Bulgarian poultry meat consumption expected to rise in 2024 - GAIN

Published 2024년 7월 18일

Tridge summary

Poultry meat remains the most popular and affordable protein source in Bulgaria, with consumption steadily increasing since 2013 despite challenges like HPAI and the COVID pandemic. The USDA GAIN report predicts higher poultry meat consumption in 2024 due to better consumer demand, stable prices, and increased purchasing power. Early 2024 saw a 3.1% rise in chicken meat imports and a 26% drop in exports, suggesting stronger domestic demand. Broiler meat consumption is expected to grow more robustly than in 2023, while duck meat sales are slightly increasing, though official data is lacking.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Poultry meat remains the most popular and affordable meat and source of protein in Bulgaria with consistent growth in consumption since 2013, according to a recent US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report. This is despite some fluctuations in 2020-2022 caused by HPAI and the COVID pandemic. FAS/Sofia forecasts higher poultry meat consumption in 2024 due to improving consumer demand, both at the retail level and in the food service industry. Food inflation has been under control and persistently declining since the middle of 2023, while consumer incomes have increased contributing to better purchasing power. The MinAg monthly data indicate stable prices for frozen and chilled whole broilers at both the wholesale and retail levels as of mid-June, with less than a percent difference compared to a year ago, encouraging stable and growing consumption. These prices, however, remain significantly below the average EU prices. Also, chicken ...

Source: Thepoultrysite