Bulgaria: Wine Market 2024

Wine Market Size in Bulgaria

The Bulgarian wine market shrank sharply to $X in 2022, falling by X% against the previous year. Over the period under review, consumption continues to indicate a pronounced setback. Wine consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Wine Production in Bulgaria

In value terms, wine production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Wine Exports

Exports from Bulgaria

For the tenth consecutive year, Bulgaria recorded decline in shipments abroad of wine and grape must, which decreased by X% to X litres in 2022. Over the period under review, exports faced a abrupt descent. The smallest decline of X% was in 2017. The exports peaked at X litres in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wine exports declined notably to $X in 2022. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X litres), Sweden (X litres) and the Czech Republic (X litres) were the main destinations of wine exports from Bulgaria, with a combined X% share of total exports. Russia, the UK, the United States, Belgium, Japan, the Netherlands and Romania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Sweden ($X) and the Czech Republic ($X) were the largest markets for wine exported from Bulgaria worldwide, together accounting for X% of total exports. The United States, the UK, Russia, Belgium, Japan, the Netherlands and Romania lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the United States, with a CAGR of X%, recorded 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

In 2022, the average wine export price amounted to $X per litre, picking up by X% against the previous year. In general, export price indicated pronounced growth 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, wine export price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the near future.

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

Wine Imports

Imports into Bulgaria

In 2022, purchases abroad of wine and grape must decreased by X% to X litres for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X litres in 2021, and then contracted in the following year.

In value terms, wine imports reached $X in 2022. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Italy (X litres), Spain (X litres) and France (X litres) were the main suppliers of wine imports to Bulgaria, together comprising X% of total imports. North Macedonia, Germany, South Africa, New Zealand, Chile and Moldova lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest wine suppliers to Bulgaria were France ($X), Italy ($X) and Germany ($X), together accounting for X% of total imports. New Zealand, Spain, North Macedonia, South Africa, Chile and Moldova lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 2022, the average wine import price amounted to $X per litre, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per litre in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per litre), while the price for North Macedonia ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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