Bulgaria: Skim Milk Market 2025

Skim Milk Market Size in Bulgaria

In 2021, after four years of growth, there was significant decline in the Bulgarian skim milk market, when its value decreased by -8.6% to $X. Overall, consumption, however, continues to indicate a prominent increase. Skim milk consumption peaked at $X in 2020, and then dropped in the following year.

Skim Milk Production in Bulgaria

In value terms, skim milk production shrank markedly to $X in 2021 estimated in export price. Over the period under review, production, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 120% against the previous year. As a result, production attained the peak level of $X, and then shrank significantly in the following year.

Skim Milk Exports

Exports from Bulgaria

In 2021, shipments abroad of skim milk decreased by -51.9% to X tons, falling for the fifth year in a row after two years of growth. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2013 when exports increased by 1,222% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, skim milk exports contracted notably to $X in 2021. Over the period under review, exports continue to indicate a deep slump. The growth pace was the most rapid in 2013 when exports increased by 890%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Greece (X tons) was the main destination for skim milk exports from Bulgaria, with a 98% share of total exports. It was followed by Cyprus (X kg), with a 0.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece amounted to +81.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (-27.3% per year) and Germany (-55.3% per year).

In value terms, Greece ($X) remains the key foreign market for skim milk exports from Bulgaria, comprising 97% of total exports. The second position in the ranking was held by Cyprus ($X), with a 0.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Greece amounted to +85.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (-34.5% per year) and Germany (-56.1% per year).

Export Prices by Country

The average skim milk export price stood at $X per ton in 2021, dropping by -9.4% against the previous year. Overall, the export price showed a noticeable decline. The most prominent rate of growth was recorded in 2020 an increase of 115%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 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 Germany ($X per ton), while the average price for exports to Cyprus ($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 Greece (+2.7%), while the prices for the other major destinations experienced a decline.

Skim Milk Imports

Imports into Bulgaria

Skim milk imports into Bulgaria declined to X tons in 2021, reducing by -10.1% on 2020. In general, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 292%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, skim milk imports contracted slightly to $X in 2021. Overall, imports, however, enjoyed a measured expansion. The pace of growth was the most pronounced in 2020 when imports increased by 372%. Imports peaked at $X in 2014; afterwards, it flattened through to 2021.

Imports by Country

Poland (X tons), Germany (X tons) and Romania (X tons) were the main suppliers of skim milk imports to Bulgaria, with a combined 87% share of total imports. Hungary, the Netherlands, Lithuania and Greece lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +71.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Romania ($X) appeared to be the largest skim milk suppliers to Bulgaria, together accounting for 76% of total imports. These countries were followed by Lithuania, the Netherlands, Greece and Hungary, which together accounted for a further 20%.

Among the main suppliers, Greece, with a CAGR of +70.1%, recorded 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

The average skim milk import price stood at $X per ton in 2021, growing by 10% against the previous year. Over the period under review, the import price, however, recorded a mild contraction. The pace of growth was the most pronounced in 2013 an increase of 50%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+18.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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