Bulgaria: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Bulgaria

In 2022, the Bulgarian market for powdered, condensed or evaporated milk increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption showed a noticeable slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Powdered, Condensed Or Evaporated Milk in Bulgaria

In value terms, powdered, condensed or evaporated milk production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt slump. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from Bulgaria

In 2022, exports of powdered, condensed or evaporated milk from Bulgaria dropped to X tons, which is down by X% on the previous year. In general, exports recorded a deep slump. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, powdered, condensed or evaporated milk exports expanded markedly to $X in 2022. Over the period under review, exports showed a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons), Greece (X tons) and Iraq (X tons) were the main destinations of powdered, condensed or evaporated milk exports from Bulgaria, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for powdered, condensed or evaporated milk exported from Bulgaria were Greece ($X), Romania ($X) and Ukraine ($X), together comprising X% of total exports. These countries were followed by Iraq, which accounted for a further X%.

In terms of the main countries of destination, Iraq, with a CAGR of X%, 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

In 2022, the average export price for powdered, condensed or evaporated milk amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (X%), while the prices for the other major destinations experienced a decline.

Imports of Powdered, Condensed Or Evaporated Milk

Imports into Bulgaria

In 2022, imports of powdered, condensed or evaporated milk into Bulgaria contracted to X tons, dropping by X% on 2021. Over the period under review, imports continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, powdered, condensed or evaporated milk imports reached $X in 2022. Overall, imports showed a slight downturn. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), Poland (X tons) and Romania (X tons) were the main suppliers of powdered, condensed or evaporated milk imports to Bulgaria, with a combined X% share of total imports. The Netherlands, Ukraine, Estonia, Lithuania, Belgium, the Czech Republic and Greece lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest powdered, condensed or evaporated milk suppliers to Bulgaria were Poland ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total imports. Ukraine, Estonia, Lithuania, Romania, the Czech Republic, Greece and Belgium lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Ukraine, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

The average import price for powdered, condensed or evaporated milk stood at $X per ton in 2022, rising by X% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered, condensed or evaporated milk import price increased by X% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Greece (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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