In 2023, the vodka market in Bulgaria was valued at 49.926 million euros. Over the past decade, the market experienced fluctuations, with 2020 marking the lowest point at 39.626 million euros due to an 18.59% decline. However, recovery was observed in subsequent years, reaching a 1.45% increase by 2023. The market's average annual growth rate over the past five years was 3.18%. Notably, 2019 saw a significant increase, while the impact of the pandemic in 2020 led to a sharp decline.
Future trends to watch for:
- Increased consumer preference for premium and craft vodka.
- Potential market growth driven by rising disposable incomes and tourism revival.
- Continued effects of health and wellness trends on alcoholic beverage consumption.
How does Bulgaria rank in Vodka Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 631,330,000 | 2023 | +0.016% | +0.4% | View data |
| 2 | 2 Germany | 209,890,000 | 2023 | +1.61% | +0.56% | View data |
| 3 | 3 Romania | 82,471,000 | 2023 | +2.02% | -0.057% | View data |
| 4 | 4 Bulgaria | 49,926,000 | 2023 | +1.45% | +3.18% | |
| 5 | 5 Czech Republic | 48,955,000 | 2023 | -0.049% | +1.87% | View data |
| 6 | 6 Slovakia | 38,851,000 | 2023 | +1.97% | +2.69% | View data |
