Report Update Nov 1, 2024

Bulgaria - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Bulgaria: Refined Maize Oil Market 2024

Refined Maize Oil Market Size in Bulgaria

The Bulgarian refined maize oil market fell slightly to $X in 2021, dropping by -4.4% against the previous year. In general, consumption saw a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 8.2% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Refined Maize Oil Production in Bulgaria

In value terms, refined maize oil production fell slightly to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when the production volume increased by 11% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Refined Maize Oil Exports

Exports from Bulgaria

In 2021, after three years of growth, there was significant decline in shipments abroad of refined maize (corn) oil, when their volume decreased by -33.9% to X tons. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 16,996%. As a result, the exports reached the peak of X tons, and then fell markedly in the following year.

In value terms, refined maize oil exports skyrocketed to $X in 2021. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 2,965%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Greece (X tons) was the main destination for refined maize oil exports from Bulgaria, with a 100% share of total exports. It was followed by the Netherlands (X kg), with a 0.3% share of total exports.

From 2016 to 2021, the average annual rate of growth in terms of volume to Greece totaled +379.3%.

In value terms, Greece ($X) emerged as the key foreign market for refined maize (corn) oil exports from Bulgaria, comprising 100% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 0.2% share of total exports.

From 2016 to 2021, the average annual rate of growth in terms of value to Greece totaled +177.2%.

Export Prices by Country

The average refined maize oil export price stood at $X per ton in 2021, jumping by 112% against the previous year. Over the period under review, the export price, however, faced a significant decline. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

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

From 2016 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (-42.0%).

Refined Maize Oil Imports

Imports into Bulgaria

In 2021, overseas purchases of refined maize (corn) oil decreased by -70.8% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, saw a moderate increase. The most prominent rate of growth was recorded in 2020 when imports increased by 189%. As a result, imports attained the peak of X tons, and then contracted significantly in the following year.

In value terms, refined maize oil imports reduced remarkably to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 184%. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2021, Serbia (X tons) constituted the largest refined maize oil supplier to Bulgaria, accounting for a 55% share of total imports. Moreover, refined maize oil imports from Serbia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Serbia stood at -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+13.9% per year) and Italy (-8.9% per year).

In value terms, Serbia ($X), Turkey ($X) and Italy ($X) constituted the largest refined maize oil suppliers to Bulgaria, with a combined 99.9% share of total imports.

Turkey, with a CAGR of +13.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average refined maize oil import price stood at $X per ton in 2021, with an increase of 37% against the previous year. Overall, the import price, however, showed a noticeable descent. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+12.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined maize (corn) oil in the world?

The country with the largest volume of refined maize oil consumption was China, comprising approx. 18% of total volume. Moreover, refined maize oil consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 4% share.

What are the largest producers of refined maize (corn) oil in the world?

China remains the largest refined maize oil producing country worldwide, accounting for 19% of total volume. Moreover, refined maize oil production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 4.9% share.

What are the leading suppliers of refined maize (corn) oil to Bulgaria?

In value terms, the largest refined maize oil suppliers to Bulgaria were Serbia, Turkey and Italy.

What is the average export price for refined maize (corn) oil in Bulgaria?

The average refined maize oil export price stood at $1,501 per ton in 2021, surging by 4.4% against the previous year.

What is the average import price for refined maize (corn) oil in Bulgaria?

In 2021, the average refined maize oil import price amounted to $1,121 per ton, growing by 6.7% against the previous year.

This report provides an in-depth analysis of the refined maize 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:

Prodcom 10621460 - Refined maize (corn) oil and its fractions (excluding chemically modified)

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