Bulgaria: Ammonium Chloride Market 2024

Ammonium Chloride Market Size in Bulgaria

The Bulgarian ammonium chloride market skyrocketed to $X in 2021, jumping by 32% 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, the total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +23.6% against 2018 indices. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the near future.

Ammonium Chloride Exports

Exports from Bulgaria

In 2021, ammonium chloride exports from Bulgaria soared to X tons, rising by 215% against 2020. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 4,960% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, ammonium chloride exports surged to $X in 2021. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 9,481% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Greece (X tons) was the main destination for ammonium chloride exports from Bulgaria, accounting for a 84% share of total exports. Moreover, ammonium chloride exports to Greece exceeded the volume sent to the second major destination, Romania (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece amounted to +31.7%.

In value terms, Greece ($X) remains the key foreign market for ammonium chloride exports from Bulgaria, comprising 85% of total exports. The second position in the ranking was held by Romania ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Greece totaled +38.2%.

Export Prices by Country

The average ammonium chloride export price stood at $X per ton in 2021, growing by 23% against the previous year. In general, the export price, however, showed a slight setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by 90% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Romania totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+4.9%).

Ammonium Chloride Imports

Imports into Bulgaria

In 2021, approx. X tons of ammonium chloride were imported into Bulgaria; growing by 6.2% compared with the year before. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 29% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, ammonium chloride imports surged to $X in 2021. Over the period under review, imports posted a tangible increase. The pace of growth was the most pronounced in 2018 with an increase of 49% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and Cyprus (X tons) were the main suppliers of ammonium chloride imports to Bulgaria, together comprising 89% of total imports. Poland and Romania lagged somewhat behind, together accounting for a further 9.3%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +4.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of ammonium chloride to Bulgaria, comprising 47% of total imports. The second position in the ranking was taken by Cyprus ($X), with a 22% share of total imports. It was followed by China, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Cyprus (0.0% per year) and China (-2.4% per year).

Import Prices by Country

In 2021, the average ammonium chloride import price amounted to $X per ton, increasing by 34% against the previous year. In general, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ammonium chloride import price increased by +86.0% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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