Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bulgaria - 2023
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bulgaria (CIF) - 2023
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bulgaria (FOB) - 2022
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bulgaria
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bulgaria
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bulgaria (CIF) - 2023
In November 2023, the average import price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $4,479 per ton, increasing by 2.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in July 2023 an increase of 14% against the previous month. As a result, import price reached the peak level of $4,531 per ton; afterwards, it flattened through to November 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($6,842 per ton), while the price for Lithuania ($1,766 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Poland (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bulgaria (FOB) - 2022
In 2022, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $3,599 per ton, dropping by -4% against the previous year. In general, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by 28%. Over the period under review, the average export prices attained the maximum at $5,737 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($24,000 per ton), while the average price for exports to the Netherlands ($1,386 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 Jordan (+63.8%), while the prices for the other major destinations experienced a decline.
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bulgaria
In 2022, the amount of soups and broths and preparations therefor; homogenised composite food preparationses imported into Bulgaria expanded notably to 2.1K tons, increasing by 12% on the year before. The total import volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses rose markedly to $7.1M in 2022. The total import value increased at an average annual rate of +8.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 15% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 2,080 | 2,408 | 1,965 | 2,031 | -0.8% |
| Austria | 1,729 | 1,745 | 1,755 | 1,177 | -12.0% |
| Hungary | 7.5 | 6.5 | 8.3 | 844 | 382.8% |
| Germany | 405 | 561 | 753 | 819 | 26.5% |
| Poland | 528 | 762 | 696 | 780 | 13.9% |
| Romania | 242 | 146 | 214 | 290 | 6.2% |
| Slovenia | N/A | 110 | 183 | 196 | 33.5% |
| Others | 512 | 590 | 1,012 | 962 | 23.4% |
| Total | 5,504 | 6,329 | 6,585 | 7,100 | 8.9% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Bulgaria in 2022:
- Slovakia (669.7 tons)
- Hungary (307.2 tons)
- Poland (275.9 tons)
- Austria (239.2 tons)
- Germany (207.6 tons)
- Romania (74.7 tons)
- Slovenia (68.7 tons)
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bulgaria
Exports of soups and broths and preparations therefor; homogenised composite food preparationses from Bulgaria totaled 307 tons in 2022, almost unchanged from 2021. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -18.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 83% against the previous year. As a result, the exports attained the peak of 376 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses declined to $1.1M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +18.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 68% against the previous year.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 158 | 224 | 329 | 406 | 37.0% |
| United Kingdom | 164 | 410 | 179 | 210 | 8.6% |
| Serbia | 12.7 | 57.0 | 122 | 115 | 108.4% |
| Germany | 53.0 | 89.6 | 89.5 | 74.5 | 12.0% |
| Cyprus | 43.2 | 93.8 | 93.8 | 74.2 | 19.8% |
| Greece | 41.6 | 130 | 191 | 53.6 | 8.8% |
| Belgium | 104 | 34.5 | 43.3 | 38.7 | -28.1% |
| Netherlands | 12.8 | 19.5 | 19.0 | 25.2 | 25.3% |
| Others | 83.4 | 74.1 | 79.2 | 109 | 9.3% |
| Total | 672 | 1,133 | 1,145 | 1,106 | 18.1% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Bulgaria in 2022:
- Romania (101.7 tons)
- United Kingdom (59.2 tons)
- Germany (42.1 tons)
- Serbia (29.8 tons)
- Netherlands (18.2 tons)
- Cyprus (14.7 tons)
- Belgium (12.2 tons)
- Greece (11.2 tons)
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