republic, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic, while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Germany ($X) appeared to be the largest preserved belly cut suppliers to Bulgaria, together accounting for X% of total imports.

In terms of the main suppliers, Italy recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average preserved belly cut import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Spain ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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