| Product Code: ETC5362172 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Bulgaria saw an increase in modeling paste import shipments, with top exporting countries being Greece, Germany, Belgium, Slovenia, and Italy. The Market Top 5 Importing Countries and Market Competition (HHI) Analysis displayed low concentration according to the Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 14.97%, indicating a robust expansion in the Market Top 5 Importing Countries and Market Competition (HHI) Analysis . Additionally, the growth rate from 2023 to 2024 was recorded at 7.17%, showcasing a sustained upward trajectory for modeling paste imports in Bulgaria.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bulgaria Modeling Paste Market Overview |
3.1 Bulgaria Country Macro Economic Indicators |
3.2 Bulgaria Modeling Paste Market Revenues & Volume, 2021 & 2031F |
3.3 Bulgaria Modeling Paste Market - Industry Life Cycle |
3.4 Bulgaria Modeling Paste Market - Porter's Five Forces |
3.5 Bulgaria Modeling Paste Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Bulgaria Modeling Paste Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Bulgaria Modeling Paste Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for personalized and creative cake decorations |
4.2.2 Growing popularity of DIY projects and crafts |
4.2.3 Expansion of the baking and confectionery industry in Bulgaria |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices (e.g., sugar, coloring agents) |
4.3.2 Regulatory constraints related to food safety and labeling |
4.3.3 Competition from substitute products like fondant or royal icing |
5 Bulgaria Modeling Paste Market Trends |
6 Bulgaria Modeling Paste Market Segmentations |
6.1 Bulgaria Modeling Paste Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Bulgaria Modeling Paste Market Revenues & Volume, By White, 2021-2031F |
6.1.3 Bulgaria Modeling Paste Market Revenues & Volume, By Red, 2021-2031F |
6.1.4 Bulgaria Modeling Paste Market Revenues & Volume, By Green, 2021-2031F |
6.1.5 Bulgaria Modeling Paste Market Revenues & Volume, By Black, 2021-2031F |
6.1.6 Bulgaria Modeling Paste Market Revenues & Volume, By Others, 2021-2031F |
6.2 Bulgaria Modeling Paste Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Bulgaria Modeling Paste Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.3 Bulgaria Modeling Paste Market Revenues & Volume, By Residential, 2021-2031F |
7 Bulgaria Modeling Paste Market Import-Export Trade Statistics |
7.1 Bulgaria Modeling Paste Market Export to Major Countries |
7.2 Bulgaria Modeling Paste Market Imports from Major Countries |
8 Bulgaria Modeling Paste Market Key Performance Indicators |
8.1 Customer engagement on social media platforms for modeling paste-related content |
8.2 Number of new product launches or innovations in the modeling paste market |
8.3 Participation and attendance in baking and confectionery trade shows and exhibitions |
9 Bulgaria Modeling Paste Market - Opportunity Assessment |
9.1 Bulgaria Modeling Paste Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Bulgaria Modeling Paste Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Bulgaria Modeling Paste Market - Competitive Landscape |
10.1 Bulgaria Modeling Paste Market Revenue Share, By Companies, 2024 |
10.2 Bulgaria Modeling Paste Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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