Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Bulgaria - 2023

Contents:

1. Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Bulgaria (CIF) - 2022
2. Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Bulgaria (FOB) - 2022
3. Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Bulgaria
4. Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Bulgaria

Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Bulgaria (CIF) - 2022

The average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $15,768 per ton in 2022, waning by -26.3% against the previous year. In general, the import price continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2019 an increase of 647%. As a result, import price reached the peak level of $157,267 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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 the UK ($30,943 per ton), while the price for Spain ($9,901 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Bulgaria (FOB) - 2022

The average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $52,328 per ton in 2022, almost unchanged from the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 125%. The export price peaked at $160,094 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($152,667 per ton), while the average price for exports to Spain ($8,000 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 Malta (+44.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Bulgaria

After three years of growth, purchases abroad of oils, essential; of orange (terpeneless or not), including concretes and absoluteses decreased by -20.1% to 6.2 tons in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. As a result, imports reached the peak of 7.7 tons, and then shrank dramatically in the following year.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses contracted remarkably to $97K in 2022. In general, imports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 81% against the previous year.

Top Suppliers of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes to Bulgaria in 2022:

1. Germany (1805.0 kg)
2. Spain (1673.0 kg)
3. Hungary (1563.0 kg)
4. Greece (456.0 kg)
5. United Kingdom (281.0 kg)
6. Italy (262.0 kg)

Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Bulgaria

In 2022, overseas shipments of oils, essential; of orange (terpeneless or not), including concretes and absoluteses decreased by -95.9% to 186 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a dramatic downturn. The growth pace was the most rapid in 2020 when exports increased by 35% against the previous year. As a result, the exports reached the peak of 18 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses reduced rapidly to $9.7K in 2022. Overall, exports saw a sharp downturn. The smallest decline of -36.7% was in 2020.

Top Export Markets for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes from Bulgaria in 2022:

1. Lithuania (48.0 kg)
2. China (45.0 kg)
3. Poland (31.0 kg)
4. United States (19.0 kg)
5. Malta (17.0 kg)
6. Estonia (6.0 kg)
7. Croatia (4.0 kg)
8. Hungary (3.0 kg)
9. Spain (1.0 kg)

Source: IndexBox Market Intelligence Platform