Milled Rice Price in Bulgaria - 2023
Contents:
- Milled Rice Price in Bulgaria (FOB) - 2023
- Milled Rice Price in Bulgaria (CIF) - 2022
- Milled Rice Exports in Bulgaria
- Milled Rice Imports in Bulgaria
Milled Rice Price in Bulgaria (FOB) - 2023
The average milled rice export price stood at $923 per ton in June 2023, which is down by -14% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in November 2022 an increase of 19% month-to-month. The export price peaked at $1,073 per ton in May 2023, and then dropped in the following month.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Turkey ($1,589 per ton), while the average price for exports to Romania ($863 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Milled Rice Price in Bulgaria (CIF) - 2022
In 2022, the average milled rice import price amounted to $569 per ton, dropping by -12.5% against the previous year. Over the period under review, the import price recorded a mild shrinkage. The pace of growth was the most pronounced in 2021 an increase of 31%. The import price peaked at $691 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Spain ($2,447 per ton), while the price for Myanmar ($522 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Milled Rice Exports in Bulgaria
Milled rice exports from Bulgaria soared to 49K tons in 2022, picking up by 117% compared with 2021. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, milled rice exports surged to $36M in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Milled Rice in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 6.9 | 8.6 | 9.5 | 18.4 | 38.7% |
| Poland | 1.1 | 0.9 | 1.4 | 4.8 | 63.4% |
| Albania | 0.1 | 0.1 | 1.2 | 2.3 | 184.4% |
| Ukraine | N/A | N/A | N/A | 1.9 | 0% |
| Moldova | N/A | N/A | N/A | 1.8 | 0% |
| Hungary | 0.1 | 0.1 | 0.2 | 1.1 | 122.4% |
| Greece | 0.2 | 0.2 | 0.1 | 1.0 | 71.0% |
| Czech Republic | 0.1 | 0.1 | 0.2 | 0.8 | 100.0% |
| Serbia | 0.4 | 0.3 | 0.2 | 0.6 | 14.5% |
| Turkey | 2.3 | N/A | N/A | 0.1 | -64.8% |
| Saudi Arabia | 0.7 | 2.3 | 0.5 | N/A | -15.5% |
| Others | 0.3 | 0.5 | 1.4 | 3.0 | 115.4% |
| Total | 12.0 | 13.0 | 14.5 | 35.9 | 44.1% |
Top Export Markets for Milled Rice from Bulgaria in 2022:
- Saudi Arabia (undefinedK tons)
- Romania (26.3K tons)
- Poland (7.8K tons)
- Albania (2.7K tons)
- Moldova (2.1K tons)
- Ukraine (2.0K tons)
- Hungary (1.6K tons)
- Greece (1.3K tons)
- Czech Republic (1.2K tons)
- Serbia (0.8K tons)
- Turkey (0.1K tons)
Milled Rice Imports in Bulgaria
In 2022, the amount of semi-milled or wholly milled (bleached) rice imported into Bulgaria surged to 53K tons, rising by 265% against 2021 figures. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, milled rice imports surged to $30M in 2022. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Milled Rice in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 0.8 | 1.2 | 3.0 | 21.8 | 200.9% |
| Greece | 5.6 | 8.2 | 3.1 | 2.9 | -19.7% |
| Italy | 2.2 | 1.6 | 1.4 | 2.1 | -1.5% |
| Pakistan | 0.9 | 1.4 | 0.2 | 0.7 | -8.0% |
| Paraguay | N/A | N/A | N/A | 0.5 | 0% |
| Others | 1.5 | 1.8 | 1.6 | 2.0 | 10.1% |
| Total | 11.1 | 14.1 | 9.4 | 30.0 | 39.3% |
Top Suppliers of Milled Rice to Bulgaria in 2022:
- Myanmar (41.6K tons)
- Greece (5.3K tons)
- Italy (1.6K tons)
- Pakistan (1.4K tons)
- Paraguay (0.9K tons)
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