Bulgaria: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Bulgaria

The Bulgarian market for chocolate bars with cereals, fruit or nuts soared to $X in 2022, growing by 54% against the previous year. Overall, consumption showed a buoyant increase. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Bulgaria

In value terms, production of chocolate bars with cereals, fruit or nuts rose markedly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 50%. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from Bulgaria

In 2022, overseas shipments of chocolate bars with cereals, fruit or nuts decreased by -13.4% to X tons, falling for the second consecutive year after three years of growth. In general, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 27% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of chocolate bars with cereals, fruit or nuts contracted to $X in 2022. Overall, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2018 when exports increased by 26%. Over the period under review, the exports of hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

Romania (X tons), Poland (X tons) and Ukraine (X tons) were the main destinations of exports of chocolate bars with cereals, fruit or nuts from Bulgaria, with a combined 33% share of total exports. Germany, Russia, Greece, Libya, Lebanon, Turkey, the Czech Republic, Serbia, France and Israel lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +176.2%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Poland ($X) and Germany ($X) appeared to be the largest markets for cereal, fruit or nut chocolate bar exported from Bulgaria worldwide, together comprising 26% of total exports. Libya, Greece, Russia, Lebanon, Ukraine, Turkey, Serbia, Israel, France and the Czech Republic lagged somewhat behind, together comprising a further 42%.

Israel, with a CAGR of +167.2%, recorded the highest rates of growth with regard to the value of exports, among 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 export price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, with an increase of 3.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2013 an increase of 17%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Romania ($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 France (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into Bulgaria

In 2022, approx. X tons of chocolate bars with cereals, fruit or nuts were imported into Bulgaria; increasing by 3.2% against the year before. Over the period under review, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 52% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of chocolate bars with cereals, fruit or nuts rose significantly to $X in 2022. Overall, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 49%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), Romania (X tons) and Poland (X tons) were the main suppliers of imports of chocolate bars with cereals, fruit or nuts to Bulgaria, together comprising 71% of total imports. The Netherlands, Greece, Ukraine, Austria and Hungary lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +189.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cereal, fruit or nut chocolate bar suppliers to Bulgaria were Germany ($X), Romania ($X) and the Netherlands ($X), with a combined 72% share of total imports. Poland, Greece, Ukraine, Austria and Hungary lagged somewhat behind, together comprising a further 18%.

Ukraine, with a CAGR of +167.6%, recorded the highest rates of growth with regard to 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 import price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, with an increase of 1.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2021 an increase of 7.2% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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