Bulgaria: Meat Dishes Market 2024

Meat Dishes Market Size in Bulgaria

The Bulgarian meat dishes market reduced dramatically to $X in 2022, waning by -38.9% against the previous year. In general, consumption, however, posted strong growth. As a result, consumption attained the peak level of $X, and then contracted remarkably in the following year.

Meat Dishes Production in Bulgaria

In value terms, meat dishes production fell significantly to $X in 2022 estimated in export price. Overall, production, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by 382%. As a result, production attained the peak level of $X, and then dropped remarkably in the following year.

Meat Dishes Exports

Exports from Bulgaria

After two years of growth, overseas shipments of meat dishes decreased by -1.5% to X tons in 2022. Over the period under review, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 30% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined modestly in the following year.

In value terms, meat dishes exports skyrocketed to $X in 2022. In general, exports, however, showed a resilient increase. The growth pace was the most rapid in 2013 when exports increased by 42% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), Romania (X tons) and France (X tons) were the main destinations of meat dishes exports from Bulgaria, with a combined 41% share of total exports. Greece, the Netherlands, Belgium, Serbia, Spain, Ukraine and Cyprus 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 Ukraine (with a CAGR of +256.7%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Belgium ($X) were the largest markets for meat dishes exported from Bulgaria worldwide, with a combined 44% share of total exports. Romania, the Netherlands, Greece, Spain, Ukraine, Serbia and Cyprus lagged somewhat behind, together comprising a further 35%.

In terms of the main countries of destination, Ukraine, with a CAGR of +262.7%, saw the highest rates of growth with regard to 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 meat dishes export price amounted to $X per ton, picking up by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Serbia ($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 Spain (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Dishes Imports

Imports into Bulgaria

In 2022, approx. X tons of meat dishes were imported into Bulgaria; remaining constant against 2021. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 11% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, meat dishes imports expanded sharply to $X in 2022. In general, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.9% against 2015 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 21%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of meat dishes imports to Bulgaria, together comprising 57% of total imports. Spain, Greece, Romania, Hungary, France, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +12.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Italy ($X) appeared to be the largest meat dishes suppliers to Bulgaria, with a combined 56% share of total imports. Spain, Greece, Hungary, Romania, France, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further 37%.

In terms of the main suppliers, Hungary, with a CAGR of +12.8%, recorded the highest growth rate of 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 2022, the average meat dishes import price amounted to $X per ton, surging by 8.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2013 when the average import price increased by 13%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue 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 the Czech Republic ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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