Price for Cereal Groats; Meal and Pellets in Bulgaria - 2023

Contents:

1. Price for Cereal Groats; Meal and Pellets in Bulgaria (FOB) - 2022
2. Price for Cereal Groats; Meal and Pellets in Bulgaria (CIF) - 2023
3. Exports of Cereal Groats; Meal and Pellets in Bulgaria
4. Imports of Cereal Groats; Meal and Pellets in Bulgaria

Price for Cereal Groats; Meal and Pellets in Bulgaria (FOB) - 2022

In 2022, the average export price for cereal groats; meal and pelletses amounted to $502 per ton, increasing by 56% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal groats; meal and pellets export price increased by +85.6% against 2020 indices. 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 Belgium ($1,062 per ton), while the average price for exports to Greece ($450 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 Belgium (+27.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cereal Groats; Meal and Pellets in Bulgaria (CIF) - 2023

The average import price for cereal groats; meal and pelletses stood at $1,094 per ton in June 2023, declining by -10.8% against the previous month. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in September 2022 an increase of 34% m-o-m. The import price peaked at $1,503 per ton in April 2023; however, from May 2023 to June 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Poland ($1,989 per ton), while the price for Serbia ($565 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Romania (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cereal Groats; Meal and Pellets in Bulgaria

After three years of growth, overseas shipments of cereal groats; meal and pelletses decreased by -45.2% to 2.9K tons in 2022. Overall, exports recorded a deep slump. The growth pace was the most rapid in 2021 with an increase of 5.5% against the previous year. As a result, the exports attained the peak of 5.3K tons, and then declined significantly in the following year.

In value terms, cereal groats; meal and pellets exports declined to $1.5M in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. As a result, the exports attained the peak of $1.7M, and then reduced in the following year.

Top Export Markets for Cereal Groats; Meal and Pellets from Bulgaria in 2022:

1. Greece (2113.7 tons)
2. Romania (533.5 tons)
3. France (161.3 tons)
4. Belgium (86.6 tons)

Imports of Cereal Groats; Meal and Pellets in Bulgaria

Cereal groats; meal and pellets imports into Bulgaria soared to 1.6K tons in 2022, jumping by 52% compared with 2021 figures. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cereal groats; meal and pellets imports soared to $1.8M in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cereal Groats; Meal and Pellets to Bulgaria in 2022:

1. Greece (647.2 tons)
2. Romania (322.8 tons)
3. Italy (226.3 tons)
4. Serbia (150.2 tons)
5. Poland (93.7 tons)
6. Czech Republic (62.2 tons)
7. Austria (31.0 tons)

Source: IndexBox Market Intelligence Platform