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Bulgaria - Chewing Gum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChewing Gum Price in Bulgaria - 2023
Contents:
- Chewing Gum Price in Bulgaria (FOB) - 2023
- Chewing Gum Price in Bulgaria (CIF) - 2023
- Chewing Gum Exports in Bulgaria
- Chewing Gum Imports in Bulgaria
Chewing Gum Price in Bulgaria (FOB) - 2023
The average chewing gum export price stood at $9,530 per ton in June 2023, which is down by -15.4% against the previous month. Over the period under review, export price indicated a slight expansion from June 2022 to June 2023: its price increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, chewing gum export price decreased by -33.7% against February 2023 indices. The pace of growth appeared the most rapid in July 2022 an increase of 98% m-o-m. As a result, the export price attained the peak level of $15,812 per ton. From August 2022 to June 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was the UK ($18,200 per ton), while the average price for exports to Germany ($2,486 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Chewing Gum Price in Bulgaria (CIF) - 2023
In June 2023, the average chewing gum import price amounted to $5,708 per ton, growing by 54% against the previous month. In general, the import price, however, recorded a mild contraction. The pace of growth was the most pronounced in December 2022 when the average import price increased by 79% m-o-m. Over the period under review, average import prices attained the peak figure at $6,871 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the UK ($12,185 per ton), while the price for China ($1,880 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the UK (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Chewing Gum Exports in Bulgaria
In 2022, the amount of chewing gum exported from Bulgaria shrank significantly to 154 tons, declining by -28.5% on the previous year. Overall, exports faced a sharp setback. The growth pace was the most rapid in 2021 with an increase of 10% against the previous year.
In value terms, chewing gum exports shrank dramatically to $1.8M in 2022. Over the period under review, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year.
Export of Chewing Gum in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Greece | 482 | 226 | 708 | 712 | 13.9% |
Israel | 698 | 51.0 | 194 | 179 | -36.5% |
Romania | 145 | 564 | 187 | 134 | -2.6% |
United Kingdom | 1.0 | 4.2 | 99.9 | 97.3 | 359.9% |
North Macedonia | 35.7 | 42.1 | 264 | 91.9 | 37.1% |
Bosnia and Herzegovina | 44.6 | 29.3 | 79.5 | 68.4 | 15.3% |
Kyrgyzstan | N/A | N/A | N/A | 65.0 | 0% |
Russia | 53.9 | 3.3 | 1.1 | 63.3 | 5.5% |
Jordan | 30.3 | N/A | 11.0 | 59.8 | 25.4% |
Lebanon | 3.9 | 3.3 | 49.8 | 49.4 | 133.1% |
Poland | 582 | 340 | 197 | 33.1 | -61.5% |
Germany | 74.5 | 42.4 | 50.4 | 28.0 | -27.8% |
Serbia | 7.8 | 73.3 | 70.4 | 27.7 | 52.6% |
Others | 364 | 277 | 233 | 164 | -23.3% |
Total | 2,522 | 1,657 | 2,145 | 1,774 | -11.1% |
Top Export Markets for Chewing Gum from Bulgaria in 2022:
- Greece (69.6 tons)
- Romania (18.7 tons)
- Israel (10.3 tons)
- Germany (7.7 tons)
- North Macedonia (6.0 tons)
- United Kingdom (5.7 tons)
- Bosnia and Herzegovina (5.1 tons)
- Jordan (3.6 tons)
- Lebanon (3.4 tons)
- Kyrgyzstan (3.2 tons)
- Serbia (3.1 tons)
- Russia (3.0 tons)
- Poland (2.0 tons)
Chewing Gum Imports in Bulgaria
In 2022, after three years of growth, there was significant decline in supplies from abroad of chewing gum, when their volume decreased by -16.2% to 451 tons. The total import volume increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 28%.
In value terms, chewing gum imports rose slightly to $2M in 2022. The total import value increased at an average annual rate of +13.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 26% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
Import of Chewing Gum in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 555 | 574 | 675 | 1,036 | 23.1% |
Greece | 155 | 344 | 300 | 237 | 15.2% |
United Kingdom | 159 | 141 | 226 | 196 | 7.2% |
Cyprus | N/A | N/A | N/A | 189 | 0% |
China | 17.7 | 19.7 | 3.0 | 109 | 83.3% |
Brazil | 44.7 | 6.9 | 24.4 | 56.2 | 7.9% |
Netherlands | 147 | 265 | 208 | 49.7 | -30.3% |
Pakistan | N/A | N/A | 12.5 | 21.8 | 74.4% |
Others | 310 | 402 | 484 | 130 | -25.1% |
Total | 1,388 | 1,753 | 1,934 | 2,025 | 13.4% |
Top Suppliers of Chewing Gum to Bulgaria in 2022:
- Turkey (237.2 tons)
- China (84.2 tons)
- Brazil (34.8 tons)
- Cyprus (23.1 tons)
- United Kingdom (15.9 tons)
- Pakistan (14.6 tons)
- Greece (12.9 tons)
- Netherlands (6.9 tons)
This report provides an in-depth analysis of the chewing gum market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10822310 - Chewing gum
Country coverage:
- Bulgaria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bulgaria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Global chewing gum market analysis from 2013 to 2023, including consumption, production, imports, and exports. The market is expected to show growth in both volume and value terms over the next seven years.
Discover the top import markets for candy and confectionery around the world, including the United States, United Kingdom, Germany, Canada, France, Netherlands, China, Belgium, Poland, and Sweden. With billions of dollars in imports, these countries showcase the universal love for indulgent treats. Stay informed about the latest trends and statistics in the dynamic confectionery industry with market intelligence platforms like IndexBox.
In value terms, sugars and chemically pure imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern r...
In value terms, sugars and chemically pure exports amounted to $X in 2016. In general, sugars and chemically pure exports continue to indicate a relatively flat trend pattern. Global sugars and che...
In 2016, approx. X tons of confectionery were imported worldwide- reducing by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the p...
In 2016, approx. X tons of confectionery were imported worldwide- reducing by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the p...
Global chewing gum market analysis from 2013 to 2023, including consumption, production, imports, and exports. The market is expected to show growth in both volume and value terms over the next seven years.
Discover the top import markets for candy and confectionery around the world, including the United States, United Kingdom, Germany, Canada, France, Netherlands, China, Belgium, Poland, and Sweden. With billions of dollars in imports, these countries showcase the universal love for indulgent treats. Stay informed about the latest trends and statistics in the dynamic confectionery industry with market intelligence platforms like IndexBox.
In value terms, sugars and chemically pure imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern r...
In value terms, sugars and chemically pure exports amounted to $X in 2016. In general, sugars and chemically pure exports continue to indicate a relatively flat trend pattern. Global sugars and che...