Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Bulgaria - 2023

Contents:

1. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Bulgaria (CIF) - 2023
2. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Bulgaria (FOB) - 2023
3. Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Bulgaria
4. Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Bulgaria

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Bulgaria (CIF) - 2023

The average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,363 per ton in November 2023, picking up by 6.1% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 13% m-o-m. As a result, import price attained the peak level of $1,490 per ton. From February 2023 to November 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Egypt ($1,740 per ton), while the price for Iran ($936 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Greece (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Bulgaria (FOB) - 2023

The average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,950 per ton in November 2023, dropping by -12.5% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average export price increased by 17% month-to-month. Over the period under review, the average export prices hit record highs at $2,680 per ton in May 2023; however, from June 2023 to November 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Belgium ($5,121 per ton), while the average price for exports to the Netherlands ($807 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Bulgaria

In 2022, the amount of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid imported into Bulgaria rose slightly to 11K tons, increasing by 2.3% compared with the previous year. The total import volume increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 26% against the previous year. As a result, imports reached the peak of 11K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid soared to $12M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +19.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 41%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Bulgaria in 2022:

1. Italy (4457.3 tons)
2. Germany (1670.4 tons)
3. Greece (1612.1 tons)
4. Poland (667.1 tons)
5. Portugal (632.1 tons)
6. China (480.3 tons)
7. Spain (248.0 tons)
8. Czech Republic (168.8 tons)
9. Iran (166.5 tons)
10. Slovenia (58.4 tons)
11. Hungary (40.5 tons)

Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Bulgaria

In 2022, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid from Bulgaria expanded notably to 4.4K tons, picking up by 14% against 2021 figures. The total export volume increased at an average annual rate of +11.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 23%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid skyrocketed to $6.9M in 2022. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Bulgaria in 2022:

1. Serbia (948.8 tons)
2. Germany (686.3 tons)
3. Ukraine (678.0 tons)
4. Greece (379.7 tons)
5. Hungary (361.2 tons)
6. Romania (307.6 tons)
7. Belgium (254.8 tons)
8. Italy (203.5 tons)
9. United States (125.1 tons)

Source: IndexBox Market Intelligence Platform