The seafood market in Bulgaria in 2023 reached a volume of 34.4 million kilograms, marking a 3.25% increase from the previous year. Over the last decade, the market has shown volatility, with growth periods such as from 2015 to 2016, but also significant declines, notably between 2019 and 2021. The five-year CAGR indicates a modest growth of 0.83%, reflecting a recovery phase after earlier dips. Trends over the longer term highlight fluctuations due to economic variables, consumer preferences, and possibly external factors like international trade policies and global seafood supply issues.
Future trends to watch for include the impact of sustainability initiatives, changes in consumer preferences towards plant-based alternatives, and the influence of potential EU regulations on seafood import and processing. Additionally, the role of technology and innovation in seafood production and distribution could significantly alter the market landscape in the coming years.
How does Bulgaria rank in Seafood Market Size Volume?
| # | 15 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,039,200,000 | 2023 | -1.62% | +1.65% | View data |
| 2 | 2 Denmark | 695,410,000 | 2023 | -0.31% | -0.19% | View data |
| 3 | 3 Italy | 659,090,000 | 2023 | +0.46% | -1.71% | View data |
| 4 | 4 France | 601,260,000 | 2023 | -1.93% | +0.22% | View data |
| 5 | 5 United Kingdom | 535,230,000 | 2023 | -1.1% | -0.87% | View data |
| 10 | 10 Belgium | 101,370,000 | 2023 | -0.8% | -0.46% | View data |
| 11 | 11 Czech Republic | 53,715,000 | 2023 | +2.14% | +1.66% | View data |
| 12 | 12 Bulgaria | 34,400,000 | 2023 | +3.25% | +0.83% | |
| 13 | 13 Croatia | 22,133,000 | 2023 | -3.34% | -3.12% | View data |
| 14 | 14 Austria | 21,995,000 | 2023 | -1.55% | -1.52% | View data |
