Bulgaria - Whey - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWhey Price in Bulgaria - 2023
Contents:
- Whey Price in Bulgaria (CIF) - 2022
- Whey Price in Bulgaria (FOB) - 2022
- Whey Imports in Bulgaria
- Whey Exports in Bulgaria
Whey Price in Bulgaria (CIF) - 2022
The average whey import price stood at $1,400 per ton in 2022, with an increase of 4.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 24% against the previous year. Over the period under review, average import prices hit record highs at $1,431 per ton in 2013; afterwards, it flattened through to 2022.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece ($2,587 per ton), while the price for Lithuania ($859 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Whey Price in Bulgaria (FOB) - 2022
In 2022, the average whey export price amounted to $797 per ton, waning by -1.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 64% against the previous year. As a result, the export price reached the peak level of $1,161 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($1,212 per ton), while the average price for exports to Greece ($744 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 North Macedonia (+0.8%), while the prices for the other major destinations experienced a decline.
Whey Imports in Bulgaria
In 2022, the amount of whey imported into Bulgaria contracted to 9.3K tons, with a decrease of -6.2% compared with 2021. Overall, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 15%.
In value terms, whey imports fell modestly to $13M in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. As a result, imports attained the peak of $13M, and then declined in the following year.
Import of Whey in Bulgaria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 1.9 | 1.3 | 1.7 | 2.1 | 3.4% |
Slovakia | 1.9 | 2.0 | 2.2 | 2.1 | 3.4% |
Poland | 2.5 | 2.1 | 2.6 | 1.9 | -8.7% |
Austria | N/A | 0.7 | 1.1 | 1.6 | 51.2% |
Germany | 1.1 | 1.0 | 1.8 | 1.6 | 13.3% |
Greece | 1.2 | 0.4 | 1.2 | 1.0 | -5.9% |
Czech Republic | 0.5 | 0.3 | 0.8 | 0.8 | 17.0% |
Lithuania | N/A | 0.1 | N/A | 0.4 | 100.0% |
France | 0.9 | 0.8 | 0.6 | 0.4 | -23.7% |
Others | 1.4 | 1.1 | 1.2 | 1.2 | -5.0% |
Total | 11.4 | 9.8 | 13.3 | 13.0 | 4.5% |
Top Suppliers of Whey to Bulgaria in 2022:
- Slovakia (1646.4 tons)
- Poland (1545.8 tons)
- Netherlands (1520.9 tons)
- Germany (1216.1 tons)
- Austria (1031.4 tons)
- Czech Republic (605.3 tons)
- Lithuania (427.9 tons)
- Greece (384.8 tons)
- France (244.9 tons)
Whey Exports in Bulgaria
In 2022, whey exports from Bulgaria expanded markedly to 498 tons, picking up by 12% against 2021. The total export volume increased at an average annual rate of +14.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 45% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, whey exports expanded remarkably to $397K in 2022. The total export value increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Whey in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Greece | 314 | 234 | 265 | 303 | -1.2% |
Poland | N/A | N/A | 9.9 | 57.7 | 482.8% |
Romania | 11.3 | 78.3 | 46.1 | 30.1 | 38.6% |
Others | 44.3 | 26.8 | 40.9 | 6.9 | -46.2% |
Total | 370 | 339 | 362 | 397 | 2.4% |
Top Export Markets for Whey from Bulgaria in 2022:
- Greece (406.8 tons)
- Poland (47.6 tons)
- Romania (39.8 tons)
This report provides an in-depth analysis of the whey 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:
- FCL 890 - Whey, Condensed
- FCL 900 - Dry Whey
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 whey market in Bulgaria.
This report provides an in-depth analysis of the global whey market.
This report provides an in-depth analysis of the whey market in Bulgaria.
This report provides an in-depth analysis of the global whey market.
Explore the top import markets for whey in 2023, including China, Netherlands, Indonesia, and more. Learn about the growing global demand for whey and its applications in various industries.
Explore the top import markets for whey in 2023, including China, Netherlands, Indonesia, and more. Learn about the growing global demand for whey and its applications in various industries.