Price for Cereals; Maize (Corn), Other than Seed in Bulgaria - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Bulgaria (FOB) - 2023
- Price for Cereals; Maize (Corn), Other than Seed in Bulgaria (CIF) - 2022
- Exports of Cereals; Maize (Corn), Other than Seed in Bulgaria
- Imports of Cereals; Maize (Corn), Other than Seed in Bulgaria
Price for Cereals; Maize (Corn), Other than Seed in Bulgaria (FOB) - 2023
The average export price for cereals; maize (corn), other than seeds stood at $279 per ton in August 2023, growing by 6.3% against the previous month. Overall, the export price, however, showed a mild slump. The pace of growth was the most pronounced in November 2022 when the average export price increased by 9.5% m-o-m. As a result, the export price attained the peak level of $343 per ton. From December 2022 to August 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the UK.
From October 2022 to August 2023, the rate of growth in terms of prices for the UK amounted to +15.3% per month.
Price for Cereals; Maize (Corn), Other than Seed in Bulgaria (CIF) - 2022
The average import price for cereals; maize (corn), other than seeds stood at $328 per ton in 2022, increasing by 20% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 cereals; maize (corn), other than seeds decreased by -11.3% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 74% against the previous year. Over the period under review, average import prices attained the maximum at $388 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($651 per ton), while the price for Serbia ($268 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Maize (Corn), Other than Seed in Bulgaria
In 2022, shipments abroad of cereals; maize (corn), other than seeds decreased by -45.3% to 962K tons, falling for the second consecutive year after two years of growth. Overall, exports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 0.2%. As a result, the exports attained the peak of 2.6M tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of cereals; maize (corn), other than seeds declined markedly to $330M in 2022. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 7.3% against the previous year. As a result, the exports attained the peak of $494M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Cereals; Maize (Corn), Other than Seed in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 115 | 98.2 | 103 | 106 | -2.7% |
| Romania | 73.3 | 72.6 | 89.6 | 72.8 | -0.2% |
| China | 20.9 | 26.7 | 44.0 | 44.0 | 28.2% |
| Spain | 48.8 | 36.9 | 65.1 | 37.2 | -8.7% |
| Portugal | 23.6 | 11.9 | N/A | 19.8 | -5.7% |
| Libya | 3.8 | 12.0 | 8.9 | 15.5 | 59.8% |
| South Korea | 24.7 | 8.5 | 62.9 | 10.9 | -23.9% |
| Italy | 15.8 | 13.8 | 22.8 | 10.2 | -13.6% |
| Turkey | 28.6 | 17.1 | 1.4 | 2.3 | -56.8% |
| Cyprus | 15.1 | 11.0 | 9.2 | 2.3 | -46.6% |
| United Kingdom | 14.6 | 5.6 | 10.2 | N/A | -16.4% |
| France | 17.1 | 25.2 | 3.9 | N/A | -52.2% |
| Others | 59.6 | 155 | 44.9 | 8.5 | -47.8% |
| Total | 461 | 494 | 466 | 330 | -10.5% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Bulgaria in 2022:
- Greece (293.7K tons)
- Romania (201.2K tons)
- China (148.3K tons)
- Spain (116.2K tons)
- Portugal (53.8K tons)
- Libya (41.5K tons)
- South Korea (38.4K tons)
- Italy (32.3K tons)
- Turkey (6.8K tons)
- Cyprus (6.5K tons)
Imports of Cereals; Maize (Corn), Other than Seed in Bulgaria
Imports of cereals; maize (corn), other than seeds into Bulgaria rose notably to 80K tons in 2022, with an increase of 6.4% compared with 2021. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 461%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of cereals; maize (corn), other than seeds skyrocketed to $26M in 2022. Overall, imports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 316%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Cereals; Maize (Corn), Other than Seed in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 0.8 | N/A | 9.6 | 12.9 | 152.6% |
| Ukraine | N/A | 0.1 | 0.3 | 5.2 | 621.1% |
| Greece | 1.5 | 1.7 | 0.5 | 3.0 | 26.0% |
| Turkey | 0.2 | 0.1 | 1.5 | 2.8 | 141.0% |
| Hungary | 0.7 | 0.9 | 1.5 | 0.8 | 4.6% |
| Argentina | 0.4 | 0.5 | 0.7 | 0.5 | 7.7% |
| Moldova | 0.1 | N/A | 0.1 | 0.4 | 58.7% |
| Serbia | 0.5 | 1.1 | 5.8 | 0.3 | -15.7% |
| Others | 0.4 | 0.6 | 0.8 | 0.5 | 7.7% |
| Total | 4.6 | 5.0 | 20.7 | 26.4 | 79.0% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Bulgaria in 2022:
- Romania (44.4K tons)
- Ukraine (17.2K tons)
- Greece (8.0K tons)
- Turkey (4.3K tons)
- Hungary (2.8K tons)
- Moldova (1.3K tons)
- Serbia (1.1K tons)
- Argentina (0.7K tons)
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