Bulgaria: Prepared Mustard Market 2024

Prepared Mustard Market Size in Bulgaria

The Bulgarian prepared mustard market soared to $X in 2023, increasing by X% against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Prepared Mustard Production in Bulgaria

In value terms, prepared mustard production contracted dramatically to $X in 2023 estimated in export price. Overall, the total production indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then declined rapidly in the following year.

Prepared Mustard Exports

Exports from Bulgaria

In 2023, approx. X tons of prepared mustard were exported from Bulgaria; reducing by X% against the previous year's figure. In general, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of X tons, and then shrank rapidly in the following year.

In value terms, prepared mustard exports reduced rapidly to $X in 2023. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank significantly in the following year.

Exports by Country

Armenia (X tons), Greece (X tons) and Albania (X tons) were the main destinations of prepared mustard exports from Bulgaria, with a combined X% share of total exports. Romania, Georgia, Cote d'Ivoire, Cyprus, the UK, Bosnia and Herzegovina, France, the United States, Croatia and Kosovo lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Armenia ($X), Georgia ($X) and Romania ($X) constituted the largest markets for prepared mustard exported from Bulgaria worldwide, together comprising X% of total exports. Greece, Bosnia and Herzegovina, Cyprus, Croatia, France, the UK, Albania, the United States, Cote d'Ivoire and Kosovo lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average prepared mustard export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price saw a strong expansion. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Albania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Imports

Imports into Bulgaria

After two years of growth, overseas purchases of prepared mustard decreased by X% to X tons in 2023. In general, imports, however, posted buoyant growth. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked at X tons in 2022, and then contracted markedly in the following year.

In value terms, prepared mustard imports declined slightly to $X in 2023. Over the period under review, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then dropped slightly in the following year.

Imports by Country

The Netherlands (X tons), Romania (X tons) and France (X tons) were the main suppliers of prepared mustard imports to Bulgaria, with a combined X% share of total imports. Poland, Ukraine, the Czech Republic, Germany, Austria and Hungary lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared mustard suppliers to Bulgaria were the Netherlands ($X), France ($X) and Romania ($X), with a combined X% share of total imports. Germany, Poland, Ukraine, Austria, the Czech Republic and Hungary lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Ukraine, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prepared mustard import price stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, prepared mustard import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2022 when the average import price increased by X%. The import price peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform