Key Market Indicators
**Bulgarian Spirits Production Expected to Hit €313 Million by 2028** Sofia – The Bulgarian spirits production industry is projected to reach €313 million by 2028, up from €258 million in 2023, reflecting an average annual growth rate of 3.1%. Since 2013, the Bulgarian supply has seen a steady increase, growing 3.6% year on year. As of 2023, Bulgaria ranked eighth in the global spirits production market. Finland led the pack with production figures matching Bulgaria's €258 million. France, Italy, and Poland occupied the second, third, and fourth positions, respectively. **Steady Growth in Bulgarian Spirits Sales** The sales of Bulgarian spirits are also on an upward trajectory, anticipated to rise to €296 million by 2028 from €254 million in 2023. This represents an average annual growth rate of 2.4%. Since 2013, the Bulgarian market has expanded at a rate of 2.8% year on year. In 2023, Bulgaria held the eighth position in spirits sales, with Finland again surpassing it at €254 million. France, Poland, and Italy rounded out the top four in this category. **Spirits Consumption on the Rise** The consumption of spirits in Bulgaria is set to reach approximately €318 million by 2028, increasing from €290 million in 2023. This indicates an average annual growth rate of 1.5%. Over the past decade, demand has surged by 2.9% year on year. Italy, Spain, and Germany ranked second, third, and fourth in spirits consumption, respectively, highlighting a robust market for spirits across Europe.
