Bulgaria: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Bulgaria

In 2020, the Bulgarian market for processed cheese (excluding grated or powdered) increased by X% to $X, rising for the third consecutive year after two years of decline. In general, the total consumption indicated a measured 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 2017 indices. The most prominent rate of growth was recorded in 2019 when the market value increased by X% year-to-year. Consumption peaked in 2020 and is likely to see gradual growth in the near future.

Production of Processed cheese (excluding grated or powdered) in Bulgaria

In value terms, production of processed cheese (excluding grated or powdered) amounted to $X in 2020 estimated in export prices. In general, production continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2020, production failed to regain the momentum.

Exports of Processed cheese (excluding grated or powdered)

Exports from Bulgaria

In 2020, shipments abroad of processed cheese (excluding grated or powdered) decreased by -X% to X tons, falling for the fourth consecutive year after six years of growth. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at X tons in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) dropped notably to $X in 2020. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Exports peaked at $X in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

Exports by Country

Lebanon (X tons), Iraq (X tons) and Romania (X tons) were the main destinations of exports of processed cheese (excluding grated or powdered) from Bulgaria, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for processed cheese (excluding grated or powdered) exported from Bulgaria were Lebanon ($X), Iraq ($X) and Romania ($X), with a combined X% share of total exports.

Romania recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, with a decrease of -X% against the previous year. Over the period under review, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Iraq ($X per ton), while the average price for exports to Romania ($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 Lebanon, while the prices for the other major destinations experienced a decline.

Imports of Processed cheese (excluding grated or powdered)

Imports into Bulgaria

After four years of growth, supplies from abroad of processed cheese (excluding grated or powdered) decreased by -X% to X tons in 2020. In general, total imports indicated tangible growth from 2007 to 2020: its volume 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. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Imports peaked at X tons in 2019, and then fell in the following year.

In value terms, imports of processed cheese (excluding grated or powdered) reduced to $X in 2020. Overall, total imports indicated slight growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2019, and then reduced in the following year.

Imports by Country

Germany (X tons), Poland (X tons) and Romania (X tons) were the main suppliers of imports of processed cheese (excluding grated or powdered) to Bulgaria, together accounting for X% of total imports.

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

In value terms, Germany ($X) constituted the largest supplier of processed cheese (excluding grated or powdered) to Bulgaria, comprising X% of total imports. The second position in the ranking was occupied by Romania ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+X% per year) and Poland (-X% per year).

Import Prices by Country

In 2020, the average import price for processed cheese (excluding grated or powdered) amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, saw a mild descent. The growth pace was the most rapid in 2008 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2009 to 2020, the growth in terms of the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were Romania ($X per ton) and France ($X per ton), while the price for Poland ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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