Cereal Flour Market Overview in Bulgaria
In value terms, cereal flour production reduced modestly to $ in estimated in export prices. In general, production continues to indicate a mild slump. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. As a result, production reached the peak level of $. From 2012 to , production growth failed to regain the momentum.
The size of the cereal flour market in Bulgaria dropped to $ in , declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a pronounced decline. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. Cereal flour consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain the momentum.