Bulgaria: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Bulgaria

The Bulgarian amine-function compounds market was estimated at $X in 2021, surging by 4.6% 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). The market value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Amine-function compounds consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Amine-Function Compounds Exports

Exports from Bulgaria

In 2021, approx. X tons of amine-function compounds were exported from Bulgaria; jumping by 294% against the previous year. Over the period under review, exports, however, showed a slight descent. The pace of growth appeared the most rapid in 2019 when exports increased by 683%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, amine-function compounds exports skyrocketed to $X in 2021. In general, exports, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2019 when exports increased by 292% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X tons), Latvia (X tons) and Iraq (X tons) were the main destinations of amine-function compounds exports from Bulgaria, together accounting for 82% of total exports. Iran, Greece, Romania and North Macedonia lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iran (with a CAGR of +165.6%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Iran ($X) and Iraq ($X) appeared to be the largest markets for amine-function compounds exported from Bulgaria worldwide, together accounting for 75% of total exports.

Iran, with a CAGR of +157.2%, recorded the highest growth rate of the value of exports, among 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 amine-function compounds export price amounted to $X per ton, falling by -26.1% against the previous year. Overall, the export price showed a pronounced shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by 62% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Latvia ($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 Romania (+30.5%), while the prices for the other major destinations experienced mixed trend patterns.

Amine-Function Compounds Imports

Imports into Bulgaria

In 2021, after two years of growth, there was significant decline in overseas purchases of amine-function compounds, when their volume decreased by -5% to X tons. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +4.8% against 2018 indices. The pace of growth appeared the most rapid in 2015 with an increase of 20%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, amine-function compounds imports rose rapidly to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 16%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of amine-function compounds to Bulgaria, with a 89% share of total imports. It was followed by Romania (X tons), with a 2.8% share of total imports. China (X tons) ranked third in terms of total imports with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +36.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+23.5% per year) and China (+10.7% per year).

In value terms, Germany ($X) constituted the largest supplier of amine-function compounds to Bulgaria, comprising 81% of total imports. The second position in the ranking was held by China ($X), with a 4.9% share of total imports. It was followed by France, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +27.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.9% per year) and France (+0.9% per year).

Import Prices by Country

In 2021, the average amine-function compounds import price amounted to $X per ton, rising by 19% against the previous year. In general, the import price, however, recorded a perceptible decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :