Bulgaria: Alcohols Market 2021

Alcohols Market Size in Bulgaria

In 2020, the Bulgarian alcohols market decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, showed a tangible expansion. The growth pace was the most rapid in 2011 when the market value increased by X% y-o-y. Alcohols consumption peaked at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Alcohols Exports

Exports from Bulgaria

In 2020, the amount of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exported from Bulgaria declined dramatically to X tons, dropping by -X% on the year before. Over the period under review, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Exports peaked at X tons in 2009; however, from 2010 to 2020, exports failed to regain the momentum.

In value terms, alcohols exports dropped remarkably to $X in 2020. Overall, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2009 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Romania (X tons) was the main destination for alcohols exports from Bulgaria, with a X% share of total exports. Moreover, alcohols exports to Romania exceeded the volume sent to the second major destination, Greece (X tons), threefold. The third position in this ranking was occupied by Turkey (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Romania stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (-X% per year) and Turkey (-X% per year).

In value terms, Romania ($X) remains the key foreign market for alcohols exports from Bulgaria, comprising X% of total exports. The second position in the ranking was occupied by Greece ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Romania amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (-X% per year) and Italy (-X% per year).

Export Prices by Country

The average alcohols export price stood at $X per ton in 2020, leveling off at the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Italy ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced more modest paces of growth.

Alcohols Imports

Imports into Bulgaria

In 2020, supplies from abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by -X% to X tons for the first time since 2016, thus ending a three-year rising trend. In general, total imports indicated notable growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019, and then fell in the following year.

In value terms, alcohols imports declined sharply to $X in 2020. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, imports reached the peak of $X. from 2012 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Romania (X tons), Serbia (X tons) and Libya (X tons) were the main suppliers of alcohols imports to Bulgaria, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia, while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Turkey ($X) and Libya ($X) constituted the largest alcohols suppliers to Bulgaria, with a combined X% share of total imports. Serbia, Germany, Russia and Austria lagged somewhat behind, together accounting for a further X terms of the main suppliers, Serbia saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average alcohols import price stood at $X per ton in 2020, waning by -X% against the previous year. Over the period under review, the import price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :