Bulgaria - Grain - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGrain Price in Bulgaria - 2023
Contents:
- Grain Price in Bulgaria (FOB) - 2022
- Grain Price in Bulgaria (CIF) - 2022
- Grain Exports in Bulgaria
- Grain Imports in Bulgaria
Grain Price in Bulgaria (FOB) - 2022
The average grain export price stood at $359 per ton in 2022, picking up by 36% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grain export price increased by +99.7% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Egypt ($385 per ton) and Tunisia ($377 per ton), while the average price for exports to China ($296 per ton) and Spain ($328 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Grain Price in Bulgaria (CIF) - 2022
The average grain import price stood at $741 per ton in 2022, growing by 4.8% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 59% against the previous year. Over the period under review, average import prices reached the maximum at $834 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($1,486 per ton), while the price for Serbia ($277 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Grain Exports in Bulgaria
In 2022, grain exports from Bulgaria reduced rapidly to 5.2M tons, shrinking by -28.8% on 2021. Over the period under review, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 18% against the previous year.
In value terms, grain exports reduced to $1.9B in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 50% against the previous year. As a result, the exports reached the peak of $1.9B, and then dropped slightly in the following year.
| Export of Grain in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | 2.0 | 7.1 | 22.2 | 477 | 520.1% |
| Greece | 232 | 213 | 316 | 313 | 10.5% |
| Tunisia | 18.5 | 30.5 | 110 | 166 | 107.8% |
| Spain | 268 | 175 | 269 | 159 | -16.0% |
| Romania | 152 | 165 | 219 | 158 | 1.3% |
| Egypt | 21.9 | 11.4 | 1.7 | 83.1 | 56.0% |
| Italy | 63.1 | 52.7 | 74.1 | 71.1 | 4.1% |
| Indonesia | 40.5 | 15.7 | 54.3 | 57.6 | 12.5% |
| Pakistan | 0.1 | 13.7 | 75.0 | 55.7 | 722.8% |
| Bangladesh | 11.3 | 15.1 | N/A | 55.0 | 69.5% |
| Israel | 24.1 | 27.5 | 104 | 50.2 | 27.7% |
| China | 20.9 | 26.7 | 44.0 | 44.0 | 28.2% |
| Lebanon | 56.8 | 42.4 | 19.0 | 42.6 | -9.1% |
| Others | 580 | 496 | 630 | 146 | -36.9% |
| Total | 1,491 | 1,291 | 1,938 | 1,878 | 8.0% |
Top Export Markets for Grain from Bulgaria in 2022:
- Algeria (1318.7K tons)
- Greece (842.0K tons)
- Spain (483.5K tons)
- Romania (448.4K tons)
- Tunisia (441.7K tons)
- Egypt (215.8K tons)
- Italy (192.5K tons)
- Indonesia (167.6K tons)
- Bangladesh (155.6K tons)
- Pakistan (155.0K tons)
- China (148.5K tons)
- Israel (135.8K tons)
- Lebanon (121.1K tons)
Grain Imports in Bulgaria
In 2022, the amount of grain imported into Bulgaria soared to 176K tons, jumping by 25% compared with the year before. Overall, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 61%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, grain imports soared to $131M in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Grain in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 33.2 | 29.3 | 36.3 | 59.6 | 21.5% |
| Hungary | 14.1 | 12.6 | 17.7 | 15.7 | 3.6% |
| Ukraine | 1.8 | 0.5 | 1.8 | 14.6 | 100.9% |
| France | 7.1 | 12.0 | 12.8 | 10.4 | 13.6% |
| Austria | 2.8 | 2.2 | 2.5 | 10.4 | 54.9% |
| Greece | 4.2 | 6.1 | 3.7 | 6.6 | 16.3% |
| Turkey | 0.4 | 0.4 | 1.6 | 3.6 | 108.0% |
| Serbia | 2.8 | 1.4 | 7.2 | 1.7 | -15.3% |
| Slovakia | 0.6 | 1.2 | 0.4 | 1.2 | 26.0% |
| Russia | 0.7 | 2.2 | 0.4 | 0.1 | -47.7% |
| Others | 4.1 | 5.0 | 15.4 | 6.8 | 18.4% |
| Total | 71.5 | 73.1 | 99.7 | 131 | 22.4% |
Top Suppliers of Grain to Bulgaria in 2022:
- Romania (64.8K tons)
- Ukraine (44.5K tons)
- Austria (18.1K tons)
- Greece (15.5K tons)
- Hungary (10.5K tons)
- Serbia (6.1K tons)
- Turkey (5.2K tons)
- France (3.0K tons)
- Slovakia (2.0K tons)
- Russia (0.1K tons)
This report provides an in-depth analysis of the grain market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 108 - Cereals, nes
- FCL 103 - Mixed grain
- FCL 92 - Quinoa
- FCL 15 - Wheat
- FCL 71 - Rye
- FCL 44 - Barley
- FCL 75 - Oats
- FCL 56 - Maize
- FCL 27 - Rice, paddy
- FCL 83 - Sorghum
- FCL 89 - Buckwheat
- FCL 101 - Canary seed
- FCL 94 - Fonio
- FCL 97 - Triticale
- FCL 79 - Millet
Country coverage:
- Bulgaria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bulgaria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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