Shrimp Price in Bulgaria - 2023
Contents:
- Shrimp Price in Bulgaria (FOB) - 2023
- Shrimp Price in Bulgaria (CIF) - 2023
- Shrimp Exports in Bulgaria
- Shrimp Imports in Bulgaria
Shrimp Price in Bulgaria (FOB) - 2023
The average shrimp export price stood at $11,626 per ton in May 2023, approximately equating the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 an increase of 29% m-o-m. As a result, the export price reached the peak level of $15,728 per ton. From October 2022 to May 2023, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From May 2022 to May 2023, the rate of growth in terms of prices for Poland amounted to +2.7% per month.
Shrimp Price in Bulgaria (CIF) - 2023
The average shrimp import price stood at $5,181 per ton in May 2023, shrinking by -6% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when the average import price increased by 12% m-o-m. Over the period under review, average import prices reached the maximum at $5,725 per ton in September 2022; however, from October 2022 to May 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($8,240 per ton), while the price for Estonia ($2,034 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Canada (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Shrimp Exports in Bulgaria
Shrimp exports from Bulgaria dropped sharply to 1.5K tons in 2022, declining by -35.7% against the year before. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 4.3% against the previous year. As a result, the exports attained the peak of 2.3K tons, and then reduced sharply in the following year.
In value terms, shrimp exports declined rapidly to $19M in 2022. Over the period under review, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 3.7%. As a result, the exports attained the peak of $25M, and then fell remarkably in the following year.
| Export of Shrimp in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 24.7 | 24.4 | 24.8 | 18.0 | -10.0% |
| Poland | N/A | N/A | 0.6 | 1.0 | 66.7% |
| Others | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Total | 24.8 | 24.6 | 25.5 | 19.1 | -8.3% |
Top Export Markets for Shrimp from Bulgaria in 2022:
- Sweden (1383.8 tons)
- Poland (62.4 tons)
Shrimp Imports in Bulgaria
In 2022, approx. 3.8K tons of shrimps were imported into Bulgaria; which is down by -28.2% compared with the previous year. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 7.1% against the previous year. As a result, imports attained the peak of 5.3K tons, and then shrank dramatically in the following year.
In value terms, shrimp imports shrank to $19M in 2022. Overall, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 12%. As a result, imports attained the peak of $22M, and then contracted in the following year.
| Import of Shrimp in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 8.4 | 8.2 | 8.3 | 8.9 | 1.9% |
| Canada | 6.8 | 6.9 | 6.6 | 3.0 | -23.9% |
| Netherlands | 0.9 | 0.7 | 1.0 | 2.2 | 34.7% |
| Belgium | 1.4 | 0.8 | 1.6 | 1.4 | 0.0% |
| Sweden | 1.1 | 0.4 | 1.0 | 0.6 | -18.3% |
| Greece | 0.6 | 0.5 | 0.8 | 0.6 | 0.0% |
| Ecuador | 0.1 | 0.4 | 0.4 | 0.6 | 81.7% |
| Others | 1.6 | 1.8 | 2.4 | 1.9 | 5.9% |
| Total | 20.8 | 19.6 | 22.0 | 19.4 | -2.3% |
Top Suppliers of Shrimp to Bulgaria in 2022:
- Denmark (2129.7 tons)
- Canada (749.3 tons)
- Netherlands (278.0 tons)
- Sweden (127.2 tons)
- Belgium (124.1 tons)
- Ecuador (94.2 tons)
- Greece (86.9 tons)
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