Spices; Mixtures Price in Bulgaria - 2023
Contents:
- Spices; Mixtures Price in Bulgaria (CIF) - 2022
- Spices; Mixtures Price in Bulgaria (FOB) - 2022
- Spices; Mixtures Imports in Bulgaria
- Spices; Mixtures Exports in Bulgaria
Spices; Mixtures Price in Bulgaria (CIF) - 2022
In 2022, the average spices; mixtures import price amounted to $7,156 per ton, increasing by 5.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 35%. The import price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($12,778 per ton), while the price for India ($796 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in Bulgaria (FOB) - 2022
The average spices; mixtures export price stood at $3,777 per ton in 2022, picking up by 27% against the previous year. Overall, the export price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 33%. As a result, the export price attained the peak level of $5,218 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($22,185 per ton), while the average price for exports to the Netherlands ($1,601 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 Hungary (+76.2%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Imports in Bulgaria
After three years of growth, supplies from abroad of spices; mixtureses decreased by -66.7% to 79 tons in 2022. Over the period under review, imports recorded a sharp reduction. The pace of growth was the most pronounced in 2021 with an increase of 8.3%. As a result, imports attained the peak of 238 tons, and then dropped sharply in the following year.
In value terms, spices; mixtures imports dropped rapidly to $567K in 2022. Overall, imports showed a precipitous decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. As a result, imports reached the peak of $1.6M, and then declined rapidly in the following year.
| Import of Spices; Mixtures in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 1,267 | 1,185 | 1,362 | 283 | -39.3% |
| Germany | 171 | 194 | 182 | 208 | 6.7% |
| Romania | 0.7 | N/A | 28.9 | 15.9 | 183.2% |
| Latvia | N/A | N/A | 5.0 | 10.8 | 116.0% |
| Netherlands | 14.0 | 22.3 | 3.3 | 8.2 | -16.3% |
| China | N/A | N/A | N/A | 4.6 | 0% |
| India | 6.0 | 12.0 | 12.0 | 4.0 | -12.6% |
| Others | 25.5 | 18.8 | 28.0 | 32.6 | 8.5% |
| Total | 1,484 | 1,431 | 1,621 | 567 | -27.4% |
Top Suppliers of Spices; Mixtures to Bulgaria in 2022:
- Austria (41.0 tons)
- Germany (16.3 tons)
- Latvia (6.0 tons)
- India (5.0 tons)
- Romania (3.9 tons)
- Netherlands (2.0 tons)
- China (1.9 tons)
Spices; Mixtures Exports in Bulgaria
In 2022, after three years of growth, there was significant decline in shipments abroad of spices; mixtureses, when their volume decreased by -72.4% to 99 tons. Overall, exports saw a deep slump. The growth pace was the most rapid in 2021 when exports increased by 112%. As a result, the exports reached the peak of 360 tons, and then shrank rapidly in the following year.
In value terms, spices; mixtures exports declined significantly to $376K in 2022. In general, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 101% against the previous year. As a result, the exports reached the peak of $1.1M, and then shrank rapidly in the following year.
| Export of Spices; Mixtures in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 145 | 255 | 608 | 111 | -8.5% |
| Italy | N/A | 44.4 | 19.1 | 66.6 | 22.5% |
| Spain | 11.4 | 19.9 | 107 | 51.7 | 65.5% |
| Poland | 11.2 | 44.4 | 107 | 39.9 | 52.7% |
| North Macedonia | 25.1 | 34.1 | 30.5 | 30.0 | 6.1% |
| Georgia | N/A | N/A | N/A | 14.9 | 0% |
| Netherlands | 3.2 | 6.5 | 7.4 | 11.5 | 53.2% |
| Greece | 54.8 | 2.9 | 4.3 | 6.0 | -52.2% |
| France | 17.2 | 22.9 | N/A | 1.0 | -61.3% |
| Others | 22.7 | 104 | 189 | 43.6 | 24.3% |
| Total | 290 | 534 | 1,073 | 376 | 9.0% |
Top Export Markets for Spices; Mixtures from Bulgaria in 2022:
- Germany (39.4 tons)
- Spain (15.3 tons)
- Poland (8.3 tons)
- Georgia (8.0 tons)
- North Macedonia (7.7 tons)
- Netherlands (7.2 tons)
- Italy (3.0 tons)
- Greece (2.8 tons)
- France (0.4 tons)
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