Bulgaria: Market for Starch other than Wheat, Corn or Potato 2022

Market Size for Starch other than Wheat, Corn or Potato in Bulgaria

After three years of growth, the Bulgarian market for starch other than wheat, corn or potato decreased by -X% to $X in 2021. Over the period under review, consumption, however, enjoyed a strong increase. Over the period under review, the market reached the peak level at $X in 2020, and then dropped in the following year.

Production of Starch other than Wheat, Corn or Potato in Bulgaria

In value terms, production of starch other than wheat, corn or potato reduced to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Production of peaked at $X in 2020, and then dropped in the following year.

Exports of Starch other than Wheat, Corn or Potato

Exports from Bulgaria

In 2021, exports of starch other than wheat, corn or potato from Bulgaria dropped to X tons, declining by -X% compared with 2020. Over the period under review, exports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of starch other than wheat, corn or potato soared to $X in 2021. In general, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for exports of starch other than wheat, corn or potato from Bulgaria, accounting for a X% share of total exports. Moreover, exports of starch other than wheat, corn or potato to the UK exceeded the volume sent to the second major destination, Romania (X kg), twofold. The third position in this ranking was taken by Belgium (X kg), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and Belgium (+X% per year).

In value terms, the UK ($X), Romania ($X) and Ireland ($X) constituted the largest markets for starch other than wheat, corn or potato exported from Bulgaria worldwide, with a combined X% share of total exports. These countries were followed by Germany, the United Arab Emirates, Poland and Belgium, which together accounted for a further X the main countries of destination, the United Arab Emirates, with a CAGR of +X%, saw 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

The average export price for starch other than wheat, corn or potato stood at $X per ton in 2021, jumping by X% against the previous year. Over the period under review, the export price saw strong growth. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by the country of destination: the country with the highest price was Romania ($X per ton), while the average price for exports to Belgium ($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 the UK (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Starch other than Wheat, Corn or Potato

Imports into Bulgaria

In 2021, overseas purchases of starch other than wheat, corn or potato decreased by -X% to X tons, falling for the fourth year in a row after three years of growth. In general, imports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of starch other than wheat, corn or potato surged to $X in 2021. Overall, imports faced a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

France (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of imports of starch other than wheat, corn or potato to Bulgaria, with a combined X% share of total imports. Italy, China, Thailand and Germany lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Germany (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of starch other than wheat, corn or potato to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and the Netherlands (-X% per year).

Import Prices by Country

The average import price for starch other than wheat, corn or potato stood at $X per ton in 2021, picking up by X% against the previous year. In general, the import price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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