Bulgaria: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Bulgaria

The Bulgarian pasta and couscous market skyrocketed to $X in 2022, growing by 28% against the previous year. Over the period under review, consumption recorded a buoyant increase. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Pasta And Couscous Production in Bulgaria

In value terms, pasta and couscous production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded a significant increase. The growth pace was the most rapid in 2014 with an increase of 146%. Pasta and couscous production peaked in 2022 and is expected to retain growth in the immediate term.

Pasta And Couscous Exports

Exports from Bulgaria

In 2022, pasta and couscous exports from Bulgaria expanded sharply to X tons, with an increase of 5.4% against the previous year's figure. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 419%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, pasta and couscous exports rose significantly to $X in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 572% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for pasta and couscous exports from Bulgaria, accounting for a 65% share of total exports. Moreover, pasta and couscous exports to Germany exceeded the volume sent to the second major destination, Greece (X tons), fivefold. Georgia (X tons) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +109.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+35.0% per year) and Georgia (+347.0% per year).

In value terms, Germany ($X) remains the key foreign market for stuffed pasta and couscous exports from Bulgaria, comprising 69% of total exports. The second position in the ranking was taken by Greece ($X), with an 8.2% share of total exports. It was followed by Cyprus, with a 4% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +126.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+33.4% per year) and Cyprus (+16.6% per year).

Export Prices by Country

The average pasta and couscous export price stood at $X per ton in 2022, surging by 4% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +10.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pasta and couscous export price increased by +24.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 83% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Georgia ($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 Albania (+79.7%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta And Couscous Imports

Imports into Bulgaria

For the ninth consecutive year, Bulgaria recorded growth in overseas purchases of stuffed pasta and couscous, which increased by 21% to X tons in 2022. Over the period under review, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 37%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, pasta and couscous imports soared to $X in 2022. In general, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), Austria (X tons) and Ukraine (X tons) were the main suppliers of pasta and couscous imports to Bulgaria, with a combined 45% share of total imports. Russia, Germany, Italy, Serbia, Belgium and Romania lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +81.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pasta and couscous suppliers to Bulgaria were Austria ($X), Germany ($X) and Ukraine ($X), together comprising 42% of total imports. Italy, Russia, Belgium, Turkey, Serbia and Romania lagged somewhat behind, together accounting for a further 43%.

In terms of the main suppliers, Serbia, with a CAGR of +72.7%, recorded the highest growth rate of 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 pasta and couscous import price amounted to $X per ton, increasing by 6.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2017 an increase of 12% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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