Bulgaria’s poultry sector optimistic despite challenges

Published 2021년 9월 6일

Tridge summary

The Bulgarian poultry industry experienced a challenging year in 2020 due to decreased local and export demand and increased production costs, leading to a 10.3% drop in ending stocks and a 1.4% decline in production. The sector saw a shift in consumer preferences towards value-added and convenience products, with a growth in non-commercial production despite its small share of the total supply. Poultry consumption decreased by 3.7% due to a decline in the food service industry, and imports and exports also saw decreases. However, a recovery is predicted for the sector in 2021 and 2022, with a slight increase in broiler meat production and consumption expected in 2021.

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

Original content

The year 2020 was challenging for the poultry industry. In Bulgaria, the year began with poultry inventory 2% higher than in 2019 but ended with 10.3% lower ending stocks. Farms reduced stocks due to dwindling local and export demand and increasing production costs. Industry estimates show a 35-50% increase in production cost between May 2020 and January 2021, while the 2020 annual market price for broilers decreased by 3% to € 145.98/100 kg compared to € 183.95/100 kg for the EU average. A total of 24 slaughterhouses operated in the country, of which 8 specialised in ducks. This is 2 more than in 2019. Poultry meat production declined by 1.4% from 2019. Commercial poultry production declined by 1.3% while non-commercial production grew by 3.8% although its share in total poultry meat supply was just 1.5%. The output of poultry cuts at slaughterhouses grew by 3.1% while that of whole birds declined by 4.1%. This trend indicates an increasing market demand for value-added and ...

Source: Poultryworld