Report Update Nov 1, 2024

Bulgaria - Skim Milk of Cows - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Skim Milk Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for skim milk in the world?

The countries with the highest volumes of skim milk consumption in 2021 were the United States, Germany and France, together accounting for 29% of global consumption. New Zealand, Russia, Turkey, Ireland, Iran, the Netherlands, Poland, India, Belgium and Canada lagged somewhat behind, together accounting for a further 36%.

What are the largest producers of skim milk in the world?

The countries with the highest volumes of skim milk production in 2021 were the United States, Germany and France, with a combined 29% share of global production. New Zealand, Russia, Turkey, Ireland, Iran, the Netherlands, Poland, India, Canada and the UK lagged somewhat behind, together comprising a further 36%.

What are the leading suppliers of skim milk to Bulgaria?

In value terms, Germany, Poland and Romania constituted the largest skim milk suppliers to Bulgaria, together accounting for 76% of total imports. Lithuania, the Netherlands, France and Hungary lagged somewhat behind, together comprising a further 20%.

What are the leading importers of skim milk from Bulgaria?

In value terms, Greece remains the key foreign market for skim milk exports from Bulgaria, comprising 97% of total exports. The second position in the ranking was occupied by the UK, with a 2% share of total exports.

What is the average export price for skim milk in Bulgaria?

In 2021, the average skim milk export price amounted to $1,342 per ton, falling by -9.9% against the previous year.

What is the average import price for skim milk in Bulgaria?

In 2021, the average skim milk import price amounted to $634 per ton, waning by -11.4% against the previous year.

This report provides an in-depth analysis of the skim milk market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 888 - Skim Milk of Cows

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023