Starches; Inulin Price in Bulgaria - 2023
Contents:
- Starches; Inulin Price in Bulgaria (FOB) - 2023
- Starches; Inulin Price in Bulgaria (CIF) - 2023
- Starches; Inulin Exports in Bulgaria
- Starches; Inulin Imports in Bulgaria
Starches; Inulin Price in Bulgaria (FOB) - 2023
The average starches; inulin export price stood at $667 per ton in August 2023, reducing by -8.3% against the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 18% month-to-month. As a result, the export price reached the peak level of $751 per ton. From February 2023 to August 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Morocco ($889 per ton), while the average price for exports to Spain ($531 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 Morocco (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Price in Bulgaria (CIF) - 2023
The average starches; inulin import price stood at $1,017 per ton in August 2023, with a decrease of -5.6% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.0%. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 25% against the previous month. As a result, import price reached the peak level of $1,237 per ton. From June 2023 to August 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Hungary ($2,759 per ton), while the price for Romania ($547 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Exports in Bulgaria
In 2022, starches; inulin exports from Bulgaria soared to 69K tons, picking up by 68% compared with the previous year's figure. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, starches; inulin exports skyrocketed to $44M in 2022. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Starches; Inulin in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 2.9 | 2.8 | 3.3 | 16.0 | 76.7% |
| Greece | 4.4 | 4.5 | 4.8 | 6.4 | 13.3% |
| United States | N/A | N/A | 0.3 | 4.5 | 1400.0% |
| Romania | 1.7 | 1.7 | 1.9 | 3.1 | 22.2% |
| France | N/A | 0.1 | 0.1 | 2.0 | 347.2% |
| Italy | N/A | N/A | 0.2 | 1.6 | 700.0% |
| Spain | N/A | N/A | N/A | 1.6 | 0% |
| Netherlands | 0.4 | 0.5 | 0.4 | 1.3 | 48.1% |
| Morocco | 1.0 | 1.0 | 0.7 | 1.0 | 0.0% |
| Others | 2.4 | 5.5 | 6.6 | 6.5 | 39.4% |
| Total | 12.9 | 16.2 | 18.2 | 44.0 | 50.5% |
Top Export Markets for Starches; Inulin from Bulgaria in 2022:
- Slovakia (32.2K tons)
- Greece (7.9K tons)
- United States (5.4K tons)
- Romania (4.3K tons)
- Netherlands (2.4K tons)
- Italy (2.2K tons)
- France (2.1K tons)
- Spain (1.9K tons)
- Morocco (1.4K tons)
Starches; Inulin Imports in Bulgaria
For the fourth consecutive year, Bulgaria recorded growth in overseas purchases of starches; inulins, which increased by 22% to 12K tons in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +16.6% 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 +58.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, starches; inulin imports surged to $9.5M in 2022. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Starches; Inulin in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 610 | 561 | 565 | 2,276 | 55.1% |
| Serbia | 357 | 597 | 1,948 | 1,585 | 64.4% |
| Germany | 936 | 899 | 973 | 1,338 | 12.6% |
| Austria | 30.0 | 101 | 359 | 1,109 | 233.1% |
| Belgium | 711 | 484 | 629 | 782 | 3.2% |
| Netherlands | 623 | 776 | 537 | 725 | 5.2% |
| Egypt | N/A | N/A | 42.1 | 438 | 940.4% |
| Hungary | 3.2 | 61.0 | 164 | 316 | 362.2% |
| Denmark | 517 | 364 | 165 | 120 | -38.5% |
| Italy | 334 | 215 | 48.9 | 103 | -32.4% |
| Others | 1,027 | 889 | 635 | 752 | -9.9% |
| Total | 5,149 | 4,947 | 6,067 | 9,544 | 22.8% |
Top Suppliers of Starches; Inulin to Bulgaria in 2022:
- Romania (3.3K tons)
- Serbia (2.2K tons)
- Austria (1.7K tons)
- Germany (1.4K tons)
- Netherlands (0.7K tons)
- Egypt (0.7K tons)
- Hungary (0.5K tons)
- Belgium (0.3K tons)
- Denmark (0.2K tons)
- Italy (0.1K tons)
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