The Bulgarian frozen fish fillets market declined from 3.8397 million kilograms in 2013 to 2.0101 million kilograms in 2023, marking a significant decrease of approximately 48% over the last decade. Year-on-year variations revealed inconsistent performance with notable declines, specifically a 14.9% drop in 2022 and a further 5.85% reduction in 2023. From 2019 onwards, the compound annual growth rate (CAGR) indicated continuous negative growth, consistently showing annual contractions, averaging a decline of around 5.02% in the last five years.
Future trends to watch:
- Increased demand for sustainable seafood options could influence market dynamics.
- Potential economic fluctuations might impact consumer purchasing power in the sector.
- Emerging global trade relationships and local policy changes could alter import-export volumes.
How does Bulgaria rank in Frozen Fish Fillets Market Size Volume?
| # | 16 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 190,270,000 | 2023 | +1.39% | +1.6% | View data |
| 2 | 2 Germany | 182,870,000 | 2023 | -4.06% | -4.05% | View data |
| 3 | 3 France | 157,610,000 | 2023 | -0.16% | -0.56% | View data |
| 4 | 4 Spain | 149,080,000 | 2023 | +0.054% | +1.08% | View data |
| 5 | 5 Poland | 125,140,000 | 2023 | +0.97% | +1.89% | View data |
| 14 | 14 Finland | 4,555,000 | 2023 | -0.28% | -3.1% | View data |
| 15 | 15 Hungary | 4,285,800 | 2023 | +0.79% | -1.92% | View data |
| 16 | 16 Bulgaria | 2,026,600 | 2023 | -5.85% | -5.02% | |
