Bulgaria: Grape Wine Spirits Market 2024

Grape Wine Spirits Market Size in Bulgaria

The Bulgarian grape wine spirits market contracted to $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted slightly in the following year.

Grape Wine Spirits Production in Bulgaria

In value terms, grape wine spirits production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 16%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Grape Wine Spirits Exports

Exports from Bulgaria

In 2022, exports of spirits obtained from distilled grape wine or grape marc from Bulgaria dropped notably to X litres, waning by -34% compared with the previous year's figure. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 33%. The exports peaked at X litres in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, grape wine spirits exports contracted sharply to $X in 2022. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2016 when exports increased by 22% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X litres) was the main destination for grape wine spirits exports from Bulgaria, accounting for a 37% share of total exports. Moreover, grape wine spirits exports to Germany exceeded the volume sent to the second major destination, Poland (X litres), fivefold. The third position in this ranking was held by the United States (X litres), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-24.3% per year) and the United States (+4.1% per year).

In value terms, Germany ($X) emerged as the key foreign market for spirits obtained from distilled grape wine or grape marc exports from Bulgaria, comprising 29% of total exports. The second position in the ranking was taken by Poland ($X), with a 9.9% share of total exports. It was followed by Romania, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-16.2% per year) and Romania (+35.3% per year).

Export Prices by Country

The average grape wine spirits export price stood at $X per litre in 2022, remaining relatively unchanged against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grape wine spirits export price increased by +18.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 37%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per litre), while the average price for exports to the United Arab Emirates ($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 Romania (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Grape Wine Spirits Imports

Imports into Bulgaria

For the fifth year in a row, Bulgaria recorded growth in purchases abroad of spirits obtained from distilled grape wine or grape marc, which increased by 28% to X litres in 2022. Over the period under review, imports saw resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by 140%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, grape wine spirits imports skyrocketed to $X in 2022. Overall, imports saw buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 34% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

North Macedonia (X litres), Turkey (X litres) and Armenia (X litres) were the main suppliers of grape wine spirits imports to Bulgaria, with a combined 70% share of total imports. France, the Netherlands, Serbia, Lithuania, Italy, Moldova, Germany and Spain lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +101.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), France ($X) and Armenia ($X) appeared to be the largest grape wine spirits suppliers to Bulgaria, together accounting for 64% of total imports. These countries were followed by North Macedonia, the Netherlands, Moldova, Germany, Spain, Serbia, Italy and Lithuania, which together accounted for a further 33%.

Among the main suppliers, Lithuania, with a CAGR of +51.5%, saw 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

In 2022, the average grape wine spirits import price amounted to $X per litre, declining by -8.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 118% against the previous year. Over the period under review, average import prices reached the maximum at $X per litre in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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