The Bulgarian market for confectionery; outlook: trends to watch
Article Abstract:
The overall confectionery market in Bulgaria is expected to register growth in all sectors, at an aggregate rate of between 30% and 50% in both value and volume retail sales, during the next five years. This comes as the manufacturing base gains development and modernization, amid the progress of modernization efforts and the development of the country's tourism industry. However, there are several impediments to development and growth of the confectionery market, including low purchasing power of the population, relative weakness of the local currency, below-capacity production for local manufacturers, local bureaucracy, and financing for modernization initiatives.
Comment:
Blugaria: Confectionery market is expected to grow at 30% to 50% in both value & volume retail sales, during the next five years
Publication Name: Market Research Europe
Subject: Business, international
ISSN: 0308-3446
Year: 1998
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The Bulgarian market for confectionery; key trends
Article Abstract:
The Bulgarian market for confectionery comprises a retail sector that is valued at $124 million in 1997, with less than 21,000 tons in volume, and a manufacturing sector that is fragmented and relatively underdeveloped. The domestic market, where exports are dominated by foreign manufacturers with local presence, relies on general food stores as the primary retail outlets, as they account for more than 50% of all sales. Retail sales of confectionery, which is dominated by chocolate with a 61% value share and a 59% volume share, is expected to increase by between 30% to 50% in both volume and value during the next five years.
Comment:
Bulgaria: Confectionery mkt comprises retail field w/ value of $124 mil in 1997, & fragmented & relatively underdvlpd mfg field
Publication Name: Market Research Europe
Subject: Business, international
ISSN: 0308-3446
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
The Bulgarian market for confectionery; total market size: sectoral analysis: volume trends
Article Abstract:
The Bulgarian market for confectionery products is led by chocolate, which accounted for 59% of all volume sales in 1997, compared to only 37% for sugar confectionery and nearly 4% for chewing gum. However, volume growth for th chocolate category declined by 20.9%, from 15,450 tons in 1993 to 12,230 tons in 1997, a predicament shared by sugar confectionery, which registered a 20.7% volume sales decline, from 9,810 tons in 1993 t o7,780 tons in 1997. Chewing gum posted the least volume growth decline, as it posted a 13.6% decrease from sales of 950 tons in 1993 to 820 tons in 1997.
Comment:
Bulgaria: Chocolate accounts for 59% of all volume sales in 1997, versus 37% for sugar confectionery & nearly 4% for chewing gum
Publication Name: Market Research Europe
Subject: Business, international
ISSN: 0308-3446
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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