Bulgaria: Market for Ammonia In Aqueous Solution 2024

Market Size for Ammonia In Aqueous Solution in Bulgaria

The Bulgarian ammonia in aqueous solution market reduced dramatically to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, showed a moderate expansion. As a result, consumption attained the peak level of $X, and then contracted remarkably in the following year.

Production of Ammonia In Aqueous Solution in Bulgaria

In value terms, ammonia in aqueous solution production shrank to $X in 2022 estimated in export price. In general, production recorded a perceptible setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Ammonia In Aqueous Solution

Exports from Bulgaria

In 2022, overseas shipments of ammonia in aqueous solution increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, ammonia in aqueous solution exports surged to $X in 2022. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Romania (X tons), Greece (X tons) and Italy (X tons) were the main destinations of ammonia in aqueous solution exports from Bulgaria, with a combined X% share of total exports. Serbia and Slovakia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of X.3%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual rate of growth in terms 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 ammonia in aqueous solution export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, 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 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ammonia In Aqueous Solution

Imports into Bulgaria

In 2022, the amount of ammonia in aqueous solution imported into Bulgaria fell to X tons, flattening at the previous year's figure. Overall, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, leveling off in the following year.

In value terms, ammonia in aqueous solution imports reached $X in 2022. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Romania (X tons) was the main ammonia in aqueous solution supplier to Bulgaria, with a X% share of total imports. It was followed by Italy (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Romania amounted to X%.

In value terms, Romania ($X) constituted the largest supplier of ammonia in aqueous solution to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Romania stood at X%.

Import Prices by Country

In 2022, the average ammonia in aqueous solution import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Romania totaled $X per ton.

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

Source: IndexBox Platform

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