Bulgaria: Preserved Pork Market 2021

Preserved Pork Market Size in Bulgaria

In 2020, the Bulgarian preserved pork market increased by X% to $X, rising for the fifth consecutive year after three years of decline. Over the period under review, the total consumption indicated a buoyant expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Preserved pork consumption peaked in 2020 and is expected to retain growth in the immediate term.

Preserved Pork Production in Bulgaria

In value terms, preserved pork production reached $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. As a result, production attained the peak level of $X. from 2011 to 2020, production growth remained at a somewhat lower figure.

Preserved Pork Exports

Exports from Bulgaria

In 2020, shipments abroad of pig meat salted (salted, in brine, dried or smoked) decreased by -X% to X tons for the first time since 2016, thus ending a three-year rising trend. Overall, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Exports peaked at X tons in 2019, and then dropped sharply in the following year.

In value terms, preserved pork exports dropped remarkably to $X in 2020. Over the period under review, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2019, and then declined remarkably in the following year.

Exports by Country

Germany (X tons) was the main destination for preserved pork exports from Bulgaria, with a X% share of total exports. Moreover, preserved pork exports to Germany exceeded the volume sent to the second major destination, Romania (X tons), sixfold. The third position in this ranking was occupied by Greece (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and Greece (-X% per year).

In value terms, Germany ($X) remains the key foreign market for preserved pork exports from Bulgaria, comprising X% of total exports. The second position in the ranking was occupied by Romania ($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 growth rate of value to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and the Netherlands (-X% per year).

Export Prices by Country

In 2020, the average preserved pork export price amounted to $X per ton, rising 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.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Greece ($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 Belgium, while the prices for the other major destinations experienced mixed trend patterns.

Preserved Pork Imports

Imports into Bulgaria

In 2020, supplies from abroad of pig meat salted (salted, in brine, dried or smoked) decreased by -X% to X tons for the first time since 2015, thus ending a four-year rising trend. In general, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tons in 2019, and then contracted dramatically in the following year.

In value terms, preserved pork imports reduced to $X in 2020. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Imports peaked at $X in 2019, and then fell in the following year.

Imports by Country

Germany (X tons), Italy (X tons) and the UK (X tons) were the main suppliers of preserved pork imports to Bulgaria, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved pork suppliers to Bulgaria were Italy ($X), Germany ($X) and the UK ($X), with a combined X% share of total imports.

The UK saw the highest growth rate of 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 preserved pork import price stood at $X per ton in 2020, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the maximum at $X per ton in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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