Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Bulgaria - 2023

Contents:

1. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Bulgaria (CIF) - 2022
2. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Bulgaria (FOB) - 2022
3. Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Bulgaria
4. Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Bulgaria

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Bulgaria (CIF) - 2022

The average import price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $6,650 per ton in 2022, surging by 4.9% against the previous year. Overall, the import price posted a resilient increase. The growth pace was the most rapid in 2014 when the average import price increased by 68% against the previous year. Over the period under review, average import prices hit record highs at $7,238 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($7,936 per ton), while the price for Portugal ($2,890 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Bulgaria (FOB) - 2022

In 2022, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $8,833 per ton, shrinking by -13.2% against the previous year. Overall, the export price continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2014 an increase of 87%. Over the period under review, the average export prices hit record highs at $27,388 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Canada ($10,473 per ton) and the Czech Republic ($9,346 per ton), while the average price for exports to Germany ($7,564 per ton) and Italy ($8,085 per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Bulgaria

In 2022, supplies from abroad of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -2.9% to 26 tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 116%. As a result, imports reached the peak of 34 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $173K in 2022. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 136%. As a result, imports reached the peak of $189K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 to Bulgaria in 2022:

1. Peru (16.0 tons)
2. Germany (3.0 tons)
3. Netherlands (2.3 tons)
4. Spain (2.2 tons)
5. Portugal (1.4 tons)
6. Tanzania (0.6 tons)

Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Bulgaria

After three years of growth, overseas shipments of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -14.7% to 13 tons in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 128%.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 fell dramatically to $116K in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 50%.

Top Export Markets for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 from Bulgaria in 2022:

1. Germany (2.9 tons)
2. Croatia (2.2 tons)
3. Romania (1.7 tons)
4. Canada (1.0 tons)
5. Italy (0.9 tons)
6. Czech Republic (0.9 tons)
7. Slovenia (0.6 tons)
8. Hungary (0.5 tons)
9. Belgium (0.5 tons)
10. Portugal (0.4 tons)
11. North Macedonia (0.4 tons)
12. Estonia (0.3 tons)

Source: IndexBox Market Intelligence Platform