Bulgaria: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Bulgaria

In 2022, the Bulgarian spirits and liqueurs market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Spirits And Liqueurs Production in Bulgaria

In value terms, spirits and liqueurs production shrank markedly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, production reached the peak level of $X, and then contracted sharply in the following year.

Spirits And Liqueurs Exports

Exports from Bulgaria

In 2022, after three years of growth, there was significant decline in shipments abroad of spirits, liqueurs and other spirituous beverages, when their volume decreased by X% to X litres. Over the period under review, exports, however, saw a notable expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at X litres in 2021, and then contracted markedly in the following year.

In value terms, spirits and liqueurs exports reduced to $X in 2022. In general, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped in the following year.

Exports by Country

Romania (X litres) was the main destination for spirits and liqueurs exports from Bulgaria, accounting for a X% share of total exports. Moreover, spirits and liqueurs exports to Romania exceeded the volume sent to the second major destination, the United Arab Emirates (X litres), fourfold. The third position in this ranking was held by Poland (X litres), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Poland (X% per year).

In value terms, Romania ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a X% share of total exports. It was followed by Poland, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Poland (X% per year).

Export Prices by Country

The average spirits and liqueurs export price stood at $X per litre in 2022, picking up by X% against the previous year. In general, export price indicated a notable 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, spirits and liqueurs export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 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 litre. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per litre), while the average price for exports to Romania ($X per litre) was amongst the lowest.

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

Spirits And Liqueurs Imports

Imports into Bulgaria

Spirits and liqueurs imports into Bulgaria skyrocketed to X litres in 2022, increasing by X% against the previous year's figure. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, spirits and liqueurs imports rose remarkably to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

The UK (X litres), Romania (X litres) and Germany (X litres) were the main suppliers of spirits and liqueurs imports to Bulgaria, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Romania ($X) and Ireland ($X) appeared to be the largest spirits and liqueurs suppliers to Bulgaria, together comprising X% of total imports.

Romania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spirits and liqueurs import price stood at $X per litre in 2022, declining by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per litre in 2021, and then reduced in the following year.

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 the Netherlands ($X per litre), while the price for Lithuania ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :