Rodenticides market in Bulgaria

Earlier Report Observations

The rodenticides market in Bulgaria experienced considerable volatility in value between 2018 and 2024. After starting at $7.6 million, the market contracted to $6.2 million in 2019 before recovering to $7.1 million in 2020. A sharp decline followed in 2021, bringing the market size down to $5.0 million, which was then followed by a strong rebound to $7.5 million in 2022. The market value dipped slightly to $7.0 million in 2023.

In 2023, the broader pharmaceutical and biocides sector in Bulgaria saw significant growth, supported by new and established products and close coordination with regulators, which provided a positive context for the rodenticides segment. The following year, the market surged by 40% to reach $9.7 million. This growth was facilitated by regulatory stability, with no product deregistrations, and the introduction of Ordinance 26, which simplified direct food supply chains for farmers and increased the supply of Bulgarian produce, likely boosting demand for agricultural rodenticides.

Production rodenticides in Bulgaria

In value, 2017-2020, K $ US

Bulgaria's rodenticides production has increased for the third consecutive year. In 2020, the output was valued at 1 738 thousand US dollars, marking a 27.6% rise compared to the previous year. From 2017 to 2020, production grew by 99.1%, which translates to an annualized rate of 25.8%.

Annual dynamics of production in Bulgaria in value, 2017-2020, K $ US

In kind, 2017-2020, t

Rodenticides production in Bulgaria has risen for the third year in a row. In 2020, the country produced 662.4 tonnes of rodenticides, reflecting a 41.1% increase over the past year. Between 2017 and 2020, production surged by 115.2%, equating to an annualized growth rate of 29.1%.

Annual dynamics of production in Bulgaria in kind, 2017-2020, t

Exports rodenticides from Bulgaria

Exports in kind, t

Rodenticides exports from Bulgaria have increased for the third consecutive year. In 2020, Bulgaria exported 496 tonnes of rodenticides, representing a sharp 49.2% rise from the previous year. Over the period from 2017 to 2020, exports grew by 430.5%, with a compound annual growth rate (CAGR) of 74.4%.

Annual dynamics of product's exports from Bulgaria in kind, 2017-2020, t

From 2017 to 2020, France and Romania clearly dominated the partner structure for exports in kind, while other countries collectively accounted for the remaining share.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Bulgaria in kind, 2017-2020

Exports in value, K $ US

After two years of growth, Bulgaria's rodenticides exports declined. In 2020, the export value reached 906 thousand US dollars, which is 13.1% lower than the previous year. Between 2017 and 2020, exports increased by 116.6%, equating to an annualized rate of 29.4%. The peak value was recorded in 2019 at 1 043 thousand US dollars, and the largest increase occurred in 2018 with a 58.6% rise.

Annual dynamics of product's exports from Bulgaria in value, 2017-2020, K $ US

Throughout 2017 to 2020, France (38.0% of exports in value terms), Romania (36.3%), and Germany (6.9%) remained the main markets for Bulgaria's rodenticides exports in value terms, collectively accounting for 81.3% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Bulgaria in value, 2017-2020

Imports rodenticides to Bulgaria

Imports in kind, t

There were noticeable fluctuations in market performance during this period. Imports reached their lowest point in 2017 and peaked in 2018, with a 1.8-fold difference between these years. In 2020, rodenticides imports into Bulgaria amounted to 1 610 tonnes, up by 16.7% compared to the previous year. The highest volume was recorded in 2018 at 1 880 tonnes, while the largest decline occurred in 2019 with a 26.6% drop, and the largest increase was in 2018 with a 77.5% rise.

Annual dynamics of product's imports to Bulgaria in kind, 2017-2020, t

From 2017 to 2020, Ireland (33.7% of imports in kind), Germany (10.9%), and Italy (8.7%) continued to lead as the top suppliers of rodenticides to Bulgaria, jointly accounting for 53.4% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Bulgaria in kind, 2017-2020

Imports in value, K $ US

In 2020, rodenticides imports into Bulgaria reached 6 305 thousand US dollars, showing a 7.4% increase from 2019. Over the period from 2017 to 2020, imports grew by 48.7%, with a compound annual growth rate (CAGR) of 14.1%. The maximum value was recorded in 2018 at 7 155 thousand US dollars, while the largest decline occurred in 2019 with an 18.0% drop, and the largest increase was in 2018 with a 68.7% rise.

Annual dynamics of product's imports to Bulgaria in value, 2017-2020, K $ US

From 2017 to 2020, no single market dominated rodenticides imports into Bulgaria. Ireland (20.7% of imports in value terms), Spain (14.3%), and Germany (13.4%) together accounted for only 48.5% of total imports in value terms, with many smaller partners each holding modest individual shares.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Bulgaria in value, 2017-2020