Bulgaria: Chemically Modified Oils Market 2025

Chemically Modified Oils Market Size in Bulgaria

The Bulgarian chemically modified oils market soared to $X in 2022, growing by 79% against the previous year. In general, consumption recorded a significant expansion. Chemically modified oils consumption peaked in 2022 and is expected to retain growth in the near future.

Chemically Modified Oils Production in Bulgaria

In value terms, chemically modified oils production fell slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 46% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Chemically Modified Oils Exports

Exports from Bulgaria

In 2022, approx. X tons of animal or vegetable fats and oils chemically modified were exported from Bulgaria; growing by 52% on 2021 figures. In general, exports posted significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 264% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, chemically modified oils exports surged to $X in 2022. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 215%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Greece (X tons), Slovakia (X tons) and Austria (X tons) were the main destinations of chemically modified oils exports from Bulgaria, with a combined 63% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +138.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chemically modified oils exported from Bulgaria were Greece ($X), Austria ($X) and Slovakia ($X), with a combined 66% share of total exports.

Among the main countries of destination, Greece, with a CAGR of +139.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chemically modified oils export price amounted to $X per ton, jumping by 25% against the previous year. Overall, the export price recorded slight growth. The most prominent rate of growth was recorded in 2021 an increase of 36% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Romania ($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 the Netherlands (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Chemically Modified Oils Imports

Imports into Bulgaria

In 2022, purchases abroad of animal or vegetable fats and oils chemically modified increased by 68% to X tons, rising for the eighth consecutive year after two years of decline. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 505%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, chemically modified oils imports soared to $X in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 609% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Romania (X tons), China (X tons) and Greece (X tons) were the main suppliers of chemically modified oils imports to Bulgaria, with a combined 98% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +165.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chemically modified oils suppliers to Bulgaria were Romania ($X), China ($X) and the Netherlands ($X), together comprising 98% of total imports.

China, with a CAGR of +233.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chemically modified oils import price stood at $X per ton in 2022, growing by 32% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 38% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per ton) and the Netherlands ($X per ton), while the price for Greece ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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