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Bulgaria - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Maize Oil Price in Bulgaria - 2023
Contents:
- Refined Maize Oil Price in Bulgaria (FOB) - 2022
- Refined Maize Oil Price in Bulgaria (CIF) - 2022
- Refined Maize Oil Exports in Bulgaria
- Refined Maize Oil Imports in Bulgaria
Refined Maize Oil Price in Bulgaria (FOB) - 2022
The average refined maize oil export price stood at $1,403 per ton in 2022, waning by -52% against the previous year. Overall, the export price showed a dramatic curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 103% against the previous year. Over the period under review, the average export prices reached the maximum at $50,176 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($1,837 per ton), while the average price for exports to the Netherlands ($1,114 per ton) was amongst the lowest.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (-41.9%).
Refined Maize Oil Price in Bulgaria (CIF) - 2022
The average refined maize oil import price stood at $1,708 per ton in 2022, rising by 15% against the previous year. In general, the import price, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2021 an increase of 42% against the previous year. The import price peaked at $2,022 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($2,435 per ton), while the price for Italy totaled $1,267 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+15.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Refined Maize Oil Exports in Bulgaria
In 2022, approx. 62 tons of refined maize (corn) oil were exported from Bulgaria; picking up by 79% on the previous year. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 17,055% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, refined maize oil exports contracted to $86K in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 3,181% against the previous year.
Export of Refined Maize Oil in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ukraine | N/A | N/A | N/A | 42.4 | 0% |
Netherlands | N/A | 71.9 | 0.2 | 35.8 | -29.4% |
Czech Republic | N/A | N/A | N/A | 8.0 | 0% |
Greece | 2.1 | N/A | 100 | N/A | 590.1% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 2.2 | 71.9 | 101 | 86.3 | 239.8% |
Top Export Markets for Refined Maize Oil from Bulgaria in 2022:
- Netherlands (32.2 tons)
- Ukraine (23.1 tons)
- Czech Republic (6.3 tons)
Refined Maize Oil Imports in Bulgaria
In 2022, purchases abroad of refined maize (corn) oil decreased by -47.9% to 23 tons, falling for the second consecutive year after two years of growth. In general, imports faced a precipitous contraction. The most prominent rate of growth was recorded in 2020 with an increase of 189% against the previous year. As a result, imports reached the peak of 150 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, refined maize oil imports declined significantly to $39K in 2022. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 186% against the previous year. As a result, imports attained the peak of $158K. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Refined Maize Oil in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 21.5 | 35.8 | 24.1 | 20.5 | -1.6% |
Italy | 14.6 | 7.7 | 16.5 | 18.2 | 7.6% |
Serbia | 19.2 | 115 | 24.8 | N/A | 13.7% |
Others | N/A | N/A | N/A | 0.4 | 0% |
Total | 55.3 | 158 | 65.4 | 39.1 | -10.9% |
Top Suppliers of Refined Maize Oil to Bulgaria in 2022:
- Italy (14.4 tons)
- Turkey (8.4 tons)
This report provides an in-depth analysis of the refined maize oil market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10621460 - Refined maize (corn) oil and its fractions (excluding chemically modified)
Country coverage:
- Bulgaria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bulgaria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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