Bulgaria - Soups And Broths - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoups Price in Bulgaria - 2023
Contents:
- Soups Price in Bulgaria (CIF) - 2022
- Soups Price in Bulgaria (FOB) - 2022
- Soups Imports in Bulgaria
- Soups Exports in Bulgaria
Soups Price in Bulgaria (CIF) - 2022
The average soups import price stood at $3,532 per ton in 2022, growing by 3.3% 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 an increase of 12%. Over the period under review, average import prices attained the peak figure at $3,727 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Serbia ($5,200 per ton), while the price for the Czech Republic ($2,732 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Soups Price in Bulgaria (FOB) - 2022
In 2022, the average soups export price amounted to $5,878 per ton, which is down by -6.3% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 14%. Over the period under review, the average export prices hit record highs at $7,059 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($11,566 per ton), while the average price for exports to Ukraine ($1,313 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 Spain (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Soups Imports in Bulgaria
Soups imports into Bulgaria rose sharply to 1K tons in 2022, surging by 7.5% against the previous year. The total import volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, soups imports expanded remarkably to $3.5M in 2022. The total import value increased at an average annual rate of +6.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 11% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
Import of Soups in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Slovakia | 2,080 | 2,407 | 1,965 | 2,162 | 1.3% |
Serbia | 81.0 | 164 | 285 | 299 | 54.5% |
Romania | 242 | 146 | 201 | 269 | 3.6% |
Germany | 60.7 | 60.5 | 119 | 249 | 60.1% |
Poland | 126 | 114 | 110 | 95.7 | -8.8% |
Turkey | 8.8 | 22.7 | 48.6 | 78.6 | 107.5% |
Austria | 155 | 199 | 176 | 63.7 | -25.7% |
Czech Republic | 13.8 | 17.7 | 41.4 | 63.6 | 66.4% |
Others | 176 | 136 | 247 | 264 | 14.5% |
Total | 2,943 | 3,268 | 3,192 | 3,544 | 6.4% |
Top Suppliers of Soups to Bulgaria in 2022:
- Slovakia (657.9 tons)
- Romania (67.3 tons)
- Germany (66.4 tons)
- Serbia (57.5 tons)
- Turkey (24.4 tons)
- Poland (24.1 tons)
- Czech Republic (23.3 tons)
- Austria (14.3 tons)
Soups Exports in Bulgaria
In 2022, shipments abroad of soups and broths decreased by -14.7% to 61 tons, falling for the second consecutive year after two years of growth. In general, exports showed a mild decline. The most prominent rate of growth was recorded in 2020 when exports increased by 22%. As a result, the exports attained the peak of 77 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, soups exports shrank sharply to $359K in 2022. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 19% against the previous year.
Export of Soups in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 72.6 | 122 | 83.6 | 107 | 13.8% |
Cyprus | 43.0 | 86.0 | 87.1 | 74.0 | 19.8% |
Greece | 39.3 | 120 | 185 | 53.7 | 11.0% |
Germany | 38.9 | 56.8 | 43.3 | 46.9 | 6.4% |
Belgium | 98.5 | 25.5 | 36.1 | 31.8 | -31.4% |
Netherlands | 6.3 | 11.1 | 6.2 | 12.3 | 25.0% |
Spain | N/A | N/A | 0.5 | 6.8 | 1260.0% |
Ukraine | 51.1 | N/A | N/A | N/A | 0% |
Others | 15.9 | 13.5 | 7.7 | 26.9 | 19.2% |
Total | 366 | 435 | 450 | 359 | -0.6% |
Top Export Markets for Soups from Bulgaria in 2022:
- Ukraine (undefined tons)
- United Kingdom (25.8 tons)
- Cyprus (11.0 tons)
- Greece (10.4 tons)
- Germany (5.5 tons)
- Belgium (2.7 tons)
- Netherlands (1.5 tons)
- Spain (1.1 tons)
This report provides an in-depth analysis of the soups 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 10891100 - Soups and broths and preparations therefor
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
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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 demand for soups and broths is expected to continue rising over the next seven years. The market is forecasted to experience growth in both volume and value terms, reaching 9.7M tons and $34.9B respectively by 2030.
Soups are one of the most popular food products worldwide, providing a convenient and nutritious option for consumers. This article explores the top import markets for soups, including the United States, Canada, Mexico, Germany, and the Netherlands. These countries offer lucrative opportunities for soup manufacturers and exporters due to factors such as busy lifestyles, diverse consumer preferences, and growing health consciousness. Utilizing market intelligence platforms like IndexBox can further enhance success in these markets.
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