The Sunflower Oil Market in Bulgaria exhibited a downward trend over the past decade, with the market size declining from 110.7 million Euros in 2013 to 76.38 million Euros in 2023. The decline was marked by significant year-on-year decreases, most notably a sharp drop of 14.85% in 2014. Over the past two years, the market saw a year-on-year variation of approximately -1.7%. The compound annual growth rate (CAGR) over the past five years was -1.23%, illustrating a consistent contraction in market value.
Future trends to watch for:
- Potential recovery driven by increased domestic demand and export opportunities.
- Pricing fluctuations influenced by global sunflower oil prices and raw material cost changes.
- Impact of agricultural policies and technological advancements on sunflower oil production efficiency.
How does Bulgaria rank in Sunflower Oil Market Size Value?
# | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Spain | 1,035,300,000 | 2023 | +2.85% | -0.62% | View data |
2 | 2 Romania | 292,810,000 | 2023 | -1.15% | -1.4% | View data |
3 | 3 Germany | 284,610,000 | 2023 | -3.38% | -1.13% | View data |
4 | 4 Croatia | 82,341,000 | 2023 | +1.69% | -1.1% | View data |
5 | 5 Bulgaria | 76,380,000 | 2023 | -1.69% | -1.23% | |
6 | 6 Greece | 64,829,000 | 2023 | -3.87% | -2.78% | View data |
7 | 7 Denmark | 15,181,000 | 2023 | -2.56% | -3.48% | View data |