Price for Cereal Groats and Meal; of Wheat in Bulgaria - 2023

Contents:

1. Price for Cereal Groats and Meal; of Wheat in Bulgaria (CIF) - 2022
2. Price for Cereal Groats and Meal; of Wheat in Bulgaria (FOB) - 2022
3. Imports of Cereal Groats and Meal; of Wheat in Bulgaria
4. Exports of Cereal Groats and Meal; of Wheat in Bulgaria

Price for Cereal Groats and Meal; of Wheat in Bulgaria (CIF) - 2022

In 2022, the average import price for cereal groats and meal; of wheats amounted to $952 per ton, picking up by 31% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereal groats and meal; of wheats increased by +59.1% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($1,010 per ton), while the price for Greece stood at $786 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.0%).

Price for Cereal Groats and Meal; of Wheat in Bulgaria (FOB) - 2022

The average export price for cereal groats and meal; of wheats stood at $634 per ton in 2022, increasing by 27% against the previous year. Overall, the export price posted noticeable growth. The growth pace was the most rapid in 2021 an increase of 50% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($1,092 per ton), while the average price for exports to Romania ($197 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+1.0%), while the prices for the other major destinations experienced a decline.

Imports of Cereal Groats and Meal; of Wheat in Bulgaria

In 2022, the amount of cereal groats and meal; of wheats imported into Bulgaria skyrocketed to 541 tons, rising by 22% against the previous year. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +16.6% 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 +83.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 50% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of cereal groats and meal; of wheats surged to $515K in 2022. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 72% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Cereal Groats and Meal; of Wheat to Bulgaria in 2022:

1. Greece (301.1 tons)
2. Italy (220.5 tons)

Exports of Cereal Groats and Meal; of Wheat in Bulgaria

After two years of decline, overseas shipments of cereal groats and meal; of wheats increased by 521% to 348 tons in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cereal groats and meal; of wheats skyrocketed to $220K in 2022. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cereal Groats and Meal; of Wheat from Bulgaria in 2022:

1. France (138.0 tons)
2. Romania (121.3 tons)
3. Belgium (68.5 tons)
4. Greece (10.4 tons)

Source: IndexBox Market Intelligence Platform