Price for Cereals; Grain Sorghum, Other than Seed in Bulgaria - 2023
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Bulgaria (CIF) - 2022
- Price for Cereals; Grain Sorghum, Other than Seed in Bulgaria (FOB) - 2022
- Imports of Cereals; Grain Sorghum, Other than Seed in Bulgaria
- Exports of Cereals; Grain Sorghum, Other than Seed in Bulgaria
Price for Cereals; Grain Sorghum, Other than Seed in Bulgaria (CIF) - 2022
In 2022, the average import price for cereals; grain sorghum, other than seeds amounted to $315 per ton, declining by -16.6% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 74%. The import price peaked at $866 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($383 per ton), while the price for Moldova stood at $310 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+41.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Grain Sorghum, Other than Seed in Bulgaria (FOB) - 2022
The average export price for cereals; grain sorghum, other than seeds stood at $86 per ton in 2022, shrinking by -75.9% against the previous year. Overall, the export price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when the average export price increased by 52% against the previous year. The export price peaked at $361 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($339 per ton), while the average price for exports to Kosovo ($3.3 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 Pakistan (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Grain Sorghum, Other than Seed in Bulgaria
For the fourth year in a row, Bulgaria recorded growth in purchases abroad of cereals; grain sorghum, other than seeds, which increased by 1,075% to 2.4K tons in 2022. In general, imports showed 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 cereals; grain sorghum, other than seeds surged to $750K 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 Cereals; Grain Sorghum, Other than Seed in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Moldova | N/A | N/A | 27.7 | 682 | 2362.1% |
Ukraine | 2.2 | 7.9 | 32.2 | 67.4 | 212.9% |
Others | N/A | N/A | 16.6 | 0.3 | -98.2% |
Total | 2.2 | 7.9 | 76.5 | 750 | 598.6% |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to Bulgaria in 2022:
- Moldova (2201.3 tons)
- Ukraine (176.2 tons)
Exports of Cereals; Grain Sorghum, Other than Seed in Bulgaria
In 2022, approx. 52 tons of cereals; grain sorghum, other than seeds were exported from Bulgaria; falling by -95.9% on 2021 figures. Overall, exports showed a sharp setback. The smallest decline of -35.4% was in 2021.
In value terms, exports of cereals; grain sorghum, other than seeds declined remarkably to $4.5K in 2022. Over the period under review, exports recorded a precipitous curtailment. The smallest decline of -14% was in 2021.
Export of Cereals; Grain Sorghum, Other than Seed in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Greece | 14.8 | 23.0 | 43.5 | 4.3 | -33.8% |
Georgia | N/A | N/A | N/A | 0.1 | 0% |
Kosovo | N/A | N/A | N/A | 0.1 | 0% |
Spain | 2,441 | N/A | N/A | N/A | 0% |
Jordan | N/A | 55.6 | 202 | N/A | 263.3% |
United Kingdom | N/A | N/A | 133 | N/A | 0% |
United Arab Emirates | 292 | 107 | N/A | N/A | -63.4% |
Pakistan | N/A | 122 | N/A | N/A | 0% |
Others | 74.8 | 215 | 71.2 | N/A | -2.4% |
Total | 2,823 | 522 | 450 | 4.5 | -88.3% |
Top Export Markets for Cereals; Grain Sorghum, Other than Seed from Bulgaria in 2022:
- Kosovo (36.1 tons)
- Greece (12.7 tons)
- Georgia (2.9 tons)
This report provides an in-depth analysis of the sorghum market in Bulgaria.
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This report provides an in-depth analysis of the sorghum market in Bulgaria.
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Explore the top import destinations for sorghum and their key statistics. China, Japan, Mexico, Spain, Kenya, Sudan, Italy, South Sudan, Botswana, and New Zealand are among the leading importers. Find out more on IndexBox platform.
In 2021, global sorghum production will grow by 5%, boosted by growing supplies to China. Sorghum imports to the country are expected to rise by 28% compared to the previous year, driven by the increasing demand for animal feed. Prices will continue to rise in line with other cereals, following accelerated food inflation. The advantage of sorghum as a more drought-tolerant crop will allow this product to compete seriously with corn and will further stimulate market expansion.