Bulgaria: Cows Skin Market 2025

Cows Skin Market Size in Bulgaria

In 2021, the Bulgarian cows skin market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Cows Skin Production in Bulgaria

In value terms, cows skin production surged to $X in 2021 estimated in export price. Over the period under review, production enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 95% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Cows Skin Exports

Exports from Bulgaria

Cows skin exports from Bulgaria skyrocketed to X tons in 2019, with an increase of 236% compared with the year before. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 250% against the previous year. Over the period under review, the exports reached the maximum in 2019 and are expected to retain growth in the near future.

In value terms, cows skin exports skyrocketed to $X in 2019. Overall, exports, however, continue to indicate a deep contraction. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for cows skin exports from Bulgaria, accounting for a 93% share of total exports. Moreover, cows skin exports to Italy exceeded the volume sent to the second major destination, Turkey (X tons), more than tenfold.

From 2012 to 2019, the average annual rate of growth in terms of volume to Italy amounted to +34.4%.

In value terms, Italy ($X) remains the key foreign market for raw hides and skins of bovine animals exports from Bulgaria, comprising 70% of total exports. The second position in the ranking was taken by Turkey ($X), with a 2.1% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of value to Italy totaled +13.7%.

Export Prices by Country

The average cows skin export price stood at $X per ton in 2019, surging by 84% against the previous year. Over the period under review, the export price, however, faced a abrupt setback. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2019, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Turkey amounted to $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-15.4%).

Cows Skin Imports

Imports into Bulgaria

Cows skin imports into Bulgaria skyrocketed to X tons in 2019, jumping by 317% compared with the previous year. Over the period under review, imports, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 538%. Imports peaked at X tons in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

In value terms, cows skin imports soared to $X in 2019. In general, imports, however, showed a abrupt slump. The growth pace was the most rapid in 2016 when imports increased by 721% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Romania (X tons) constituted the largest cows skin supplier to Bulgaria, with a 72% share of total imports. Moreover, cows skin imports from Romania exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold.

From 2012 to 2019, the average annual rate of growth in terms of volume from Romania amounted to -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+54.9% per year) and Turkey (-7.7% per year).

In value terms, the largest cows skin suppliers to Bulgaria were Romania ($X), Italy ($X) and Turkey ($X), together comprising 98% of total imports.

Among the main suppliers, Romania, with a CAGR of +5.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2019, the average cows skin import price amounted to $X per ton, with an increase of 9.7% against the previous year. Overall, the import price, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2013 an increase of 111%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2019, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Romania (+13.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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