Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bulgaria - 2023
Contents:
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bulgaria (CIF) - 2022
- Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bulgaria (FOB) - 2022
- Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bulgaria
- Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bulgaria
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bulgaria (CIF) - 2022
In 2022, the average import price for refined cane or beet sugar (with added flavoring or coloring matter) amounted to $1,214 per ton, with an increase of 35% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $1,688 per ton in 2013; however, from 2014 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 Germany ($3,825 per ton), while the price for Mauritius ($694 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bulgaria (FOB) - 2022
The average export price for refined cane or beet sugar (with added flavoring or coloring matter) stood at $3,111 per ton in 2022, jumping by 355% against the previous year. Overall, the export price saw a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($5,131 per ton), while the average price for exports to Greece ($680 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 Poland (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bulgaria
In 2022, imports of refined cane or beet sugar (with added flavoring or coloring matter) into Bulgaria shrank sharply to 222 tons, dropping by -57.9% on 2021. In general, imports recorded a sharp contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 29%.
In value terms, imports of refined cane or beet sugar (with added flavoring or coloring matter) shrank markedly to $269K in 2022. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 27%.
| Import of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritius | 141 | 33.4 | 60.6 | 129 | -2.9% |
| Germany | 38.1 | 61.1 | 79.3 | 96.2 | 36.2% |
| Czech Republic | 2.6 | 1.2 | 8.8 | 11.9 | 66.0% |
| Colombia | 57.9 | 30.5 | N/A | N/A | -47.3% |
| France | 253 | 205 | 297 | N/A | 8.3% |
| Others | 20.5 | 42.5 | 28.7 | 32.1 | 16.1% |
| Total | 513 | 374 | 475 | 269 | -19.4% |
Top Suppliers of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) to Bulgaria in 2022:
- Mauritius (186.0 tons)
- Germany (25.2 tons)
- Czech Republic (6.1 tons)
Exports of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bulgaria
In 2022, after three years of growth, there was significant decline in overseas shipments of refined cane or beet sugar (with added flavoring or coloring matter), when their volume decreased by -99.6% to 13 tons. In general, exports continue to indicate a dramatic decrease. The growth pace was the most rapid in 2021 when exports increased by 32%. As a result, the exports reached the peak of 3.5K tons, and then dropped markedly in the following year.
In value terms, exports of refined cane or beet sugar (with added flavoring or coloring matter) reduced sharply to $41K in 2022. Over the period under review, exports saw a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. As a result, the exports attained the peak of $2.4M, and then declined markedly in the following year.
| Export of Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 18.6 | 32.9 | 31.1 | 29.3% |
| Romania | 195 | 168 | 270 | 4.1 | -72.4% |
| Armenia | N/A | N/A | N/A | 4.0 | 0% |
| Cyprus | N/A | 1.1 | 1.1 | 1.3 | 8.7% |
| Spain | N/A | 86.8 | 127 | 0.2 | -95.2% |
| Greece | 920 | 931 | 1,412 | N/A | 23.9% |
| Poland | 161 | 291 | 365 | N/A | 50.6% |
| Others | 55.0 | 52.7 | 152 | 0.7 | -76.7% |
| Total | 1,331 | 1,550 | 2,359 | 41.4 | -68.6% |
Top Export Markets for Refined Cane or Beet Sugar (with Added Flavoring or Coloring Matter) from Bulgaria in 2022:
- United States (6.2 tons)
- Romania (5.2 tons)
- Armenia (1.5 tons)
- Cyprus (0.3 tons)
- Greece (0.1 tons)
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