Bulgaria - Rennet And Concentrates Thereof - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRennet Price in Bulgaria - 2023
Contents:
- Rennet Price in Bulgaria (CIF) - 2022
- Rennet Price in Bulgaria (FOB) - 2022
- Rennet Imports in Bulgaria
- Rennet Exports in Bulgaria
Rennet Price in Bulgaria (CIF) - 2022
In 2022, the average rennet import price amounted to $17,154 per ton, surging by 7.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2016 an increase of 17%. The import price peaked at $17,698 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($27,869 per ton), while the price for Greece ($12,837 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Rennet Price in Bulgaria (FOB) - 2022
The average rennet export price stood at $54,951 per ton in 2022, dropping by -18.1% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rennet export price increased by +11.7% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 45% against the previous year. As a result, the export price attained the peak level of $67,057 per ton, and then reduced rapidly in the following year.
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 Russia ($205,252 per ton), while the average price for exports to North Macedonia ($31,982 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 Serbia (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.
Rennet Imports in Bulgaria
Rennet imports into Bulgaria expanded significantly to 11 tons in 2022, surging by 8.9% on the previous year. The total import volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 21%. As a result, imports attained the peak of 12 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, rennet imports soared to $184K in 2022. The total import value increased at an average annual rate of +3.5% 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 2020 when imports increased by 27%. As a result, imports reached the peak of $211K. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Rennet in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Denmark | 58.7 | 126 | 98.8 | 85.0 | 13.1% |
Poland | 87.5 | 41.4 | 23.5 | 53.8 | -15.0% |
Turkey | 18.5 | 40.1 | 28.3 | 43.1 | 32.6% |
Greece | N/A | N/A | N/A | 2.3 | 0% |
Others | 1.8 | 3.7 | 6.6 | 0.2 | -51.9% |
Total | 166 | 211 | 157 | 184 | 3.5% |
Top Suppliers of Rennet to Bulgaria in 2022:
- Denmark (6.3 tons)
- Turkey (2.3 tons)
- Poland (1.9 tons)
- Greece (0.2 tons)
Rennet Exports in Bulgaria
In 2022, the amount of rennet and concentrates thereof exported from Bulgaria soared to 1.2 tons, surging by 32% against 2021 figures. In general, exports, however, showed a pronounced decrease.
In value terms, rennet exports expanded notably to $69K in 2022. The total export value increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 23% against the previous year. As a result, the exports attained the peak of $74K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Rennet in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Serbia | 21.6 | 27.1 | 22.9 | 26.0 | 6.4% |
North Macedonia | 37.0 | 39.1 | 31.9 | 23.1 | -14.5% |
Russia | N/A | 5.7 | 5.0 | 17.4 | 74.7% |
Others | 1.6 | 2.0 | 3.4 | 1.9 | 5.9% |
Total | 60.2 | 73.9 | 63.2 | 68.6 | 4.5% |
Top Export Markets for Rennet from Bulgaria in 2022:
- North Macedonia (724.0 kg)
- Serbia (390.0 kg)
- Russia (85.0 kg)
This report provides an in-depth analysis of the rennet 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 20146450 - Rennet and concentrates thereof
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 rennet market in Bulgaria.
This report provides an in-depth analysis of the global rennet market.
This report provides an in-depth analysis of the rennet market in Bulgaria.
This report provides an in-depth analysis of the global rennet market.
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