The Wheat Groats and Meal market in Bulgaria, expressed in Million Euros, has experienced a downward trend from 2013 to 2023, standing at 1.686 in 2023. The market faced fluctuations with notable declines in 2016 and 2020 of -14.83% and -7.89% respectively, while 2017 showed a brief resurgence with a 7.29% increase. The last five-year CAGR reveals an average annual decrease of 3.99%, highlighting a consistent contraction in market size over this period.
Future trends to watch:
- Potential market stabilization or recovery post-2023; vital to monitor external economic factors and domestic policy changes.
- Innovations in product development or diversified application of wheat groats and meal could stimulate demand.
- Impact of global market dynamics and trade agreements on Bulgaria's wheat groats and meal market.
How does Bulgaria rank in Wheat Groats and Meal Market Size Value?
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 185,090,000 | 2023 | -1.02% | +3.36% | View data |
| 2 | 2 Spain | 126,640,000 | 2023 | +0.23% | +1.07% | View data |
| 3 | 3 France | 103,280,000 | 2023 | -2.05% | -1.48% | View data |
| 4 | 4 Austria | 25,934,000 | 2023 | +1.35% | +2.21% | View data |
| 5 | 5 Greece | 12,304,000 | 2023 | -1.22% | -2.21% | View data |
| 6 | 6 Croatia | 11,690,000 | 2023 | +0.33% | -0.15% | View data |
| 7 | 7 Bulgaria | 1,686,000 | 2023 | -3.73% | -3.99% | |
| 8 | 8 Lithuania | 1,404,700 | 2023 | +2.89% | +2.91% | View data |
