Price for Offal, Edible; of Swine, Fresh or Chilled in Bulgaria - 2023

Contents:

1. Price for Offal, Edible; of Swine, Fresh or Chilled in Bulgaria (CIF) - 2023
2. Price for Offal, Edible; of Swine, Fresh or Chilled in Bulgaria (FOB) - 2022
3. Imports of Offal, Edible; of Swine, Fresh or Chilled in Bulgaria
4. Exports of Offal, Edible; of Swine, Fresh or Chilled in Bulgaria

Price for Offal, Edible; of Swine, Fresh or Chilled in Bulgaria (CIF) - 2023

The average import price for offal, edible; of swine, fresh or chilled stood at $1,202 per ton in August 2023, which is down by -13.5% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 58% month-to-month. As a result, import price reached the peak level of $2,412 per ton. From December 2022 to August 2023, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In August 2023, the countries with the highest prices were Belgium ($1,471 per ton) and Romania ($1,428 per ton), while the price for Poland ($1,026 per ton) and Hungary ($1,362 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Offal, Edible; of Swine, Fresh or Chilled in Bulgaria (FOB) - 2022

In 2022, the average export price for offal, edible; of swine, fresh or chilled amounted to $1,516 per ton, standing approx. at the previous year. In general, the export price enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 145%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

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 Spain ($8,201 per ton), while the average price for exports to Greece ($730 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 Greece (+8.6%).

Imports of Offal, Edible; of Swine, Fresh or Chilled in Bulgaria

For the fourth consecutive year, Bulgaria recorded growth in purchases abroad of offal, edible; of swine, fresh or chilled, which increased by 2.4% to 1.9K tons in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +17.5% 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 +62.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 31% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of offal, edible; of swine, fresh or chilled soared to $2.1M in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Offal, Edible; of Swine, Fresh or Chilled to Bulgaria in 2022:

1. Poland (744.8 tons)
2. Germany (230.4 tons)
3. Belgium (208.2 tons)
4. Romania (151.2 tons)
5. Denmark (132.3 tons)
6. Spain (90.2 tons)
7. Czech Republic (79.9 tons)

Exports of Offal, Edible; of Swine, Fresh or Chilled in Bulgaria

In 2022, approx. 153 tons of offal, edible; of swine, fresh or chilled were exported from Bulgaria; dropping by -36.1% on the previous year's figure. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 171% against the previous year. As a result, the exports reached the peak of 239 tons, and then fell significantly in the following year.

In value terms, exports of offal, edible; of swine, fresh or chilled dropped significantly to $232K in 2022. In general, exports, however, posted modest growth. The pace of growth appeared the most rapid in 2021 with an increase of 234% against the previous year. As a result, the exports attained the peak of $360K, and then reduced notably in the following year.

Top Export Markets for Offal, Edible; of Swine, Fresh or Chilled from Bulgaria in 2022:

1. Greece (89.5 tons)
2. Poland (22.6 tons)
3. France (21.8 tons)
4. Romania (13.3 tons)
5. Spain (5.7 tons)

Source: IndexBox Market Intelligence Platform