Bulgaria - Wine And Grape Must - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWine Price in Bulgaria - 2023
Contents:
- Wine Price in Bulgaria (FOB) - 2022
- Wine Price in Bulgaria (CIF) - 2022
- Wine Exports in Bulgaria
- Wine Imports in Bulgaria
Wine Price in Bulgaria (FOB) - 2022
In 2022, the average wine export price amounted to $1.7 per litre, growing by 2.9% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wine export price increased by +65.2% against 2015 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 11%. The export price peaked in 2022 and is expected to retain growth in the near future.
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 Romania ($5.3 per litre), while the average price for exports to Poland ($1.2 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.
Wine Price in Bulgaria (CIF) - 2022
In 2022, the average wine import price amounted to $2.7 per litre, picking up by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2014 an increase of 27%. As a result, import price reached the peak level of $3.5 per litre. From 2015 to 2022, the average import prices failed to regain momentum.
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 New Zealand ($5.7 per litre), while the price for North Macedonia ($0.6 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Wine Exports in Bulgaria
For the third consecutive year, Bulgaria recorded decline in shipments abroad of wine and grape must, which decreased by -20.9% to 17M litres in 2022. Overall, exports continue to indicate a deep contraction. The smallest decline of -6.9% was in 2021. The exports peaked at 25M litres in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, wine exports contracted significantly to $29M in 2022. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 2.5% against the previous year. Over the period under review, the exports attained the maximum at $39M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Wine in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 11.6 | 9.0 | 9.8 | 7.9 | -12.0% |
| Sweden | 6.5 | 7.0 | 6.2 | 5.5 | -5.4% |
| Czech Republic | 2.3 | 2.7 | 2.5 | 2.1 | -3.0% |
| United States | 1.4 | 1.3 | 1.6 | 1.9 | 10.7% |
| United Kingdom | 2.4 | 2.0 | 2.2 | 1.8 | -9.1% |
| Russia | 2.2 | 1.9 | 1.4 | 1.5 | -12.0% |
| Belgium | 1.4 | 1.7 | 1.7 | 1.2 | -5.0% |
| Japan | 1.8 | 1.5 | 1.5 | 1.2 | -12.6% |
| Netherlands | 0.2 | 0.4 | 0.5 | 0.8 | 58.7% |
| Nigeria | 0.7 | 0.8 | 0.4 | 0.3 | -24.6% |
| Others | 8.7 | 6.8 | 8.1 | 5.3 | -15.2% |
| Total | 39.1 | 35.1 | 36.0 | 29.4 | -9.1% |
Top Export Markets for Wine from Bulgaria in 2022:
- Poland (6.6M litres)
- Sweden (3.4M litres)
- Czech Republic (1.4M litres)
- United Kingdom (0.9M litres)
- Russia (0.9M litres)
- United States (0.6M litres)
- Belgium (0.6M litres)
- Japan (0.5M litres)
- Netherlands (0.3M litres)
- Nigeria (0.1M litres)
Wine Imports in Bulgaria
After three years of growth, supplies from abroad of wine and grape must decreased by -9.9% to 13M litres in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. As a result, imports attained the peak of 14M litres, and then reduced in the following year.
In value terms, wine imports amounted to $36M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 53% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Wine in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 7.0 | 6.8 | 11.4 | 11.0 | 16.3% |
| Italy | 5.7 | 6.3 | 9.7 | 10.5 | 22.6% |
| Germany | 2.1 | 2.4 | 3.3 | 3.3 | 16.3% |
| New Zealand | 2.7 | 2.0 | 2.9 | 2.9 | 2.4% |
| Spain | 2.0 | 2.0 | 3.3 | 2.7 | 10.5% |
| North Macedonia | 0.6 | 0.7 | 1.2 | 0.9 | 14.5% |
| South Africa | 0.1 | 0.1 | 0.4 | 0.8 | 100.0% |
| Romania | 0.3 | 0.1 | 0.1 | 0.2 | -12.6% |
| Others | 2.8 | 2.9 | 3.3 | 3.3 | 5.6% |
| Total | 23.3 | 23.3 | 35.6 | 35.6 | 15.2% |
Top Suppliers of Wine to Bulgaria in 2022:
- Italy (3.2M litres)
- Spain (2.2M litres)
- France (1.9M litres)
- North Macedonia (1.6M litres)
- Germany (1.3M litres)
- South Africa (0.6M litres)
- New Zealand (0.5M litres)
- Romania (0.2M litres)
This report provides an in-depth analysis of the wine 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 564 - Wine
- FCL 563 - Must of Grape
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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