Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Bulgaria - 2023
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Bulgaria (FOB) - 2023
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Bulgaria (CIF) - 2023
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Bulgaria
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Bulgaria
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Bulgaria (FOB) - 2023
The average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $851 per ton in November 2023, with an increase of 4.4% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 21% against the previous month. Over the period under review, the average export prices reached the peak figure at $871 per ton in September 2023; however, from October 2023 to November 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In November 2023, the highest price was recorded for prices to Ukraine ($973 per ton) and Turkey ($881 per ton), while the average price for exports to Libya ($838 per ton) and Egypt ($838 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Bulgaria (CIF) - 2023
In November 2023, the average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $919 per ton, approximately mirroring the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 16% month-to-month. Over the period under review, average import prices attained the maximum at $1,028 per ton in September 2023; however, from October 2023 to November 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Serbia.
From November 2022 to November 2023, the rate of growth in terms of prices for Romania amounted to +1.0% per month.
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Bulgaria
After two years of decline, overseas shipments of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s increased by 81% to 2M tons in 2022. Overall, exports, however, showed a pronounced downturn.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s skyrocketed to $1.8B in 2022. In general, exports continue to indicate buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 273 | 56.5 | 74.6 | 427 | 16.1% |
| Gibraltar | 146 | 105 | 129 | 419 | 42.1% |
| Libya | N/A | 40.7 | 16.8 | 132 | 80.1% |
| Ukraine | 93.5 | N/A | 147 | 118 | 8.1% |
| Turkey | 12.8 | 21.9 | N/A | 112 | 106.1% |
| Israel | 33.7 | N/A | N/A | 108 | 47.4% |
| Lebanon | 16.6 | N/A | 21.1 | 107 | 86.1% |
| Georgia | 44.1 | 35.0 | 99.7 | 74.9 | 19.3% |
| Netherlands | 37.1 | N/A | N/A | 50.5 | 10.8% |
| Belgium | N/A | N/A | 7.0 | 35.9 | 412.9% |
| Tunisia | 276 | 102 | 116 | 31.7 | -51.4% |
| Nigeria | 20.5 | 10.8 | N/A | 25.2 | 7.1% |
| Greece | 74.0 | 29.1 | 0.4 | 17.8 | -37.8% |
| Others | 162 | 148 | 63.1 | 113 | -11.3% |
| Total | 1,189 | 549 | 674 | 1,771 | 14.2% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Bulgaria in 2022:
- Egypt (451.8K tons)
- Gibraltar (447.3K tons)
- Turkey (149.8K tons)
- Libya (131.7K tons)
- Ukraine (120.7K tons)
- Lebanon (115.1K tons)
- Israel (90.0K tons)
- Netherlands (87.0K tons)
- Georgia (84.1K tons)
- Belgium (57.5K tons)
- Nigeria (37.0K tons)
- Greece (30.3K tons)
- Tunisia (30.0K tons)
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Bulgaria
For the third year in a row, Bulgaria recorded decline in purchases abroad of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s, which decreased by -11.8% to 233K tons in 2022. Over the period under review, imports showed a abrupt decline. The smallest decline of -1.2% was in 2020.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s soared to $236M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.0% 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 +96.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 53% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 151 | 104 | 168 | 209 | 11.4% |
| Serbia | 9.6 | 7.0 | 2.7 | 15.1 | 16.3% |
| Hungary | 7.4 | 1.3 | 4.8 | 3.1 | -25.2% |
| Others | 14.6 | 7.7 | 8.7 | 9.0 | -14.9% |
| Total | 182 | 120 | 184 | 236 | 9.0% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Bulgaria in 2022:
- Romania (209.2K tons)
- Serbia (16.5K tons)
- Hungary (2.7K tons)
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