Bulgaria: Market for Smoked Fish Other than Salmon and Herring 2024

Market Size for Smoked Fish Other than Salmon and Herring in Bulgaria

The Bulgarian market for smoked fish other than salmon and herring fell to $X in 2021, reducing by -7.6% against the previous year. In general, consumption showed a abrupt setback. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Smoked Fish Other than Salmon and Herring in Bulgaria

In value terms, production of smoked fish other than salmon and herring reached $X in 2021 estimated in export price. Overall, production, however, saw a drastic downturn. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Smoked Fish Other than Salmon and Herring

Exports from Bulgaria

In 2021, the amount of smoked fish other than salmon and herring exported from Bulgaria was estimated at X tons, flattening at 2020. Over the period under review, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 1,174% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of smoked fish other than salmon and herring expanded remarkably to $X in 2021. In general, exports saw a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by 1,075% against the previous year. Over the period under review, the exports of hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for exports of smoked fish other than salmon and herring from Bulgaria, with a 74% share of total exports. Moreover, exports of smoked fish other than salmon and herring to Sweden exceeded the volume sent to the second major destination, Romania (X tons), sixfold. The third position in this ranking was taken by Germany (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-4.6% per year) and Germany (+52.0% per year).

In value terms, Sweden ($X) remains the key foreign market for smoked fish other than salmon and herring exports from Bulgaria, comprising 77% of total exports. The second position in the ranking was taken by Romania ($X), with a 13% share of total exports. It was followed by Germany, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to Sweden totaled +18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-6.7% per year) and Germany (+59.2% per year).

Export Prices by Country

In 2021, the average export price for smoked fish other than salmon and herring amounted to $X per ton, increasing by 8.5% against the previous year. In general, the export price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 40% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Romania ($X per ton), while the average price for exports to Germany ($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 Cyprus (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Smoked Fish Other than Salmon and Herring

Imports into Bulgaria

In 2021, supplies from abroad of smoked fish other than salmon and herring decreased by -29% to X tons, falling for the third year in a row after two years of growth. In general, imports showed a perceptible decline. The pace of growth appeared the most rapid in 2017 when imports increased by 48% against the previous year. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of smoked fish other than salmon and herring fell markedly to $X in 2021. Over the period under review, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2013 when imports increased by 45% against the previous year. Over the period under review, imports of attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Poland (X tons) constituted the largest smoked fish other than salmon and herring supplier to Bulgaria, with a 65% share of total imports. Moreover, imports of smoked fish other than salmon and herring from Poland exceeded the figures recorded by the second-largest supplier, Romania (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from Poland amounted to +24.4%.

In value terms, the largest smoked fish other than salmon and herring suppliers to Bulgaria were Poland ($X) and Romania ($X).

In terms of the main suppliers, Poland, with a CAGR of +21.9%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the average import price for smoked fish other than salmon and herring amounted to $X per ton, surging by 18% against the previous year. In general, the import price, however, showed a mild decrease. The most prominent rate of growth was recorded in 2020 an increase of 46%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Romania ($X per ton), while the price for Poland totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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