Bulgaria: Non-Wheat Flour Market 2024

Non-Wheat Flour Market Size in Bulgaria

In 2021, after two years of growth, there was significant decline in the Bulgarian non-wheat flour market, when its value decreased by -8.7% to $X. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Non-Wheat Flour Production in Bulgaria

In value terms, non-wheat flour production shrank to $X in 2021 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +90.8% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 67% against the previous year. Non-wheat flour production peaked at $X in 2020, and then reduced in the following year.

Non-Wheat Flour Exports

Exports from Bulgaria

In 2021, overseas shipments of non-wheat flours decreased by -25.2% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 160%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-wheat flour exports reduced to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 168% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Belgium (X tons), Greece (X tons) and France (X tons) were the main destinations of non-wheat flour exports from Bulgaria, together accounting for 97% of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +79.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X), Greece ($X) and France ($X) constituted the largest markets for non-wheat flour exported from Bulgaria worldwide, together accounting for 90% of total exports.

Belgium, with a CAGR of +84.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average non-wheat flour export price stood at $X per ton in 2021, with an increase of 16% against the previous year. Over the period under review, the export price showed buoyant growth. The growth pace was the most rapid in 2016 when the average export price increased by 80% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+4.1%).

Non-Wheat Flour Imports

Imports into Bulgaria

In 2021, overseas purchases of non-wheat flours increased by 25% to X tons, rising for the third year in a row after three years of decline. In general, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2015 when imports increased by 334% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, non-wheat flour imports soared to $X in 2021. Over the period under review, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2015 when imports increased by 218%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Romania (X tons), Greece (X tons) and Germany (X tons) were the main suppliers of non-wheat flour imports to Bulgaria, together accounting for 71% of total imports. Italy, France, Portugal and Austria lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +1,989.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Romania ($X) and Greece ($X) were the largest non-wheat flour suppliers to Bulgaria, with a combined 54% share of total imports. These countries were followed by Austria, Italy, Portugal and France, which together accounted for a further 33%.

In terms of the main suppliers, Portugal, with a CAGR of +1,540.2%, 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 2021, the average non-wheat flour import price amounted to $X per ton, rising by 6.1% against the previous year. In general, the import price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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