Bulgaria: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Bulgaria

In 2022, the Bulgarian lamb and sheep meat market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption continues to indicate a abrupt setback. Lamb and sheep meat consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Lamb and Sheep Meat in Bulgaria

In value terms, lamb and sheep meat production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Lamb and sheep meat production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average lamb and sheep meat yield in Bulgaria dropped to X kg per head, waning by X% on 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the yield increased by X%. Over the period under review, the average lamb and sheep meat yield hit record highs at X kg per head in 2021, and then shrank in the following year.

In 2022, number of animals slaughtered for lamb and sheep meat production in Bulgaria declined to X heads, with a decrease of X% compared with the year before. In general, the number of producing animals showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. The number of animals slaughtered for lamb and sheep meat production peaked at X heads in 2012; however, from 2013 to 2022, producing animals stood at a somewhat lower figure.

Exports of Lamb and Sheep Meat

Exports from Bulgaria

For the fifth consecutive year, Bulgaria recorded decline in overseas shipments of lamb and sheep meat, which decreased by X% to X tons in 2022. Overall, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, lamb and sheep meat exports reduced to $X in 2022. Over the period under review, exports recorded a deep reduction. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Croatia (X tons) was the main destination for lamb and sheep meat exports from Bulgaria, accounting for a X% share of total exports. Moreover, lamb and sheep meat exports to Croatia exceeded the volume sent to the second major destination, Italy (X tons), twofold. Romania (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Croatia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Romania (X% per year).

In value terms, Croatia ($X), Italy ($X) and Romania ($X) were the largest markets for lamb and sheep meat exported from Bulgaria worldwide, with a combined X% share of total exports. Germany and Greece lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average lamb and sheep meat export price stood at $X per ton in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and Germany ($X per ton), while the average price for exports to Greece ($X per ton) and Croatia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lamb and Sheep Meat

Imports into Bulgaria

Lamb and sheep meat imports into Bulgaria rose rapidly to X tons in 2022, increasing by X% against the year before. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, lamb and sheep meat imports skyrocketed to $X in 2022. In general, imports recorded a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Poland (X tons) and Greece (X tons) were the main suppliers of lamb and sheep meat imports to Bulgaria, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lamb and sheep meat suppliers to Bulgaria were North Macedonia ($X), Poland ($X) and Greece ($X), with a combined X% share of total imports.

Among the main suppliers, Poland, with a CAGR of X%, saw the highest rates of growth with regard to 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 lamb and sheep meat import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price showed a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was North Macedonia ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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