Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bulgaria - 2023
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bulgaria (CIF) - 2023
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bulgaria (FOB) - 2023
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bulgaria
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bulgaria
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bulgaria (CIF) - 2023
The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,213 per ton in October 2023, reducing by -31.5% against the previous month. Overall, the import price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in September 2023 an increase of 23% m-o-m. The import price peaked at $1,935 per ton in January 2023; however, from February 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($1,646 per ton), while the price for Indonesia ($1,081 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Sweden (+1.5%), while the prices for the other major suppliers experienced a decline.
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bulgaria (FOB) - 2023
The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $2,425 per ton in October 2023, almost unchanged from the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.6%. The growth pace was the most rapid in November 2022 when the average export price increased by 40% m-o-m. The export price peaked at $3,240 per ton in March 2023; however, from April 2023 to October 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In October 2023, the country with the highest price was Serbia ($2,483 per ton), while the average price for exports to North Macedonia stood at $2,363 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bulgaria
In 2022, overseas purchases of liquid margarine and edible mixtures of animal or vegetable fats decreased by -14.7% to 28K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +19.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, imports attained the peak of 33K tons, and then reduced in the following year.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats reached $50M in 2022. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 94% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 6.7 | 7.4 | 10.9 | 15.9 | 33.4% |
| Egypt | 1.0 | 0.5 | 10.6 | 14.6 | 144.4% |
| Sweden | 4.2 | 4.2 | 6.4 | 8.5 | 26.5% |
| Netherlands | 2.3 | 2.7 | 3.8 | 3.2 | 11.6% |
| Ukraine | 0.8 | 2.8 | 5.5 | 2.1 | 37.9% |
| United Kingdom | N/A | N/A | 1.2 | 1.5 | 25.0% |
| Hungary | 0.1 | 0.3 | 0.6 | 1.5 | 146.6% |
| Indonesia | 0.2 | 1.8 | 3.1 | 0.2 | 0.0% |
| Others | 2.3 | 3.4 | 3.0 | 2.6 | 4.2% |
| Total | 17.6 | 23.2 | 45.0 | 50.2 | 41.8% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Bulgaria in 2022:
- Greece (9.9K tons)
- Egypt (8.7K tons)
- Sweden (4.3K tons)
- Ukraine (1.1K tons)
- Netherlands (1.0K tons)
- Hungary (0.9K tons)
- United Kingdom (0.8K tons)
- Indonesia (0.2K tons)
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bulgaria
In 2022, after three years of growth, there was significant decline in shipments abroad of liquid margarine and edible mixtures of animal or vegetable fats, when their volume decreased by -38.4% to 1.7K tons. Over the period under review, exports, however, showed a moderate increase. The growth pace was the most rapid in 2021 with an increase of 81% against the previous year. As a result, the exports attained the peak of 2.7K tons, and then plummeted in the following year.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats reduced to $3.5M in 2022. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 90% against the previous year. As a result, the exports reached the peak of $4.1M, and then fell in the following year.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| North Macedonia | 749 | 880 | 1,180 | 1,516 | 26.5% |
| Serbia | 26.6 | 23.8 | 239 | 992 | 234.1% |
| Greece | 605 | 716 | 1,626 | 577 | -1.6% |
| France | 1.0 | 4.5 | N/A | 290 | 561.9% |
| Romania | 35.8 | 219 | 748 | 32.1 | -3.6% |
| Iran | 367 | 94.5 | 218 | 21.6 | -61.1% |
| Others | 155 | 246 | 139 | 119 | -8.4% |
| Total | 1,940 | 2,184 | 4,149 | 3,547 | 22.3% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Bulgaria in 2022:
- North Macedonia (661.9 tons)
- Serbia (478.8 tons)
- Greece (325.1 tons)
- France (108.6 tons)
- Romania (17.4 tons)
- Iran (8.3 tons)
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