Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Bulgaria - 2023
Contents:
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Bulgaria (CIF) - 2023
- Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Bulgaria (FOB) - 2023
- Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Bulgaria
- Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Bulgaria
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Bulgaria (CIF) - 2023
The average import price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose stood at $884 per ton in October 2023, dropping by -2.3% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in November 2022 an increase of 19% month-to-month. Over the period under review, average import prices attained the maximum at $910 per ton in February 2023; however, from March 2023 to October 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Serbia ($943 per ton), while the price for Ukraine totaled $872 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Romania (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Bulgaria (FOB) - 2023
In October 2023, the average export price for white sugar (containing >= 99,5% sucrose) and chemically pure sucrose amounted to $2,509 per ton, jumping by 242% against the previous month. Over the period under review, the export price recorded a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Montenegro ($6,631 per ton), while the average price for exports to the UK ($2,168 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Bulgaria
In 2022, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose into Bulgaria reached 185K tons, picking up by 6.5% against 2021. The total import volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 15% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose soared to $126M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.5% 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 +74.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 24.0 | 21.0 | 30.7 | 37.1 | 15.6% |
| Romania | 11.4 | 22.8 | 14.6 | 23.7 | 27.6% |
| Austria | 6.6 | 4.3 | 2.5 | 13.1 | 25.7% |
| Guatemala | 3.3 | 2.8 | N/A | 10.9 | 48.9% |
| Ukraine | 1.1 | N/A | 0.7 | 6.0 | 76.0% |
| Czech Republic | 2.5 | 1.9 | 2.7 | 5.8 | 32.4% |
| France | 0.6 | 2.6 | 8.1 | 5.5 | 109.3% |
| Greece | 8.0 | 5.1 | 7.2 | 4.3 | -18.7% |
| Croatia | 7.1 | 2.2 | 1.6 | 4.2 | -16.1% |
| Algeria | N/A | N/A | 7.3 | 3.6 | -50.7% |
| Slovenia | 0.8 | 2.9 | 0.5 | 2.6 | 48.1% |
| Brazil | N/A | N/A | N/A | 2.4 | 0% |
| Poland | N/A | 1.2 | 2.9 | 1.8 | 22.5% |
| Others | 6.8 | 20.7 | 15.2 | 5.0 | -9.7% |
| Total | 72.1 | 87.6 | 94.0 | 126 | 20.5% |
Top Suppliers of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose to Bulgaria in 2022:
- Serbia (46.3K tons)
- Romania (36.5K tons)
- Austria (22.7K tons)
- Guatemala (15.3K tons)
- Czech Republic (9.0K tons)
- Greece (8.0K tons)
- France (7.9K tons)
- Ukraine (6.8K tons)
- Algeria (6.6K tons)
- Croatia (6.0K tons)
- Slovenia (5.3K tons)
- Brazil (3.9K tons)
- Poland (3.5K tons)
Exports of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Bulgaria
In 2022, approx. 61K tons of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose were exported from Bulgaria; growing by 72% against the previous year's figure. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of white sugar (containing >= 99,5% sucrose) and chemically pure sucrose surged to $57M in 2022. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 8.4 | 12.4 | 19.3 | 52.1 | 83.7% |
| Romania | 1.4 | 1.0 | 1.1 | 1.7 | 6.7% |
| France | N/A | N/A | N/A | 1.4 | 0% |
| Italy | 0.6 | 0.2 | 1.1 | 1.1 | 22.4% |
| Others | 0.9 | 0.6 | 0.7 | 1.1 | 6.9% |
| Total | 11.2 | 14.2 | 22.2 | 57.4 | 72.4% |
Top Export Markets for White Sugar (Containing >= 99,5% Sucrose) and Chemically Pure Sucrose from Bulgaria in 2022:
- Greece (55.7K tons)
- Romania (1.9K tons)
- France (1.5K tons)
- Italy (1.0K tons)
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