Price for Buckwheat, Millet and Canary Seed; Other Cereals in Bulgaria - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Bulgaria (CIF) - 2023
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Bulgaria (FOB) - 2023
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Bulgaria
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Bulgaria
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Bulgaria (CIF) - 2023
The average import price for buckwheat, millet and canary seed; other cerealses stood at $457 per ton in October 2023, with a decrease of -37.1% against the previous month. Over the period under review, the import price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in January 2023 an increase of 240% month-to-month. As a result, import price attained the peak level of $1,734 per ton. From February 2023 to October 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Serbia ($1,704 per ton), while the price for Ukraine totaled $416 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Peru (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Bulgaria (FOB) - 2023
In October 2023, the average export price for buckwheat, millet and canary seed; other cerealses amounted to $776 per ton, growing by 80% against the previous month. Over the period under review, the export price posted a notable expansion. Over the period under review, the average export prices hit record highs at $1,158 per ton in January 2023; however, from February 2023 to October 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($885 per ton), while the average price for exports to South Korea ($548 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Bulgaria
In 2022, the amount of buckwheat, millet and canary seed; other cerealses imported into Bulgaria shrank markedly to 4.3K tons, waning by -21.8% compared with the previous year's figure. Over the period under review, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 when imports increased by 187%. As a result, imports attained the peak of 5.5K tons, and then fell dramatically in the following year.
In value terms, imports of buckwheat, millet and canary seed; other cerealses expanded to $2.8M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 69% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 558 | 347 | 1,367 | 1,227 | 30.0% |
| Peru | 263 | 499 | 538 | 313 | 6.0% |
| Poland | 93.4 | 153 | 167 | 159 | 19.4% |
| Brazil | N/A | N/A | N/A | 147 | 0% |
| Greece | 86.9 | 149 | 181 | 129 | 14.1% |
| Austria | 37.9 | 32.9 | 51.9 | 95.1 | 35.9% |
| Spain | 431 | 94.3 | 8.4 | 71.7 | -45.0% |
| Moldova | N/A | N/A | 135 | 65.2 | -51.7% |
| Russia | 2.1 | 32.0 | 52.1 | 64.9 | 213.8% |
| Romania | 40.6 | 19.6 | 25.2 | 49.2 | 6.6% |
| Others | 202 | 252 | 139 | 446 | 30.2% |
| Total | 1,715 | 1,579 | 2,665 | 2,767 | 17.3% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Bulgaria in 2022:
- Ukraine (2944.3 tons)
- Moldova (195.1 tons)
- Brazil (182.3 tons)
- Peru (180.5 tons)
- Poland (157.6 tons)
- Greece (132.7 tons)
- Romania (86.3 tons)
- Austria (79.4 tons)
- Russia (78.7 tons)
- Spain (36.9 tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Bulgaria
After three years of growth, shipments abroad of buckwheat, millet and canary seed; other cerealses decreased by -45.4% to 3.8K tons in 2022. Over the period under review, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2021 with an increase of 146% against the previous year. As a result, the exports attained the peak of 7K tons, and then dropped notably in the following year.
In value terms, exports of buckwheat, millet and canary seed; other cerealses contracted markedly to $2.2M in 2022. In general, exports, however, saw buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 125%. As a result, the exports reached the peak of $3.4M, and then fell dramatically in the following year.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | 53.7 | 1,540 | 691 | 258.7% |
| Greece | 606 | 403 | 812 | 680 | 3.9% |
| Romania | 71.4 | 83.9 | 102 | 214 | 44.2% |
| United Kingdom | 8.9 | 204 | 0.4 | 164 | 164.1% |
| Turkey | 185 | 113 | 244 | 54.1 | -33.6% |
| Indonesia | N/A | 73.0 | 42.4 | 24.5 | -42.1% |
| Netherlands | 258 | 124 | 41.4 | N/A | -59.9% |
| Others | 282 | 461 | 629 | 422 | 14.4% |
| Total | 1,411 | 1,516 | 3,412 | 2,249 | 16.8% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Bulgaria in 2022:
- Greece (1720.9 tons)
- Brazil (1199.3 tons)
- United Kingdom (292.0 tons)
- Turkey (143.1 tons)
- Romania (98.7 tons)
- Indonesia (44.8 tons)
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