Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bulgaria - 2023
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bulgaria (CIF) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bulgaria (FOB) - 2022
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bulgaria
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bulgaria
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bulgaria (CIF) - 2022
The average import price for raw cane sugar (without flavoring or coloring matter) stood at $1,692 per ton in 2022, with a decrease of -15.6% against the previous year. Over the period under review, the import price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by 78% against the previous year. Over the period under review, average import prices attained the peak figure at $2,441 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
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 Hungary ($2,920 per ton), while the price for Italy ($1,198 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (-1.7%), while the prices for the other major suppliers experienced a decline.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bulgaria (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter) stood at $3,280 per ton in 2022, flattening at the previous year. In general, the export price recorded a deep setback. The growth pace was the most rapid in 2020 when the average export price increased by 42%. Over the period under review, the average export prices attained the maximum at $8,118 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
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 Romania ($5,455 per ton), while the average price for exports to Croatia ($2,103 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 Georgia (+54.6%), while the prices for the other major destinations experienced a decline.
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bulgaria
Imports of raw cane sugar (without flavoring or coloring matter) into Bulgaria skyrocketed to 11 tons in 2022, with an increase of 30% against 2021 figures. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 403%. As a result, imports attained the peak of 55 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) expanded significantly to $19K in 2022. Over the period under review, imports, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2020 with an increase of 336% against the previous year. As a result, imports attained the peak of $92K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.9 | 7.4 | 7.1 | 6.6 | 19.2% |
| Germany | 13.7 | 6.0 | 3.4 | 4.6 | -30.5% |
| Spain | N/A | N/A | N/A | 3.1 | 0% |
| Italy | 0.7 | 1.3 | 0.8 | 2.9 | 60.6% |
| Hungary | N/A | N/A | N/A | 1.6 | 0% |
| Belgium | N/A | 73.2 | N/A | N/A | 0% |
| Austria | 2.9 | 3.9 | 5.0 | N/A | 31.3% |
| Others | N/A | 0.4 | 1.0 | 0.2 | -29.3% |
| Total | 21.1 | 92.2 | 17.2 | 19.0 | -3.4% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Bulgaria in 2022:
- Netherlands (5.3 tons)
- Italy (2.4 tons)
- Germany (1.6 tons)
- Spain (1.3 tons)
- Hungary (0.6 tons)
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bulgaria
For the third year in a row, Bulgaria recorded decline in shipments abroad of raw cane sugar (without flavoring or coloring matter), which decreased by 0% to 1.3 tons in 2022. Overall, exports recorded a significant expansion. The smallest decline of -51.4% was in 2020. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) totaled $4.2K in 2022. In general, exports enjoyed a significant expansion. The smallest decline of -31.1% was in 2020. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Bulgaria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | 1.0 | 1.0 | N/A | 1,818 | 1120.5% |
| North Macedonia | N/A | N/A | N/A | 810 | 0% |
| Croatia | N/A | N/A | N/A | 631 | 0% |
| Romania | 4.0 | 1.0 | N/A | 360 | 348.1% |
| Jordan | N/A | N/A | N/A | 189 | 0% |
| Estonia | N/A | N/A | N/A | 84.0 | 0% |
| Spain | N/A | N/A | N/A | 53.0 | 0% |
| Rwanda | N/A | 177 | N/A | N/A | 0% |
| Italy | 550 | 94.0 | N/A | N/A | -82.9% |
| Others | 5.0 | 113 | N/A | 217 | 251.4% |
| Total | 560 | 386 | N/A | 4,162 | 95.2% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Bulgaria in 2022:
- Georgia (492.0 kg)
- North Macedonia (303.0 kg)
- Croatia (300.0 kg)
- Romania (66.0 kg)
- Jordan (36.0 kg)
- Estonia (25.0 kg)
- Spain (25.0 kg)
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