Bulgaria: Meat Market 2024

Meat Market Size in Bulgaria

The Bulgarian meat market stood at $X in 2022, approximately equating the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Meat consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Meat Production in Bulgaria

In value terms, meat production reduced to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The average yield of meat in Bulgaria dropped to X kg per head in 2022, waning by X% on 2021 figures. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the yield attained the peak level of X kg per head, and then declined slightly in the following year.

In 2022, the number of animals slaughtered for meat production in Bulgaria dropped to X heads, waning by X% on the previous year's figure. Over the period under review, the number of producing animals continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2021 when the number of producing animals increased by X% against the previous year. Over the period under review, this number reached the maximum level at X heads in 2014; however, from 2015 to 2022, producing animals remained at a lower figure.

Meat Exports

Exports from Bulgaria

In 2022, shipments abroad of meat increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat exports stood at $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Greece (X tons), Romania (X tons) and Cyprus (X tons) were the main destinations of meat exports from Bulgaria, with a combined X% share of total exports. Belgium, Italy, Croatia and Germany lagged somewhat behind, together accounting for a further X%.

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

In value terms, Greece ($X), Romania ($X) and Croatia ($X) appeared to be the largest markets for meat exported from Bulgaria worldwide, with a combined X% share of total exports. Belgium, Cyprus, Germany and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Germany, with a CAGR of X%, 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

The average meat export price stood at $X per ton in 2022, approximately equating the previous year. Overall, the export price showed a slight slump. The most prominent rate of growth was recorded in 2013 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

Meat Imports

Imports into Bulgaria

In 2022, after two years of growth, there was significant decline in overseas purchases of meat, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, meat imports totaled $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Spain (X tons), Germany (X tons) and France (X tons) were the main suppliers of meat imports to Bulgaria, with a combined X% share of total imports. Belgium, the Netherlands, Hungary, Denmark, Poland, Greece and Romania lagged somewhat behind, together accounting for a further X%.

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

In value terms, Spain ($X) constituted the largest supplier of meat to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

Import Prices by Country

The average meat import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Romania ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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