Report Update Nov 1, 2024

Bulgaria - Crude Palm Oil - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Crude Palm Oil Market 2024

Crude Palm Oil Market Size in Bulgaria

The Bulgarian crude palm oil market surged to $X in 2022, growing by 29% against the previous year. Overall, consumption, however, continues to indicate a abrupt decrease. Crude palm oil consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Crude Palm Oil Production in Bulgaria

In value terms, crude palm oil production declined to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by 22%. Crude palm oil production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Crude Palm Oil Exports

Exports from Bulgaria

Crude palm oil exports from Bulgaria totaled X tons in 2021, almost unchanged from the previous year's figure. In general, exports showed a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by 1,409% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, crude palm oil exports amounted to $X in 2021. Over the period under review, exports saw resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 853%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Serbia (X tons) was the main destination for crude palm oil exports from Bulgaria, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Serbia was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Serbia was relatively modest.

Export Prices by Country

The average crude palm oil export price stood at $X per ton in 2021, leveling off at the previous year. Overall, the export price posted a strong increase. The pace of growth was the most pronounced in 2013 an increase of 196%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Serbia.

From 2012 to 2021, the rate of growth in terms of prices for Romania amounted to +10.9% per year.

Crude Palm Oil Imports

Imports into Bulgaria

In 2022, purchases abroad of crude palm oil increased by 715% to X tons, rising for the fourth consecutive year after two years of decline. In general, imports, however, saw a drastic downturn. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, crude palm oil imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a drastic downturn. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest crude palm oil supplier to Bulgaria, accounting for a 66% share of total imports. Moreover, crude palm oil imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +77.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-18.5% per year) and Italy (-28.0% per year).

In value terms, Belgium ($X), Germany ($X) and Italy ($X) were the largest crude palm oil suppliers to Bulgaria, together comprising 100% of total imports.

Among the main suppliers, Germany, with a CAGR of +72.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average crude palm oil import price stood at $X per ton in 2022, increasing by 56% against the previous year. Over the period under review, the import price saw a prominent increase. The growth pace was the most rapid in 2017 an increase of 102%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+15.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude palm oil in the world?

Indonesia constituted the country with the largest volume of crude palm oil consumption, comprising approx. 50% of total volume. Moreover, crude palm oil consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Malaysia, twofold. India ranked third in terms of total consumption with a 9.9% share.

What are the largest producers of crude palm oil in the world?

The country with the largest volume of crude palm oil production was Indonesia, accounting for 58% of total volume. Moreover, crude palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. Thailand ranked third in terms of total production with a 4.1% share.

What are the leading suppliers of crude palm oil to Bulgaria?

In value terms, Italy constituted the largest supplier of crude palm oil to Bulgaria.

What is the average export price for crude palm oil in Bulgaria?

In 2021, the average crude palm oil export price amounted to $904 per ton, approximately equating the previous year.

What is the average import price for crude palm oil in Bulgaria?

The average crude palm oil import price stood at $2,547 per ton in 2021, surging by 25% against the previous year.

This report provides an in-depth analysis of the crude palm oil market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 257 - Oil of palm

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023