Bulgaria: Market for Acid And Mordant Dyes And Preparations Based Thereon 2024

Market Size for Acid And Mordant Dyes And Preparations Based Thereon in Bulgaria

The Bulgarian acid and mordant dye market skyrocketed to $X in 2021, picking up by 52% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a noticeable downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Bulgaria

In 2021, shipments abroad of acid and mordant dyes and preparations based thereon increased by 81% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports saw a remarkable increase. The pace of growth was the most pronounced in 2014 when exports increased by 396%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, acid and mordant dye exports surged to $X in 2021. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 1,012%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Russia (X tons), Iran (X tons) and Iraq (X kg) were the main destinations of acid and mordant dye exports from Bulgaria, with a combined 76% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of +2,007.7%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Iran ($X) and Iraq ($X) were the largest markets for acid and mordant dye exported from Bulgaria worldwide, together comprising 89% of total exports.

Iraq, with a CAGR of +1,184.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average acid and mordant dye export price amounted to $X per ton, picking up by 104% against the previous year. In general, the export price recorded a tangible increase. The most prominent rate of growth was recorded in 2017 an increase of 181%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: among the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Albania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+16.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into Bulgaria

In 2021, approx. X tons of acid and mordant dyes and preparations based thereon were imported into Bulgaria; with an increase of 93% against 2020. In general, imports, however, saw a abrupt curtailment. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, acid and mordant dye imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a perceptible reduction. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X tons), Belgium (X tons) and Austria (X tons) were the main suppliers of acid and mordant dye imports to Bulgaria, together accounting for 70% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +141.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of acid and mordant dyes and preparations based thereon to Bulgaria, comprising 35% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by Belgium, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.5% per year) and Belgium (+92.2% per year).

Import Prices by Country

The average acid and mordant dye import price stood at $X per ton in 2021, with a decrease of -26% against the previous year. Overall, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average import price increased by 23% against the previous year. The import price peaked at $X per ton in 2020, and then fell notably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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