Price for Food Preparations Not Elsewhere Specified or Included in Bulgaria - 2023
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Bulgaria (CIF) - 2023
- Price for Food Preparations Not Elsewhere Specified or Included in Bulgaria (FOB) - 2022
- Imports of Food Preparations Not Elsewhere Specified or Included in Bulgaria
- Exports of Food Preparations Not Elsewhere Specified or Included in Bulgaria
Price for Food Preparations Not Elsewhere Specified or Included in Bulgaria (CIF) - 2023
The average import price for food preparations not elsewhere specified or included stood at $9,630 per ton in November 2023, picking up by 12% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in September 2023 an increase of 20% against the previous month. The import price peaked in November 2023.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Austria ($36,153 per ton), while the price for Serbia ($1,767 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Austria (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Bulgaria (FOB) - 2022
In 2022, the average export price for food preparations not elsewhere specified or included amounted to $3,961 per ton, growing by 6.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2020 when the average export price increased by 13% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($6,515 per ton), while the average price for exports to Lebanon ($1,690 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 Kosovo (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in Bulgaria
Imports of food preparations not elsewhere specified or included into Bulgaria declined modestly to 30K tons in 2022, flattening at the previous year's figure. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 13% against the previous year.
In value terms, imports of food preparations not elsewhere specified or included rose significantly to $191M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.1% 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 +48.6% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 22% 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 near future.
| Import of Food Preparations Not Elsewhere Specified or Included in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 15.6 | 16.7 | 22.3 | 27.0 | 20.1% |
| Germany | 17.3 | 18.6 | 22.6 | 24.5 | 12.3% |
| Netherlands | 10.7 | 11.7 | 14.6 | 17.8 | 18.5% |
| Italy | 10.4 | 9.2 | 11.5 | 11.5 | 3.4% |
| Austria | 5.7 | 6.5 | 7.2 | 10.2 | 21.4% |
| France | 9.2 | 8.5 | 8.9 | 9.8 | 2.1% |
| Hungary | 6.6 | 6.9 | 9.0 | 6.7 | 0.5% |
| Greece | 6.1 | 4.5 | 5.8 | 6.1 | 0.0% |
| Slovenia | 3.4 | 2.2 | 3.3 | 4.7 | 11.4% |
| Romania | 3.0 | 3.4 | 3.6 | 4.1 | 11.0% |
| Serbia | 2.7 | 2.3 | 2.5 | 3.0 | 3.6% |
| Belgium | 1.5 | 1.6 | 2.5 | 2.8 | 23.1% |
| Slovakia | 2.1 | 1.7 | 1.7 | 2.2 | 1.6% |
| Others | 34.5 | 47.3 | 56.4 | 61.1 | 21.0% |
| Total | 129 | 141 | 172 | 191 | 14.0% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Bulgaria in 2022:
- Poland (5.0K tons)
- Italy (3.4K tons)
- Germany (2.9K tons)
- Greece (2.6K tons)
- Hungary (2.4K tons)
- Serbia (1.8K tons)
- Netherlands (1.6K tons)
- Romania (1.3K tons)
- France (1.1K tons)
- Austria (1.0K tons)
- Slovakia (1.0K tons)
- Belgium (0.8K tons)
- Slovenia (0.7K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Bulgaria
Exports of food preparations not elsewhere specified or included from Bulgaria totaled 46K tons in 2022, surging by 7.8% against 2021 figures. The total export volume increased at an average annual rate of +12.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of food preparations not elsewhere specified or included expanded markedly to $181M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 28% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Food Preparations Not Elsewhere Specified or Included in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 15.5 | 20.5 | 29.8 | 37.1 | 33.8% |
| Turkey | 11.6 | 11.1 | 12.2 | 20.2 | 20.3% |
| Greece | 13.3 | 13.4 | 14.1 | 16.0 | 6.4% |
| Serbia | 7.3 | 7.6 | 8.1 | 6.8 | -2.3% |
| Italy | 2.5 | 2.2 | 2.6 | 6.4 | 36.8% |
| United States | 2.6 | 3.8 | 4.7 | 6.0 | 32.1% |
| North Macedonia | 3.2 | 4.5 | 4.9 | 4.7 | 13.7% |
| Germany | 1.2 | 2.2 | 3.5 | 4.2 | 51.8% |
| Ukraine | 3.1 | 3.8 | 4.4 | 3.0 | -1.1% |
| Moldova | 1.5 | 1.8 | 2.2 | 2.3 | 15.3% |
| Kosovo | N/A | 2.3 | 2.4 | 2.1 | -4.4% |
| Morocco | N/A | 1.0 | 1.4 | 1.9 | 37.8% |
| Lebanon | 1.0 | 1.7 | 1.7 | 1.7 | 19.3% |
| Others | 42.9 | 59.0 | 66.7 | 68.9 | 17.1% |
| Total | 106 | 135 | 159 | 181 | 19.5% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Bulgaria in 2022:
- Turkey (9.2K tons)
- Romania (7.3K tons)
- Greece (6.6K tons)
- Serbia (1.8K tons)
- United States (1.6K tons)
- Ukraine (1.2K tons)
- Kosovo (1.1K tons)
- Italy (1.0K tons)
- Lebanon (1.0K tons)
- Moldova (1.0K tons)
- Morocco (1.0K tons)
- Germany (0.9K tons)
- North Macedonia (0.7K tons)
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