Non-Liquid Margarine Price in Bulgaria - 2023
Contents:
- Non-Liquid Margarine Price in Bulgaria (FOB) - 2023
- Non-Liquid Margarine Price in Bulgaria (CIF) - 2022
- Non-Liquid Margarine Exports in Bulgaria
- Non-Liquid Margarine Imports in Bulgaria
Non-Liquid Margarine Price in Bulgaria (FOB) - 2023
The average non-liquid margarine export price stood at $2,001 per ton in June 2023, falling by -2.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in August 2022 an increase of 8.2% month-to-month. The export price peaked at $2,051 per ton in May 2023, and then reduced slightly in the following month.
Average prices varied noticeably for the major overseas markets. In June 2023, the highest price was recorded for prices to Poland ($2,183 per ton) and Greece ($2,104 per ton), while the average price for exports to Slovakia ($1,777 per ton) and Romania ($1,897 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Liquid Margarine Price in Bulgaria (CIF) - 2022
In 2022, the average non-liquid margarine import price amounted to $1,718 per ton, picking up by 28% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2021 an increase of 30% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
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 Belgium ($2,337 per ton), while the price for Poland ($1,332 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Exports in Bulgaria
In 2022, after three years of growth, there was decline in shipments abroad of non-liquid margarine, when their volume decreased by -1.6% to 7.5K tons. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 29%. As a result, the exports reached the peak of 7.6K tons, and then declined modestly in the following year.
In value terms, non-liquid margarine exports soared to $12M in 2022. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 64% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Non-Liquid Margarine in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 2.1 | 1.1 | 3.5 | 5.2 | 35.3% |
| Romania | 0.1 | 2.2 | 3.3 | 4.2 | 247.6% |
| Slovakia | N/A | N/A | 0.7 | 2.2 | 214.3% |
| Greece | 2.5 | 2.1 | 1.3 | 0.6 | -37.9% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 4.9 | 5.5 | 9.0 | 12.4 | 36.3% |
Top Export Markets for Non-Liquid Margarine from Bulgaria in 2022:
- Poland (3.0K tons)
- Romania (2.7K tons)
- Slovakia (1.4K tons)
- Greece (0.3K tons)
Non-Liquid Margarine Imports in Bulgaria
In 2022, non-liquid margarine imports into Bulgaria declined to 5.5K tons, dropping by -10.4% against 2021. Overall, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 0.4%.
In value terms, non-liquid margarine imports expanded remarkably to $9.5M in 2022. The total import value increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Non-Liquid Margarine in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 2,504 | 2,733 | 3,618 | 3,956 | 16.5% |
| Romania | 2,695 | 977 | 1,318 | 2,037 | -8.9% |
| Poland | 376 | 301 | 415 | 703 | 23.2% |
| Greece | 1,298 | 408 | 154 | 543 | -25.2% |
| Austria | 324 | 323 | 442 | 510 | 16.3% |
| Ukraine | 256 | 572 | 1,232 | 414 | 17.4% |
| Turkey | 76.5 | 111 | 271 | 397 | 73.1% |
| Belgium | 473 | 399 | 188 | 301 | -14.0% |
| Germany | 251 | 92.9 | 208 | 286 | 4.4% |
| Italy | 213 | 175 | 237 | 207 | -0.9% |
| Serbia | 230 | 231 | 62.3 | N/A | -48.0% |
| Others | 85.9 | 35.3 | 133 | 132 | 15.4% |
| Total | 8,783 | 6,358 | 8,278 | 9,486 | 2.6% |
Top Suppliers of Non-Liquid Margarine to Bulgaria in 2022:
- Hungary (2304.3 tons)
- Romania (1159.6 tons)
- Poland (527.5 tons)
- Greece (317.5 tons)
- Ukraine (266.3 tons)
- Austria (244.0 tons)
- Turkey (209.3 tons)
- Germany (192.2 tons)
- Belgium (128.7 tons)
- Italy (106.1 tons)
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