Bulgaria - Sugar Crop - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Bulgaria - Sugar Crop - Market Analysis, Forecast, Size, Trends and Insights

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Sugar Crop Price in Bulgaria - 2023

Contents:

  1. Sugar Crop Price in Bulgaria (FOB) - 2022
  2. Sugar Crop Price in Bulgaria (CIF) - 2022
  3. Sugar Crop Exports in Bulgaria
  4. Sugar Crop Imports in Bulgaria

Sugar Crop Price in Bulgaria (FOB) - 2022

In 2022, the average sugar crop export price amounted to $13,220 per ton, with an increase of 423% against the previous year. In general, the export price showed slight growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($20,233 per ton), while the average price for exports to Japan ($4,798 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+610.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Crop Price in Bulgaria (CIF) - 2022

In 2022, the average sugar crop import price amounted to $2,883 per ton, increasing by 2.1% against the previous year. Over the period under review, the import price continues to indicate strong growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by 353%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Greece.

From 2012 to 2022, the rate of growth in terms of prices for Austria amounted to +31.1% per year.

Sugar Crop Exports in Bulgaria

After three years of growth, overseas shipments of sugar crops decreased by -77.1% to 17 tons in 2022. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 152% against the previous year. As a result, the exports reached the peak of 75 tons, and then reduced remarkably in the following year.

In value terms, sugar crop exports surged to $227K in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Export of Sugar Crop in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Greece73.960.360.613020.7%
United StatesN/A11.533.975.3155.9%
Romania8.911.39.410.04.0%
Japan4.12.65.37.220.6%
Poland46.057.5N/AN/A25.0%
NetherlandsN/AN/A78.1N/A0%
Others7.81.22.24.9-14.4%
Total14114518922717.2%

Top Export Markets for Sugar Crop from Bulgaria in 2022:

  1. Netherlands (undefined tons)
  2. Greece (9.8 tons)
  3. United States (3.7 tons)
  4. Japan (1.5 tons)
  5. Romania (1.4 tons)

Sugar Crop Imports in Bulgaria

In 2022, after two years of decline, there was significant decline in overseas purchases of sugar crops, when their volume decreased by -48.7% to 4.1 tons. Overall, imports recorded a dramatic contraction.

In value terms, sugar crop imports plummeted to $12K in 2022. Over the period under review, imports recorded a abrupt decline.

Import of Sugar Crop in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
GreeceN/AN/AN/A10.50%
Turkey0.5N/A0.80.1-41.5%
Spain20.4N/AN/AN/A0%
GermanyN/AN/A21.2N/A0%
Italy1.6N/AN/AN/A0%
OthersN/AN/A0.51.2140.0%
Total22.6N/A22.511.8-19.5%

Top Suppliers of Sugar Crop to Bulgaria in 2022:

  1. Turkey (undefined tons)
  2. Greece (4.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sugar crop 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 161 - Sugar crops nes
  • FCL 156 - Sugar cane
  • FCL 459 - Chicory roots
  • FCL 157 - Sugar beet
  • FCL 461 - Carobs
  • FCL 460 - Vegetable products, fresh or dry 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Sugar Crop - Bulgaria