Bulgaria: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Bulgaria

The Bulgarian uncooked pasta market shrank remarkably to $X in 2021, waning by -56.1% against the previous year. In general, consumption showed a deep contraction. As a result, consumption reached the peak level of $X, and then reduced dramatically in the following year.

Uncooked Pasta Production in Bulgaria

In value terms, uncooked pasta production fell rapidly to $X in 2021 estimated in export price. Over the period under review, production faced a precipitous decrease. The pace of growth was the most pronounced in 2020 with an increase of 32%. Uncooked pasta production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Uncooked Pasta Exports

Exports from Bulgaria

In 2021, after two years of growth, there was decline in overseas shipments of uncooked pasta, when their volume decreased by -1.4% to X tons. In general, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 153%. As a result, the exports attained the peak of X tons, and then reduced in the following year.

In value terms, uncooked pasta exports surged to $X in 2021. Overall, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 137% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Romania (X tons), Iraq (X tons) and Greece (X tons) were the main destinations of uncooked pasta exports from Bulgaria, with a combined 64% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +97.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for uncooked pasta exported from Bulgaria were Iraq ($X), Romania ($X) and Greece ($X), together comprising 50% of total exports.

Iraq, with a CAGR of +66.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average uncooked pasta export price stood at $X per ton in 2021, growing by 24% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced slump. The growth pace was the most rapid in 2016 when the average export price increased by 30%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Romania ($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 Slovakia (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.

Uncooked Pasta Imports

Imports into Bulgaria

For the third year in a row, Bulgaria recorded growth in supplies from abroad of uncooked pasta, which increased by 4% to X tons in 2021. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, uncooked pasta imports expanded significantly to $X in 2021. Overall, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.2% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Greece (X tons) constituted the largest uncooked pasta supplier to Bulgaria, accounting for a 52% share of total imports. Moreover, uncooked pasta imports from Greece exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was taken by Turkey (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Greece stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.1% per year) and Turkey (+7.5% per year).

In value terms, Greece ($X), Italy ($X) and Turkey ($X) were the largest uncooked pasta suppliers to Bulgaria, with a combined 86% share of total imports. These countries were followed by Germany, Romania, the Czech Republic and Spain, which together accounted for a further 8.1%.

Spain, with a CAGR of +40.5%, 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

In 2021, the average uncooked pasta import price amounted to $X per ton, surging by 7.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2020 when the average import price increased by 11% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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