Price for Frozen Concentrated Orange Juice in Bulgaria - 2023
Contents:
- Price for Frozen Concentrated Orange Juice in Bulgaria (CIF) - 2023
- Price for Frozen Concentrated Orange Juice in Bulgaria (FOB) - 2022
- Imports of Frozen Concentrated Orange Juice in Bulgaria
- Exports of Frozen Concentrated Orange Juice in Bulgaria
Price for Frozen Concentrated Orange Juice in Bulgaria (CIF) - 2023
The average frozen concentrated orange juice import price stood at $3,228 per ton in June 2023, which is down by -4.4% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 30% against the previous month. As a result, import price attained the peak level of $5,440 per ton. From March 2023 to June 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($40,433 per ton), while the price for Italy ($1,313 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Concentrated Orange Juice in Bulgaria (FOB) - 2022
The average frozen concentrated orange juice export price stood at $1,486 per ton in 2022, with a decrease of -67.6% against the previous year. Overall, the export price, however, recorded a moderate increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 699% against the previous year. Over the period under review, the average export prices hit record highs at $4,586 per ton in 2021, and then fell dramatically in the following year.
As there is only one major export destination, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for Romania amounted to -1.0% per year.
Imports of Frozen Concentrated Orange Juice in Bulgaria
In 2022, purchases abroad of frozen concentrated orange juice increased by 22% to 565 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt slump.
In value terms, frozen concentrated orange juice imports totaled $1.6M in 2022. In general, imports, however, showed a precipitous contraction.
| Import of Frozen Concentrated Orange Juice in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 868 | 595 | 654 | 661 | -8.7% |
| France | 637 | 336 | 311 | 357 | -17.6% |
| Brazil | 822 | 259 | 176 | 308 | -27.9% |
| Italy | 144 | 192 | 206 | 174 | 6.5% |
| Greece | 553 | 48.7 | 92.7 | 113 | -41.1% |
| Others | 155 | 14.2 | 1.9 | 1.3 | -79.7% |
| Total | 3,180 | 1,445 | 1,442 | 1,615 | -20.2% |
Top Suppliers of Frozen Concentrated Orange Juice to Bulgaria in 2022:
- France (200.0 tons)
- Italy (154.5 tons)
- Brazil (142.6 tons)
- Greece (48.6 tons)
- Ireland (18.6 tons)
Exports of Frozen Concentrated Orange Juice in Bulgaria
After three years of growth, overseas shipments of frozen concentrated orange juice decreased by -94.3% to 11 tons in 2022. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 6,636% against the previous year.
In value terms, frozen concentrated orange juice exports fell rapidly to $16K in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 53,723%.
| Export of Frozen Concentrated Orange Juice in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 16.4 | 0% |
| Netherlands | N/A | N/A | 6.2 | N/A | 0% |
| Serbia | N/A | 256 | 881 | N/A | 244.1% |
| Others | 0.5 | 9.8 | N/A | N/A | 1860.0% |
| Total | 0.5 | 265 | 887 | 16.4 | 220.1% |
Top Export Markets for Frozen Concentrated Orange Juice from Bulgaria in 2022:
- Germany (11.0 tons)
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