Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Bulgaria - 2023

Contents:

  1. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Bulgaria (CIF) - 2022
  2. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Bulgaria (FOB) - 2022
  3. Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Bulgaria
  4. Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Bulgaria

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Bulgaria (CIF) - 2022

The average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $2,202 per ton in 2022, picking up by 5.4% against the previous year. Overall, import price indicated measured growth from 2013 to 2022: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) increased by +79.0% against 2016 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 30%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece ($4,062 per ton), while the price for Italy ($1,283 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Bulgaria (FOB) - 2022

The average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $290 per ton in 2022, with an increase of 11% against the previous year. In general, the export price, however, saw a deep slump. The most prominent rate of growth was recorded in 2015 an increase of 35% against the previous year. The export price peaked at $647 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($750 per ton), while the average price for exports to Greece amounted to $289 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+30.9%), while the prices for the other major destinations experienced a decline.

Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Bulgaria

Imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) into Bulgaria skyrocketed to 29 tons in 2022, increasing by 34% against the year before. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 1,579% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) surged to $63K in 2022. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 2,086% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Import of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
PolandN/AN/A40.552.830.4%
Germany4.51.83.78.825.1%
Lebanon5.2N/AN/AN/A0%
Others1.30.30.41.2-2.6%
Total11.02.044.562.878.7%

Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) to Bulgaria in 2022:

  1. Poland (22.9 tons)
  2. Germany (5.1 tons)

Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Bulgaria

In 2022, shipments abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) increased by 718% to 50 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a precipitous curtailment.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) surged to $15K in 2022. In general, exports, however, showed a precipitous shrinkage.

Export of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Greece56.039.2N/A14.5-36.3%
Others0.9N/A1.60.1-51.9%
Total56.939.21.614.6-36.5%

Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) from Bulgaria in 2022:

  1. Greece (50.3 tons)

Source: IndexBox Market Intelligence Platform

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