Price for Homogenised Composite Food Preparations in Bulgaria - 2023

Contents:

1. Price for Homogenised Composite Food Preparations in Bulgaria (CIF) - 2022
2. Price for Homogenised Composite Food Preparations in Bulgaria (FOB) - 2023
3. Imports of Homogenised Composite Food Preparations in Bulgaria
4. Exports of Homogenised Composite Food Preparations in Bulgaria

Price for Homogenised Composite Food Preparations in Bulgaria (CIF) - 2022

In 2022, the average homogenised composite food preparations import price amounted to $3,413 per ton, reducing by -3.7% against the previous year. Overall, the import price continues to indicate a mild reduction. The growth pace was the most rapid in 2021 when the average import price increased by 10%. The import price peaked at $4,169 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 Austria ($4,973 per ton), while the price for Turkey ($1,872 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Homogenised Composite Food Preparations in Bulgaria (FOB) - 2023

In April 2023, the average homogenised composite food preparations export price amounted to $2,554 per ton, falling by -22.9% against the previous month. Overall, the export price recorded a noticeable reduction. The pace of growth was the most pronounced in February 2023 when the average export price increased by 72% against the previous month. As a result, the export price attained the peak level of $3,747 per ton. From March 2023 to April 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In April 2023, the country with the highest price was Romania ($23,381 per ton), while the average price for exports to the Netherlands ($734 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Homogenised Composite Food Preparations in Bulgaria

In 2022, the amount of homogenised composite food preparationses imported into Bulgaria skyrocketed to 1.1K tons, with an increase of 17% against 2021 figures. The total import volume increased at an average annual rate of +11.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 18% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, homogenised composite food preparations imports rose rapidly to $3.8M in 2022. The total import value increased at an average annual rate of +14.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Homogenised Composite Food Preparations to Bulgaria in 2022:

1. Hungary (301.0 tons)
2. Poland (251.8 tons)
3. Austria (224.9 tons)
4. Germany (141.2 tons)
5. Slovenia (68.4 tons)
6. Czech Republic (41.9 tons)
7. Turkey (28.7 tons)
8. Spain (27.8 tons)
9. Lithuania (10.4 tons)

Exports of Homogenised Composite Food Preparations in Bulgaria

Homogenised composite food preparations exports from Bulgaria expanded significantly to 252 tons in 2022, with an increase of 6.6% against the previous year's figure. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 130% against the previous year. As a result, the exports reached the peak of 310 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, homogenised composite food preparations exports rose rapidly to $773K in 2022. In general, exports posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 127% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Homogenised Composite Food Preparations from Bulgaria in 2022:

1. Romania (104.5 tons)
2. United Kingdom (35.0 tons)
3. Serbia (30.6 tons)
4. Germany (28.3 tons)
5. Belgium (18.1 tons)
6. Netherlands (15.8 tons)
7. Cyprus (4.1 tons)