Between 2013 and 2023, the solid refined white sugar market in Bulgaria experienced fluctuations, peaking in 2014 and witnessing a notable decline thereafter. The market size in volume terms decreased steadily to 132.84 million kilograms in 2023. Notable declines occurred post-2015, with negative year-on-year variations in recent years, including -2.12% in 2022 and -1.9% in 2023. The five-year CAGR reflects an average annual shrinkage of -1.02%.
Future trends to watch for include potential shifts in consumer preferences due to health considerations, increased competition from alternative sweeteners, and economic factors impacting domestic production and import dynamics. Additionally, regulatory changes impacting sugar consumption could play a significant role in shaping the market landscape.
How does Bulgaria rank in Solid Refined White Sugar Market Size Volume?
| # | 9 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,808,800,000 | 2023 | -1.93% | -2.23% | View data |
| 2 | 2 France | 1,859,100,000 | 2023 | +0.61% | -1.05% | View data |
| 3 | 3 Spain | 1,369,600,000 | 2023 | +3.37% | +0.49% | View data |
| 4 | 4 Romania | 520,410,000 | 2023 | +3.04% | +2.09% | View data |
| 5 | 5 Czech Republic | 368,200,000 | 2023 | +0.32% | +1.01% | View data |
| 6 | 6 Greece | 264,630,000 | 2023 | -0.99% | -1.12% | View data |
| 7 | 7 Finland | 195,680,000 | 2023 | +1.3% | +0.72% | View data |
| 8 | 8 Bulgaria | 132,840,000 | 2023 | -1.9% | -1.02% | |
| 9 | 9 Lithuania | 104,230,000 | 2023 | +7.63% | +5.08% | View data |
