Bulgaria: Market for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Bulgaria

For the third year in a row, the Bulgarian market for fresh or chilled pig meat other than cuts or carcases recorded growth in sales value, which increased by 1.4% to $X in 2022. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +50.2% against 2015 indices. Consumption of peaked in 2022 and is expected to retain growth in the near future.

Production of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Bulgaria

In value terms, production of fresh or chilled pig meat other than cuts or carcases totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 24% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Exports from Bulgaria

Exports of fresh or chilled pig meat other than cuts or carcases from Bulgaria reduced to X tons in 2022, waning by -6.4% against the year before. Overall, exports, however, enjoyed a tangible increase. The pace of growth was the most pronounced in 2021 with an increase of 61%. As a result, the exports attained the peak of X tons, and then reduced in the following year.

In value terms, exports of fresh or chilled pig meat other than cuts or carcases totaled $X in 2022. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 63% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Romania (X tons) was the main destination for exports of fresh or chilled pig meat other than cuts or carcases from Bulgaria, with a 43% share of total exports. Moreover, exports of fresh or chilled pig meat other than cuts or carcases to Romania exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was held by Greece (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Romania totaled -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+101.9% per year) and Greece (+3.4% per year).

In value terms, Romania ($X) remains the key foreign market for fresh or chilled pig meat other than cuts or carcases exports from Bulgaria, comprising 38% of total exports. The second position in the ranking was taken by Germany ($X), with an 18% share of total exports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania amounted to +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+111.1% per year) and the Netherlands (+81.9% per year).

Export Prices by Country

In 2022, the average export price for fresh or chilled pig meat other than cuts or carcases amounted to $X per ton, growing by 10% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fresh or chilled pig meat other than cuts or carcases increased by +49.0% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 68%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Italy ($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 Belgium (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Imports into Bulgaria

For the third consecutive year, Bulgaria recorded growth in purchases abroad of fresh or chilled pig meat other than cuts or carcases, which increased by 1.2% to X tons in 2022. Overall, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 72%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of fresh or chilled pig meat other than cuts or carcases rose significantly to $X in 2022. Over the period under review, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 56%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest fresh pork other than cuts or carcases supplier to Bulgaria, with a 59% share of total imports. Moreover, imports of fresh or chilled pig meat other than cuts or carcases from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.9% per year) and Germany (-0.8% per year).

In value terms, Spain ($X) constituted the largest supplier of fresh or chilled pig meat other than cuts or carcases to Bulgaria, comprising 62% of total imports. The second position in the ranking was held by France ($X), with an 11% share of total imports. It was followed by Germany, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.4% per year) and Germany (-1.8% per year).

Import Prices by Country

In 2022, the average import price for fresh or chilled pig meat other than cuts or carcases amounted to $X per ton, with an increase of 11% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 16% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 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 Spain ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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