Bulgaria - Refined Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Palm Oil Price in Bulgaria - 2023
Contents:
- Refined Palm Oil Price in Bulgaria (CIF) - 2022
- Refined Palm Oil Price in Bulgaria (FOB) - 2023
- Refined Palm Oil Imports in Bulgaria
- Refined Palm Oil Exports in Bulgaria
Refined Palm Oil Price in Bulgaria (CIF) - 2022
The average refined palm oil import price stood at $1,806 per ton in 2022, growing by 37% against the previous year. Over the period under review, the import price posted a prominent increase. The most prominent rate of growth was recorded in 2021 an increase of 46%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($2,030 per ton), while the price for Indonesia ($923 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Palm Oil Price in Bulgaria (FOB) - 2023
The average refined palm oil export price stood at $1,616 per ton in July 2023, growing by 3% against the previous month. Overall, the export price, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in March 2023 an increase of 44% month-to-month. Over the period under review, the average export prices attained the maximum at $2,258 per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In July 2023, the country with the highest price was Romania ($1,622 per ton), while the average price for exports to Greece totaled $1,581 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (-2.6%), while the prices for the other major destinations experienced a decline.
Refined Palm Oil Imports in Bulgaria
After two years of decline, overseas purchases of refined palm oil increased by 13% to 29K tons in 2022. In general, imports, however, saw a abrupt descent.
In value terms, refined palm oil imports surged to $52M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.2% 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 +68.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Refined Palm Oil in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 9.2 | 11.8 | 26.9 | 45.5 | 70.4% |
| Malaysia | 9.3 | 7.2 | 1.0 | 1.8 | -42.2% |
| Egypt | 1.2 | N/A | 1.4 | 1.2 | 0.0% |
| Sweden | 0.2 | 0.5 | 0.6 | 1.1 | 76.5% |
| Indonesia | 9.7 | 6.4 | 1.3 | 0.5 | -62.8% |
| Netherlands | 3.5 | 3.5 | 1.1 | 0.3 | -55.9% |
| Others | 1.9 | 1.4 | 1.4 | 1.8 | -1.8% |
| Total | 35.1 | 30.9 | 33.7 | 52.2 | 14.1% |
Top Suppliers of Refined Palm Oil to Bulgaria in 2022:
- Greece (24.5K tons)
- Malaysia (1.7K tons)
- Egypt (0.6K tons)
- Indonesia (0.6K tons)
- Sweden (0.6K tons)
- Netherlands (0.1K tons)
Refined Palm Oil Exports in Bulgaria
In 2022, approx. 8.6K tons of refined palm oil were exported from Bulgaria; with an increase of 18% compared with 2021 figures. In general, exports, however, continue to indicate a pronounced decline.
In value terms, refined palm oil exports surged to $18M in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Refined Palm Oil in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 7.5 | 6.2 | 9.7 | 15.5 | 27.4% |
| Greece | 0.4 | 0.7 | 0.7 | 1.9 | 68.1% |
| Others | 0.1 | 0.3 | 0.4 | 0.3 | 44.2% |
| Total | 8.1 | 7.2 | 10.9 | 17.6 | 29.5% |
Top Export Markets for Refined Palm Oil from Bulgaria in 2022:
- Romania (7.5K tons)
- Greece (0.9K tons)
This report provides an in-depth analysis of the refined palm oil market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10415700 - Refined palm oil and its fractions (excluding chemically modified)
Country coverage:
- Bulgaria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bulgaria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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