Bulgaria - Spices - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpice Price in Bulgaria - 2023
Contents:
- Spice Price in Bulgaria (FOB) - 2022
- Spice Price in Bulgaria (CIF) - 2022
- Spice Exports in Bulgaria
- Spice Imports in Bulgaria
Spice Price in Bulgaria (FOB) - 2022
The average spice export price stood at $1,277 per ton in 2022, picking up by 4.7% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spice export price increased by +67.3% against 2017 indices. The growth pace was the most rapid in 2013 when the average export price increased by 69% against the previous year. Over the period under review, the average export prices attained the maximum at $1,339 per ton in 2014; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($2,060 per ton), while the average price for exports to Yemen ($888 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 Algeria (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Spice Price in Bulgaria (CIF) - 2022
In 2022, the average spice import price amounted to $2,935 per ton, rising by 2.6% against the previous year. Over the period under review, the import price, however, continues to indicate a slight downturn. The growth pace was the most rapid in 2021 an increase of 35%. The import price peaked at $3,300 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($12,695 per ton), while the price for Egypt ($1,472 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Spice Exports in Bulgaria
In 2022, approx. 19K tons of spices were exported from Bulgaria; waning by -13% compared with the previous year's figure. In general, exports saw a pronounced reduction. The pace of growth appeared the most rapid in 2021 with an increase of 9.8%.
In value terms, spice exports contracted to $25M in 2022. The total export value increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. As a result, the exports reached the peak of $27M, and then declined in the following year.
| Export of Spice in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 7.6 | 7.4 | 6.4 | 4.2 | -17.9% |
| Germany | 1.4 | 1.8 | 2.6 | 3.8 | 39.5% |
| India | 0.8 | 2.2 | 4.1 | 2.1 | 37.9% |
| Sri Lanka | 3.9 | 3.5 | 3.2 | 2.1 | -18.6% |
| United Kingdom | 0.6 | 0.9 | 1.1 | 1.8 | 44.2% |
| Thailand | 0.4 | 0.7 | 0.4 | 0.8 | 26.0% |
| United States | 0.3 | 0.4 | 0.4 | 0.7 | 32.6% |
| Algeria | N/A | N/A | 0.1 | 0.7 | 600.0% |
| Malaysia | 0.7 | 0.4 | 0.5 | 0.7 | 0.0% |
| Netherlands | 0.2 | 0.2 | 0.1 | 0.5 | 35.7% |
| South Africa | 0.3 | 0.6 | 0.9 | 0.4 | 10.1% |
| China | N/A | 0.1 | N/A | 0.4 | 100.0% |
| Yemen | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
| Others | 5.3 | 5.4 | 7.6 | 6.3 | 5.9% |
| Total | 21.5 | 23.5 | 27.2 | 24.8 | 4.9% |
Top Export Markets for Spice from Bulgaria in 2022:
- Indonesia (4.5K tons)
- Sri Lanka (2.1K tons)
- Germany (1.8K tons)
- India (1.7K tons)
- United Kingdom (1.3K tons)
- Thailand (0.8K tons)
- Malaysia (0.7K tons)
- Algeria (0.6K tons)
- United States (0.4K tons)
- Yemen (0.4K tons)
- Netherlands (0.4K tons)
- South Africa (0.4K tons)
- China (0.4K tons)
Spice Imports in Bulgaria
In 2022, purchases abroad of spices decreased by -1.7% to 5.6K tons, falling for the second consecutive year after two years of growth. Overall, imports showed a pronounced descent. The growth pace was the most rapid in 2020 with an increase of 19%. As a result, imports reached the peak of 7.1K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spice imports reached $16M in 2022. The total import value increased at an average annual rate of +9.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 21%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Spice in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.0 | 3.3 | 3.1 | 3.8 | 8.2% |
| Vietnam | 1.0 | 1.3 | 2.2 | 2.4 | 33.9% |
| India | 1.4 | 1.3 | 1.4 | 1.3 | -2.4% |
| North Macedonia | 0.2 | 0.3 | 0.5 | 1.2 | 81.7% |
| Austria | 1.9 | 1.9 | 2.2 | 1.2 | -14.2% |
| Germany | 0.6 | 0.6 | 0.9 | 1.0 | 18.6% |
| Spain | 0.9 | 1.1 | 1.0 | 1.0 | 3.6% |
| Greece | 0.6 | 1.0 | 0.9 | 0.9 | 14.5% |
| Netherlands | 0.6 | 1.8 | 1.1 | 0.6 | 0.0% |
| Latvia | N/A | N/A | 0.3 | 0.4 | 33.3% |
| Turkey | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
| Egypt | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| United Arab Emirates | N/A | N/A | N/A | 0.1 | 0% |
| Others | 2.0 | 2.3 | 2.3 | 2.0 | 0.0% |
| Total | 12.5 | 15.1 | 16.3 | 16.5 | 9.7% |
Top Suppliers of Spice to Bulgaria in 2022:
- China (1913.7 tons)
- Vietnam (658.3 tons)
- Greece (498.9 tons)
- India (498.5 tons)
- Spain (321.3 tons)
- Netherlands (273.1 tons)
- North Macedonia (268.4 tons)
- Germany (139.5 tons)
- Turkey (131.6 tons)
- Egypt (108.9 tons)
- Austria (97.5 tons)
- Latvia (94.2 tons)
- United Arab Emirates (88.1 tons)
This report provides an in-depth analysis of the spice 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 687 - Pepper
- FCL 689 - Pimento
- FCL 692 - Vanilla
- FCL 693 - Cinnamon (canella)
- FCL 698 - Cloves
- FCL 702 - Nutmeg, mace, cardamoms
- FCL 711 - Anise, badian, fennel
- FCL 720 - Ginger
- FCL 723 - Spices nes
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
506
This report provides an in-depth analysis of the spice market in Bulgaria.
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This report provides an in-depth analysis of the piper pepper market in Bulgaria.
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This report provides an in-depth analysis of the global spice market.
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This report provides an in-depth analysis of the global piper pepper market.
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This report provides an in-depth analysis of the global pimenta pepper market.
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This report provides an in-depth analysis of the spice market in Bulgaria.
440
This report provides an in-depth analysis of the piper pepper market in Bulgaria.
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This report provides an in-depth analysis of the pimenta pepper market in Bulgaria.
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This report provides an in-depth analysis of the global spice market.
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