Bulgaria: Preserved Salmon Market 2024

Preserved Salmon Market Size in Bulgaria

In 2021, the Bulgarian preserved salmon market increased by 212% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption showed a significant increase. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in the near future.

Preserved Salmon Production in Bulgaria

In value terms, preserved salmon production soared to $X in 2021 estimated in export price. In general, production continues to indicate a resilient expansion. Preserved salmon production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Preserved Salmon Exports

Exports from Bulgaria

In 2021, shipments abroad of salmon (prepared or preserved) decreased by 0% to X kg for the first time since 2018, thus ending a two-year declining trend. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 23,577%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved salmon exports stood at $X in 2021. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 14,611% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X kg), Switzerland (X kg) and Belgium (X kg) were the main destinations of preserved salmon exports from Bulgaria.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Switzerland ($X) and Belgium ($X) appeared to be the largest markets for preserved salmon exported from Bulgaria worldwide, with a combined 99.9% share of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of 0.0%, recorded 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

The average preserved salmon export price stood at $X per ton in 2021, remaining stable against the previous year. Over the period under review, the export price posted strong growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 311% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Belgium ($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 Sweden (+86.0%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Salmon Imports

Imports into Bulgaria

In 2021, the amount of salmon (prepared or preserved) imported into Bulgaria surged to X tons, with an increase of 114% compared with the previous year. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 228% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, preserved salmon imports soared to $X in 2021. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest supplier of preserved salmon to Bulgaria, with a 83% share of total imports. Moreover, preserved salmon imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. The third position in this ranking was held by Sweden (X tons), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic totaled +76.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.3% per year) and Sweden (+26.8% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of salmon (prepared or preserved) to Bulgaria, comprising 88% of total imports. The second position in the ranking was held by Germany ($X), with an 8.9% share of total imports. It was followed by Sweden, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic stood at +102.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+32.0% per year) and Sweden (+18.1% per year).

Import Prices by Country

In 2021, the average preserved salmon import price amounted to $X per ton, growing by 52% against the previous year. In general, the import price posted resilient growth. The most prominent rate of growth was recorded in 2016 an increase of 293%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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