Bulgaria - Vinegar - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVinegar Price in Bulgaria - 2023
Contents:
- Vinegar Price in Bulgaria (CIF) - 2023
- Vinegar Price in Bulgaria (FOB) - 2022
- Vinegar Imports in Bulgaria
- Vinegar Exports in Bulgaria
Vinegar Price in Bulgaria (CIF) - 2023
The average vinegar import price stood at $2,252 per ton in July 2023, flattening at the previous month. In general, import price indicated measured growth from July 2022 to July 2023: its price increased at an average monthly rate of +3.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, vinegar import price decreased by -2.0% against May 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 63% m-o-m. As a result, import price attained the peak level of $2,484 per ton. From February 2023 to July 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the Netherlands ($3,292 per ton), while the price for North Macedonia ($410 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Turkey (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Vinegar Price in Bulgaria (FOB) - 2022
In 2022, the average vinegar export price amounted to $895 per ton, picking up by 31% against the previous year. Overall, the export price showed a prominent expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 258%. The export price peaked at $2,013 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($1,691 per ton), while the average price for exports to Lithuania ($356 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 Algeria (+66.8%), while the prices for the other major destinations experienced more modest paces of growth.
Vinegar Imports in Bulgaria
In 2022, overseas purchases of vinegar decreased by -13.2% to 641 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of 739 tons, and then reduced in the following year.
In value terms, vinegar imports fell slightly to $1.1M in 2022. The total import value increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 28%. As a result, imports attained the peak of $1.1M, and then reduced slightly in the following year.
Import of Vinegar in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 429 | 445 | 502 | 491 | 4.6% |
Germany | 158 | 163 | 156 | 190 | 6.3% |
Greece | 133 | 138 | 151 | 109 | -6.4% |
France | 0.3 | N/A | N/A | 59.0 | 481.5% |
Czech Republic | 45.4 | 22.9 | 40.9 | 51.6 | 4.4% |
Turkey | 13.5 | 28.2 | 74.0 | 41.0 | 44.8% |
Slovenia | N/A | 14.9 | 38.6 | 34.5 | 52.2% |
United Kingdom | 83.1 | 28.2 | 86.7 | 25.7 | -32.4% |
Austria | 11.0 | 14.2 | 12.0 | 8.5 | -8.2% |
Others | 27.3 | 29.5 | 68.0 | 105 | 56.7% |
Total | 901 | 884 | 1,129 | 1,115 | 7.4% |
Top Suppliers of Vinegar to Bulgaria in 2022:
- Italy (189.9 tons)
- Germany (101.4 tons)
- Greece (79.2 tons)
- Slovenia (66.9 tons)
- Turkey (54.7 tons)
- Czech Republic (35.2 tons)
- France (32.4 tons)
- United Kingdom (15.0 tons)
- Austria (8.0 tons)
Vinegar Exports in Bulgaria
In 2022, after three years of growth, there was significant decline in shipments abroad of vinegar, when their volume decreased by -26.2% to 303 tons. Over the period under review, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 11%.
In value terms, vinegar exports declined to $271K in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 9.2% against the previous year. As a result, the exports attained the peak of $281K, and then fell in the following year.
Export of Vinegar in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 161 | 138 | 114 | 87.9 | -18.3% |
United Kingdom | 25.9 | 29.0 | 25.2 | 60.2 | 32.5% |
Algeria | N/A | N/A | 11.7 | 20.2 | 72.6% |
Poland | 4.3 | 7.0 | 25.4 | 16.6 | 56.9% |
Germany | 2.0 | 8.0 | 5.5 | 13.4 | 88.5% |
Belgium | 0.6 | 3.0 | 1.0 | 11.8 | 169.9% |
Greece | 8.0 | 11.7 | 10.0 | 10.9 | 10.9% |
Netherlands | N/A | 0.4 | 0.3 | 5.1 | 257.1% |
Lithuania | 0.7 | N/A | N/A | 2.8 | 58.7% |
Latvia | 14.8 | 12.0 | 18.6 | 1.5 | -53.4% |
Sweden | 13.7 | 10.0 | 18.5 | N/A | 16.2% |
Others | 39.2 | 38.5 | 51.0 | 41.0 | 1.5% |
Total | 270 | 258 | 281 | 271 | 0.1% |
Top Export Markets for Vinegar from Bulgaria in 2022:
- Romania (119.5 tons)
- United Kingdom (73.4 tons)
- Poland (28.7 tons)
- Germany (15.2 tons)
- Algeria (12.6 tons)
- Belgium (11.9 tons)
- Lithuania (7.8 tons)
- Greece (6.4 tons)
- Netherlands (5.7 tons)
- Latvia (4.4 tons)
This report provides an in-depth analysis of the vinegar 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 10841130 - Vinegar and substitutes for vinegar made from wine
- Prodcom 10841190 - Vinegar and substitutes for vinegar (excluding made from wine)
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
This report provides an in-depth analysis of the vinegar market in Bulgaria.
This report provides an in-depth analysis of the global vinegar market.
This report provides an in-depth analysis of the vinegar market in Bulgaria.
This report provides an in-depth analysis of the global vinegar market.
Explore the top import markets for vinegar in 2022. Discover the growing demand, consumer preferences, and opportunities for international producers in the United States, Germany, France, Canada, and the United Kingdom.
In 2016, approx. X tons of vinegar were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a prominent increase from 2007 to 2016: the total imports volume ...
In 2016, approx. X tons of vinegar were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a prominent increase from 2007 to 2016: the total imports volume ...
Explore the top import markets for vinegar in 2022. Discover the growing demand, consumer preferences, and opportunities for international producers in the United States, Germany, France, Canada, and the United Kingdom.
In 2016, approx. X tons of vinegar were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a prominent increase from 2007 to 2016: the total imports volume ...
In 2016, approx. X tons of vinegar were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a prominent increase from 2007 to 2016: the total imports volume ...