Price for Cereal Groats and Meal; of Maize (Corn) in Bulgaria - 2023
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Bulgaria (CIF) - 2022
- Price for Cereal Groats and Meal; of Maize (Corn) in Bulgaria (FOB) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in Bulgaria
- Exports of Cereal Groats and Meal; of Maize (Corn) in Bulgaria
Price for Cereal Groats and Meal; of Maize (Corn) in Bulgaria (CIF) - 2022
In 2022, the average import price for cereal groats and meal; of maize (corn)s amounted to $564 per ton, rising by 4.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2021 an increase of 24%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($3,698 per ton), while the price for Romania ($416 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Maize (Corn) in Bulgaria (FOB) - 2022
In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $620 per ton, jumping by 102% against the previous year. Overall, the export price continues to indicate a resilient expansion. 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 North Macedonia ($944 per ton), while the average price for exports to Ukraine ($432 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 Romania (+7.6%), while the prices for the other major destinations experienced a decline.
Imports of Cereal Groats and Meal; of Maize (Corn) in Bulgaria
In 2022, approx. 669 tons of cereal groats and meal; of maize (corn)s were imported into Bulgaria; picking up by 88% compared with the previous year. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cereal groats and meal; of maize (corn)s soared to $378K in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereal Groats and Meal; of Maize (Corn) in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 0.7 | 0.7 | 42.0 | 131 | 472.0% |
| Greece | 73.8 | 91.8 | 65.7 | 86.6 | 5.5% |
| Serbia | 45.7 | 54.3 | 41.9 | 70.7 | 15.7% |
| Austria | 7.3 | 15.4 | 29.5 | 51.2 | 91.4% |
| Moldova | N/A | N/A | N/A | 12.8 | 0% |
| Others | 6.2 | 9.6 | 12.7 | 25.1 | 59.4% |
| Total | 134 | 172 | 192 | 378 | 41.3% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Bulgaria in 2022:
- Romania (315.2 tons)
- Serbia (150.2 tons)
- Greece (145.7 tons)
- Moldova (25.6 tons)
- Austria (13.8 tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in Bulgaria
In 2022, after three years of growth, there was significant decline in shipments abroad of cereal groats and meal; of maize (corn)s, when their volume decreased by -97.1% to 32 tons. Overall, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 112%.
In value terms, exports of cereal groats and meal; of maize (corn)s declined significantly to $20K in 2022. In general, exports saw a precipitous slump. The most prominent rate of growth was recorded in 2020 when exports increased by 111%.
| Export of Cereal Groats and Meal; of Maize (Corn) in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kosovo | N/A | 0.3 | 0.3 | 11.9 | 529.8% |
| Spain | 1.7 | 5.3 | 0.3 | 3.6 | 28.4% |
| United Kingdom | N/A | N/A | N/A | 1.3 | 0% |
| Ukraine | N/A | N/A | N/A | 0.9 | 0% |
| North Macedonia | 0.9 | 0.7 | N/A | 0.8 | -3.9% |
| Belgium | N/A | N/A | N/A | 0.8 | 0% |
| Greece | 84.9 | 180 | 281 | N/A | 81.9% |
| Romania | N/A | N/A | 60.0 | N/A | 0% |
| Others | 0.9 | N/A | N/A | 0.4 | -23.7% |
| Total | 88.4 | 186 | 342 | 19.7 | -39.4% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Bulgaria in 2022:
- Kosovo (17.4 tons)
- Spain (8.0 tons)
- Ukraine (2.0 tons)
- United Kingdom (1.9 tons)
- North Macedonia (0.9 tons)
- Belgium (0.9 tons)
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