Bulgaria - Lard And Other Pig Fat (Rendered) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRendered Pig Fat Price in Bulgaria - 2023
Contents:
- Rendered Pig Fat Price in Bulgaria (FOB) - 2023
- Rendered Pig Fat Price in Bulgaria (CIF) - 2022
- Rendered Pig Fat Exports in Bulgaria
- Rendered Pig Fat Imports in Bulgaria
Rendered Pig Fat Price in Bulgaria (FOB) - 2023
In July 2023, the average rendered pig fat export price amounted to $716 per ton, waning by -5.4% against the previous month. Over the period under review, the export price showed a perceptible setback. The growth pace was the most rapid in December 2022 an increase of 4.8% month-to-month. Over the period under review, the average export prices reached the peak figure at $1,118 per ton in January 2023; however, from February 2023 to July 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Greece.
From July 2022 to July 2023, the rate of growth in terms of prices for Greece amounted to -2.5% per month.
Rendered Pig Fat Price in Bulgaria (CIF) - 2022
The average rendered pig fat import price stood at $1,825 per ton in 2022, jumping by 33% against the previous year. Over the period under review, the import price continues to indicate strong growth. The most prominent rate of growth was recorded in 2020 an increase of 116% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($2,127 per ton), while the price for Croatia stood at $1,758 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Rendered Pig Fat Exports in Bulgaria
In 2022, approx. 1.5K tons of lard and other pig fat (rendered) were exported from Bulgaria; increasing by 118% against 2021 figures. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 393%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, rendered pig fat exports soared to $1.6M in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 674%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Rendered Pig Fat in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 120 | 73.7 | 510 | 1,551 | 134.7% |
| Others | N/A | N/A | 61.1 | 4.9 | -92.0% |
| Total | 120 | 73.7 | 571 | 1,556 | 134.9% |
Top Export Markets for Rendered Pig Fat from Bulgaria in 2022:
- Greece (1518.5 tons)
Rendered Pig Fat Imports in Bulgaria
In 2022, supplies from abroad of lard and other pig fat (rendered) was finally on the rise to reach 43 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a sharp descent.
In value terms, rendered pig fat imports soared to $78K in 2022. The total import value increased at an average annual rate of +7.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Rendered Pig Fat in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | 8.8 | 48.6 | 53.5 | 62.1 | 91.8% |
| Poland | N/A | N/A | N/A | 15.3 | 0% |
| Serbia | N/A | 15.2 | N/A | N/A | 0% |
| Greece | 53.9 | 3.2 | N/A | N/A | -94.1% |
| Others | N/A | 0.9 | 0.8 | 0.4 | -33.3% |
| Total | 62.7 | 67.9 | 54.3 | 77.8 | 7.5% |
Top Suppliers of Rendered Pig Fat to Bulgaria in 2022:
- Croatia (35.3 tons)
- Poland (7.2 tons)
This report provides an in-depth analysis of the rendered pig fat 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 10115060 - Lard and other pig fat, rendered
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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