The Sunflower Oil market in Bulgaria has shown fluctuations in volume over the last decade, with values between 69.455 million kilograms in 2016 and peaking at 83.68 million kilograms in 2021. By 2023, the volume stood at 77.198 million kilograms. Year-on-year variations reveal a moderate growth in recent years, with a significant dip in 2022 followed by a small recovery in 2023. The compound annual growth rate (CAGR) over the past five years averaged at 0.76%, indicating a relatively steady but slow growth trend.
Future trends to watch for:
- Increasing consumer health awareness could boost demand for sunflower oil as a healthier alternative.
- Potential impacts of global sunflower seed supply dynamics on domestic production and prices.
- Shifts in agricultural policies or subsidies affecting local sunflower cultivation.
- Influence of economic environment on consumer spending patterns and subsequent consumption.
How does Bulgaria rank in Sunflower Oil Market Size Volume?
# | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Spain | 907,630,000 | 2023 | +2.56% | +0.73% | View data |
2 | 2 Italy | 793,420,000 | 2023 | +5.2% | +6.03% | View data |
3 | 3 Germany | 369,080,000 | 2023 | +2.94% | +2.56% | View data |
4 | 4 Romania | 265,430,000 | 2023 | +0.63% | +0.41% | View data |
5 | 5 Bulgaria | 77,198,000 | 2023 | +0.7% | +0.76% | |
6 | 6 Denmark | 10,830,000 | 2023 | -0.14% | -0.17% | View data |
7 | 7 Finland | 843,300 | 2023 | +1.6% | -0.083% | View data |