Brown Rice Price in Bulgaria - 2023
Contents:
- Brown Rice Price in Bulgaria (FOB) - 2023
- Brown Rice Price in Bulgaria (CIF) - 2023
- Brown Rice Exports in Bulgaria
- Brown Rice Imports in Bulgaria
Brown Rice Price in Bulgaria (FOB) - 2023
In June 2023, the average brown rice export price amounted to $979 per ton, approximately equating the previous month. Overall, export price indicated a notable expansion from June 2022 to June 2023: its price increased at an average monthly rate of +4.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, brown rice export price increased by +23.5% against March 2023 indices. The growth pace was the most rapid in September 2022 when the average export price increased by 13% month-to-month. Over the period under review, the average export prices attained the peak figure at $983 per ton in May 2023, and then reduced modestly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Romania ($1,694 per ton), while the average price for exports to Poland ($925 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Brown Rice Price in Bulgaria (CIF) - 2023
The average brown rice import price stood at $771 per ton in June 2023, reducing by -9% against the previous month. Overall, import price indicated a notable increase from June 2022 to June 2023: its price increased at an average monthly rate of +3.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, brown rice import price decreased by -18.5% against April 2023 indices. The pace of growth was the most pronounced in April 2023 when the average import price increased by 38% month-to-month. As a result, import price attained the peak level of $946 per ton. From May 2023 to June 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($1,756 per ton), while the price for China ($632 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Brown Rice Exports in Bulgaria
In 2022, the amount of husked (brown) rice exported from Bulgaria skyrocketed to 75K tons, jumping by 99% compared with 2021. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, brown rice exports skyrocketed to $48M in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Brown Rice in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 14.2 | 18.6 | 16.1 | 37.5 | 38.2% |
| Italy | N/A | N/A | N/A | 4.2 | 0% |
| Turkey | 1.1 | 1.2 | 0.2 | 3.5 | 47.1% |
| Poland | N/A | 0.3 | 1.0 | 2.2 | 170.8% |
| Others | 0.1 | 0.1 | 0.1 | 0.5 | 71.0% |
| Total | 15.5 | 20.1 | 17.4 | 48.0 | 45.8% |
Top Export Markets for Brown Rice from Bulgaria in 2022:
- Romania (55.4K tons)
- Turkey (10.4K tons)
- Italy (5.5K tons)
- Poland (3.1K tons)
Brown Rice Imports in Bulgaria
In 2022, brown rice imports into Bulgaria soared to 70K tons, growing by 108% on the year before. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, brown rice imports skyrocketed to $41M in 2022. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Brown Rice in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.3 | 16.6 | 12.0 | 39.1 | 67.6% |
| Myanmar | 2.7 | 0.2 | N/A | N/A | -92.6% |
| Others | 0.8 | 1.0 | 1.0 | 1.5 | 23.3% |
| Total | 11.8 | 17.9 | 13.0 | 40.6 | 51.0% |
Top Suppliers of Brown Rice to Bulgaria in 2022:
- Myanmar (undefinedK tons)
- China (68.8K tons)
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