Bulgaria: Market for Prepared Or Preserved Shoulders And Cuts Of Swine Meat 2024

Market Size for Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Bulgaria

The Bulgarian preserved swine meat cut market dropped to $X in 2021, falling by -7.6% against the previous year. Over the period under review, consumption, however, showed a mild increase. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Bulgaria

In value terms, preserved swine meat cut production shrank markedly to $X in 2021 estimated in export price. In general, production, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 62%. Preserved swine meat cut production peaked at $X in 2020, and then fell remarkably in the following year.

Exports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Exports from Bulgaria

In 2021, shipments abroad of prepared or preserved shoulders and cuts of swine meat increased by 114% to X tons, rising for the third year in a row after three years of decline. Over the period under review, exports, however, showed a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 1,683% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, preserved swine meat cut exports surged to $X in 2021. Overall, exports, however, saw a precipitous decrease. The growth pace was the most rapid in 2014 with an increase of 1,208%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

North Macedonia (X tons) was the main destination for preserved swine meat cut exports from Bulgaria, with a 79% share of total exports. Moreover, preserved swine meat cut exports to North Macedonia exceeded the volume sent to the second major destination, the UK (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to North Macedonia stood at +77.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+392.4% per year) and Greece (-56.4% per year).

In value terms, North Macedonia ($X) remains the key foreign market for prepared or preserved shoulders and cuts of swine meat exports from Bulgaria, comprising 76% of total exports. The second position in the ranking was held by the UK ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to North Macedonia stood at +87.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+264.9% per year) and Greece (-60.0% per year).

Export Prices by Country

The average preserved swine meat cut export price stood at $X per ton in 2021, growing by 6.1% against the previous year. In general, the export price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 101%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to North Macedonia ($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 North Macedonia (+5.8%), while the prices for the other major destinations experienced a decline.

Imports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Imports into Bulgaria

In 2021, overseas purchases of prepared or preserved shoulders and cuts of swine meat increased by 45% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 62%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved swine meat cut imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 56%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

France (X tons), Croatia (X tons) and Belgium (X tons) were the main suppliers of preserved swine meat cut imports to Bulgaria, with a combined 92% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Croatia (with a CAGR of +34.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, France ($X), Croatia ($X) and Germany ($X) were the largest preserved swine meat cut suppliers to Bulgaria, together comprising 92% of total imports.

Germany, with a CAGR of +37.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average preserved swine meat cut import price amounted to $X per ton, with a decrease of -8% against the previous year. Over the period under review, the import price showed a noticeable decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by 52%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium ($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 Czech Republic (+57.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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