Bulgaria - Sesame Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSesame Seed Price in Bulgaria - 2023
Contents:
- Sesame Seed Price in Bulgaria (CIF) - 2022
- Sesame Seed Price in Bulgaria (FOB) - 2023
- Sesame Seed Imports in Bulgaria
- Sesame Seed Exports in Bulgaria
Sesame Seed Price in Bulgaria (CIF) - 2022
The average sesame seed import price stood at $2,109 per ton in 2022, surging by 20% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of 65% against the previous year. As a result, import price reached the peak level of $2,260 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Greece ($2,366 per ton) and India ($2,236 per ton), while the price for Nigeria ($1,758 per ton) and Burkina Faso ($1,824 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Somalia (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Sesame Seed Price in Bulgaria (FOB) - 2023
The average sesame seed export price stood at $2,716 per ton in August 2023, picking up by 6.7% against the previous month. Overall, export price indicated a notable expansion from August 2022 to August 2023: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, sesame seed export price increased by +9.0% against June 2023 indices. The most prominent rate of growth was recorded in October 2022 an increase of 34% month-to-month. Over the period under review, the average export prices attained the peak figure at $4,419 per ton in November 2022; however, from December 2022 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was France ($4,078 per ton), while the average price for exports to Kosovo ($1,906 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Sesame Seed Imports in Bulgaria
After three years of growth, overseas purchases of sesame seed decreased by -22.3% to 1.9K tons in 2022. The total import volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 37% against the previous year. As a result, imports attained the peak of 2.4K tons, and then contracted dramatically in the following year.
In value terms, sesame seed imports shrank to $4M in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, imports reached the peak of $4.3M, and then shrank in the following year.
| Import of Sesame Seed in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 218 | 428 | 1,192 | 1,786 | 101.6% |
| Somalia | N/A | N/A | 806 | 909 | 12.8% |
| Burkina Faso | N/A | N/A | N/A | 384 | 0% |
| Ethiopia | 247 | 396 | 386 | 258 | 1.5% |
| Pakistan | 260 | 198 | 1,204 | 175 | -12.4% |
| India | 2,486 | 1,705 | 310 | 174 | -58.8% |
| Nigeria | N/A | N/A | 33.7 | 66.8 | 98.2% |
| Others | 321 | 484 | 379 | 262 | -6.5% |
| Total | 3,532 | 3,210 | 4,311 | 4,015 | 4.4% |
Top Suppliers of Sesame Seed to Bulgaria in 2022:
- Turkey (813.0 tons)
- Somalia (442.4 tons)
- Burkina Faso (210.6 tons)
- Ethiopia (138.0 tons)
- Pakistan (88.5 tons)
- India (77.8 tons)
- Nigeria (38.0 tons)
Sesame Seed Exports in Bulgaria
In 2022, shipments abroad of sesame seed decreased by -29.1% to 515 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 375% against the previous year. As a result, the exports reached the peak of 726 tons, and then dropped sharply in the following year.
In value terms, sesame seed exports reduced notably to $1.2M in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 315% against the previous year. As a result, the exports attained the peak of $1.5M, and then shrank remarkably in the following year.
| Export of Sesame Seed in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 65.5 | 70.1 | 791 | 700 | 120.3% |
| Greece | 25.2 | 23.2 | 60.5 | 206 | 101.4% |
| Romania | 97.7 | 119 | 205 | 195 | 25.9% |
| Italy | 19.3 | 58.3 | 51.1 | 62.1 | 47.6% |
| India | N/A | 47.0 | N/A | N/A | 0% |
| Poland | N/A | N/A | 271 | N/A | 0% |
| Others | 12.1 | 36.2 | 90.0 | 34.2 | 41.4% |
| Total | 220 | 354 | 1,469 | 1,197 | 75.9% |
Top Export Markets for Sesame Seed from Bulgaria in 2022:
- Netherlands (318.2 tons)
- Greece (90.5 tons)
- Romania (82.1 tons)
- Italy (14.3 tons)
This report provides an in-depth analysis of the sesame seed 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:
- FCL 289 - Sesame seed
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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