Price for Vegetable Products Not Elsewhere Specified or Included in Bulgaria - 2024

Contents:

1. Price for Vegetable Products Not Elsewhere Specified or Included in Bulgaria (CIF) - 2022
2. Price for Vegetable Products Not Elsewhere Specified or Included in Bulgaria (FOB) - 2022
3. Imports of Vegetable Products Not Elsewhere Specified or Included in Bulgaria
4. Exports of Vegetable Products Not Elsewhere Specified or Included in Bulgaria

Price for Vegetable Products Not Elsewhere Specified or Included in Bulgaria (CIF) - 2022

In 2022, the average import price for vegetable products not elsewhere specified or includeds amounted to $1,662 per ton, with an increase of 8.7% against the previous year. Overall, the import price, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 80%. Over the period under review, average import prices reached the maximum at $3,962 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Italy ($4,576 per ton), while the price for Ukraine ($188 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Vegetable Products Not Elsewhere Specified or Included in Bulgaria (FOB) - 2022

In 2022, the average export price for vegetable products not elsewhere specified or includeds amounted to $160 per ton, picking up by 4.4% against the previous year. Overall, the export price, however, continues to indicate a precipitous decrease. The pace of growth was the most pronounced in 2021 when the average export price increased by 86%. Over the period under review, the average export prices reached the maximum at $6,697 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($713 per ton), while the average price for exports to North Macedonia ($39 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (-4.7%), while the prices for the other major destinations experienced a decline.

Imports of Vegetable Products Not Elsewhere Specified or Included in Bulgaria

For the fourth year in a row, Bulgaria recorded growth in overseas purchases of vegetable products not elsewhere specified or includeds, which increased by 54% to 1.3K tons in 2022. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 80%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of vegetable products not elsewhere specified or includeds skyrocketed to $2.3M in 2022. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Bulgaria in 2022:

1. India (447.9 tons)
2. China (428.1 tons)
3. Italy (108.7 tons)
4. Moldova (86.3 tons)
5. Ukraine (66.0 tons)
6. Netherlands (44.3 tons)
7. United States (37.4 tons)
8. Turkey (16.6 tons)

Exports of Vegetable Products Not Elsewhere Specified or Included in Bulgaria

In 2022, shipments abroad of vegetable products not elsewhere specified or includeds decreased by -26.6% to 3.8K tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 553%. As a result, the exports attained the peak of 13K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of vegetable products not elsewhere specified or includeds expanded to $1.4M in 2022. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 287% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Bulgaria in 2022:

1. Romania (1691.9 tons)
2. Greece (1387.3 tons)
3. North Macedonia (749.8 tons)

Source: IndexBox Market Intelligence Platform