Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Bulgaria - 2023

Contents:

1. Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Bulgaria (CIF) - 2022
2. Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Bulgaria (FOB) - 2023
3. Imports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Bulgaria
4. Exports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Bulgaria

Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Bulgaria (CIF) - 2022

In 2022, the average import price for seeds, fruit and spores; of a kind used for sowing amounted to $5,496 per ton, jumping by 30% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $7,576 per ton in 2014; however, from 2015 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 the Netherlands ($44,580 per ton), while the price for Egypt ($1,187 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Bulgaria (FOB) - 2023

In September 2023, the average export price for seeds, fruit and spores; of a kind used for sowing amounted to $3,976 per ton, surging by 18% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average export price increased by 146% month-to-month. Over the period under review, the average export prices hit record highs at $6,159 per ton in May 2023; however, from June 2023 to September 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In September 2023, the countries with the highest prices were Serbia ($3,993 per ton) and Saudi Arabia ($3,589 per ton), while the average price for exports to Turkey ($3,166 per ton) and the United States ($3,521 per ton) were amongst the lowest.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Bulgaria

In 2022, after three years of growth, there was significant decline in purchases abroad of seeds, fruit and spores; of a kind used for sowing, when their volume decreased by -43.1% to 2.9K tons. Overall, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 56% against the previous year. As a result, imports attained the peak of 5.1K tons, and then dropped notably in the following year.

In value terms, imports of seeds, fruit and spores; of a kind used for sowing shrank markedly to $16M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +7.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 34%.

Top Suppliers of Seeds, Fruit and Spores; of A Kind Used for Sowing to Bulgaria in 2022:

1. Turkey (737.1 tons)
2. Ukraine (589.9 tons)
3. Egypt (381.2 tons)
4. Italy (272.1 tons)
5. Austria (178.5 tons)
6. Pakistan (129.5 tons)
7. France (119.5 tons)
8. Netherlands (114.9 tons)
9. Germany (88.2 tons)
10. Greece (77.2 tons)
11. Denmark (60.4 tons)
12. Romania (56.8 tons)

Exports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Bulgaria

For the third year in a row, Bulgaria recorded decline in overseas shipments of seeds, fruit and spores; of a kind used for sowing, which decreased by -39% to 2.9K tons in 2022. In general, exports continue to indicate a abrupt downturn. The smallest decline of -1.8% was in 2020.

In value terms, exports of seeds, fruit and spores; of a kind used for sowing fell notably to $11M in 2022. Over the period under review, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 6.9%. As a result, the exports reached the peak of $15M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Seeds, Fruit and Spores; of A Kind Used for Sowing from Bulgaria in 2022:

1. United States (914.5 tons)
2. Mexico (508.2 tons)
3. Italy (493.9 tons)
4. Romania (368.9 tons)
5. Turkey (99.6 tons)
6. Iran (81.3 tons)
7. Afghanistan (63.9 tons)
8. Saudi Arabia (57.3 tons)
9. Kosovo (56.2 tons)
10. Serbia (51.1 tons)
11. Poland (46.8 tons)
12. Canada (0.4 tons)

Source: IndexBox Market Intelligence Platform