Price for Cereals; Millet, Other than Seed in Bulgaria - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Bulgaria (CIF) - 2023
- Price for Cereals; Millet, Other than Seed in Bulgaria (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Bulgaria
- Exports of Cereals; Millet, Other than Seed in Bulgaria
Price for Cereals; Millet, Other than Seed in Bulgaria (CIF) - 2023
In October 2023, the average import price for cereals; millet, other than seeds amounted to $353 per ton, reducing by -18.6% against the previous month. Overall, the import price recorded a perceptible curtailment. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 23% month-to-month. Over the period under review, average import prices reached the maximum at $575 per ton in October 2022; however, from November 2022 to October 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Ukraine.
From October 2022 to October 2023, the rate of growth in terms of prices for Ukraine amounted to -1.6% per month.
Price for Cereals; Millet, Other than Seed in Bulgaria (FOB) - 2022
The average export price for cereals; millet, other than seeds stood at $581 per ton in 2022, growing by 22% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; millet, other than seed export price increased by +82.1% against 2017 indices. The growth pace was the most rapid in 2018 when the average export price increased by 47%. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($5,000 per ton), while the average price for exports to Greece ($416 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 (+28.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Millet, Other than Seed in Bulgaria
In 2022, approx. 3.3K tons of cereals; millet, other than seeds were imported into Bulgaria; with a decrease of -29.3% against 2021 figures. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 274%. As a result, imports reached the peak of 4.7K tons, and then contracted notably in the following year.
In value terms, cereals; millet, other than seed imports declined to $1.5M in 2022. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 234%. As a result, imports attained the peak of $1.6M, and then shrank in the following year.
| Import of Cereals; Millet, Other than Seed in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 525 | 346 | 1,362 | 1,227 | 32.7% |
| Brazil | N/A | N/A | N/A | 147 | 0% |
| Moldova | N/A | N/A | 135 | 38.3 | -71.6% |
| Poland | 60.8 | 84.2 | 58.9 | 28.9 | -22.0% |
| Others | 48.4 | 38.2 | 5.9 | 37.9 | -7.8% |
| Total | 634 | 468 | 1,562 | 1,479 | 32.6% |
Top Suppliers of Cereals; Millet, Other than Seed to Bulgaria in 2022:
- Ukraine (2944.3 tons)
- Brazil (182.3 tons)
- Moldova (107.1 tons)
- Poland (51.3 tons)
Exports of Cereals; Millet, Other than Seed in Bulgaria
In 2022, shipments abroad of cereals; millet, other than seeds decreased by -56.3% to 1.8K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 467%. As a result, the exports attained the peak of 4.1K tons, and then contracted notably in the following year.
In value terms, cereals; millet, other than seed exports contracted rapidly to $1.1M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 473%. As a result, the exports reached the peak of $2M, and then contracted dramatically in the following year.
| Export of Cereals; Millet, Other than Seed in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | 53.7 | 1,540 | 691 | 258.7% |
| United Kingdom | N/A | N/A | N/A | 137 | 0% |
| Poland | 1.1 | N/A | 120 | 43.3 | 240.2% |
| United Arab Emirates | N/A | N/A | N/A | 34.8 | 0% |
| Greece | 55.8 | 25.5 | 68.5 | 28.5 | -20.1% |
| Indonesia | N/A | 73.0 | 42.4 | 24.5 | -42.1% |
| Malaysia | N/A | N/A | 49.5 | N/A | 0% |
| Netherlands | N/A | 25.7 | 10.1 | N/A | -60.7% |
| Turkey | 53.3 | 4.9 | 3.8 | N/A | -73.3% |
| Others | 50.8 | 161 | 134 | 93.5 | 22.6% |
| Total | 161 | 344 | 1,968 | 1,052 | 87.0% |
Top Export Markets for Cereals; Millet, Other than Seed from Bulgaria in 2022:
- Brazil (1191.7 tons)
- United Kingdom (239.6 tons)
- Poland (71.4 tons)
- Greece (68.5 tons)
- United Arab Emirates (53.9 tons)
- Indonesia (44.6 tons)
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