Salted, brined, dried or smoked pork bellies and cuts market in Bulgaria

Earlier Report Observations

The market for salted, brined, dried or smoked pork bellies and cuts in Bulgaria experienced notable fluctuations in physical volume from 2018 to 2024. Production and market size grew in 2019 and reached a high point in 2022, but subsequently contracted in 2023 and 2024, ending the period below the 2018 level.

In monetary terms, the market value demonstrated a strong upward trend, increasing from 16.9 million US dollars in 2018 to 23.5 million US dollars in 2023, before moderating to 21.0 million US dollars in 2024. This significant growth in value, even during years of falling volume, indicates a sustained rise in unit prices. Industry data for 2024 pointed to an increase in domestic pork production and a rise in pork imports, factors which influenced the overall supply and competitive landscape for processed pork products.

Production salted, brined, dried or smoked pork bellies and cuts in Bulgaria

In value, 2017-2020, K $ US

Bulgaria's production of salted, brined, dried, or smoked pork bellies and cuts has increased for the third consecutive year. In 2020, output was valued at 20 191 thousand US dollars, marking a significant gain of 17.9% compared to 2019. Over the period from 2017 to 2020, production rose by 26.3%, with a compound annual growth rate of 8.1%.

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

In kind, 2017-2020, t

Bulgaria's production volume of salted, brined, dried, or smoked pork bellies and cuts has grown for the second year in a row. In 2020, the country produced 4 180 tonnes, which is 1.0% more than in 2019. The lowest production level was recorded in 2018 at 3 874 tonnes, representing a decline of 6.8% from the previous year. This was followed by a recovery in 2019, with the largest increase of 6.8%.

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

Exports salted, brined, dried or smoked pork bellies and cuts from Bulgaria

Exports in kind, t

After a two-year decline, Bulgaria's exports of salted, brined, dried, or smoked pork bellies and cuts have increased. In 2020, exports amounted to 12.7 tonnes, showing a moderate improvement of 8.0% compared to 2019. Over the period from 2017 to 2020, exports decreased by 72.6%, with a compound annual growth rate of -35.0%. The lowest export volume was recorded in 2019 at 11.7 tonnes, following the largest decline of 61.0% in 2018.

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

From 2017 to 2020, the United Kingdom and Germany dominated Bulgaria's exports of salted, brined, dried, or smoked pork bellies and cuts in volume terms, together accounting for 86.3% of total flows. Other destinations contributed smaller individual shares.

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

Bulgaria's exports of salted, brined, dried, or smoked pork bellies and cuts in value terms have declined for the third consecutive year. In 2020, exports were valued at 59.4 thousand US dollars, which is 38.7% less than in 2019. Over the period from 2017 to 2020, exports decreased by 70.7%, with a compound annual growth rate of -33.5%.

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

From 2017 to 2020, the United Kingdom and Germany were the dominant destinations for Bulgaria's exports of salted, brined, dried, or smoked pork bellies and cuts in value terms, jointly accounting for 87.0% of total flows. The remaining volume was distributed among smaller markets.

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

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

Imports salted, brined, dried or smoked pork bellies and cuts to Bulgaria

Imports in kind, t

After a two-year increase, Bulgaria's imports of salted, brined, dried, or smoked pork bellies and cuts in volume terms have declined. In 2020, import volume reached 146.6 tonnes, corresponding to a solid drop of 19.5% compared to 2019. Over the period from 2017 to 2020, imports rose by 34.5%, with a compound annual growth rate of 10.4%. The highest import volume was recorded in 2019 at 182.1 tonnes, which also saw the largest increase of 64.5%.

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

From 2017 to 2020, Croatia, Germany, and Spain were the principal suppliers of salted, brined, dried, or smoked pork bellies and cuts to Bulgaria in volume terms. Croatia accounted for 35.2% of imports, Germany for 25.7%, and Spain for 20.7%, together comprising 81.6% 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

Bulgaria's imports of salted, brined, dried, or smoked pork bellies and cuts in value terms have increased for the third consecutive year. In 2020, import volume was recorded at 811.3 thousand US dollars, indicating a rise of 7.7% compared to 2019. Over the period from 2017 to 2020, imports grew by 60.2%, with a compound annual growth rate of 17.0%.

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

From 2017 to 2020, Croatia, Germany, and Italy were the main suppliers of salted, brined, dried, or smoked pork bellies and cuts to Bulgaria in value terms. Croatia accounted for 45.7% of imports, Germany for 33.3%, and Italy for 10.4%, together comprising 89.5% of total imports in value terms.

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

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