Bulgaria: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in Bulgaria

The Bulgarian preserved cows meat market contracted to $X in 2021, declining by -10.9% against the previous year. In general, consumption continues to indicate a pronounced curtailment. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Preserved Cows Meat Production in Bulgaria

In value terms, preserved cows meat production shrank sharply to $X in 2021 estimated in export price. In general, production saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 340% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Preserved Cows Meat Exports

Exports from Bulgaria

For the third year in a row, Bulgaria recorded growth in overseas shipments of prepared or preserved meat or offal of bovine animals, which increased by 23% to X tons in 2021. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 224%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, preserved cows meat exports surged to $X in 2021. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 166%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Greece (X tons), the UK (X tons) and Romania (X tons) were the main destinations of preserved cows meat exports from Bulgaria, with a combined 57% share of total exports. These countries were followed by Serbia, Germany, Hungary and Belgium, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +378.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved cows meat exported from Bulgaria were Greece ($X), Romania ($X) and the UK ($X), together accounting for 67% of total exports. Hungary, Belgium, Serbia and Germany lagged somewhat behind, together accounting for a further 23%.

In terms of the main countries of destination, Hungary, with a CAGR of +504.7%, 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 2021, the average preserved cows meat export price amounted to $X per ton, increasing by 18% against the previous year. Over the period under review, the export price posted resilient growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 41%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Serbia ($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 Hungary (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports into Bulgaria

For the third consecutive year, Bulgaria recorded decline in overseas purchases of prepared or preserved meat or offal of bovine animals, which decreased by -4.5% to X tons in 2021. Overall, imports, however, saw noticeable growth. The growth pace was the most rapid in 2018 with an increase of 100% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, preserved cows meat imports expanded rapidly to $X in 2021. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by 140% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Italy (X tons), France (X tons) and Poland (X tons) were the main suppliers of preserved cows meat imports to Bulgaria, with a combined 80% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +78.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved cows meat suppliers to Bulgaria were Italy ($X), Poland ($X) and France ($X), with a combined 60% share of total imports.

In terms of the main suppliers, France, with a CAGR of +72.3%, saw 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 preserved cows meat import price amounted to $X per ton, increasing by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2018 an increase of 20% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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