Bulgaria: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Bulgaria

The Bulgarian anti-freezing preparations market expanded notably to $X in 2021, surging by 7.3% against the previous year. Over the period under review, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.8% 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 +5.2% against 2018 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Anti-Freezing Preparations Production in Bulgaria

In value terms, anti-freezing preparations production reached $X in 2021 estimated in export price. Over the period under review, the total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +56.5% against 2013 indices. The growth pace was the most rapid in 2020 when the production volume increased by 17% against the previous year. Over the period under review, production attained the peak level in 2021 and is expected to retain growth in years to come.

Anti-Freezing Preparations Exports

Exports from Bulgaria

Anti-freezing preparations exports from Bulgaria expanded rapidly to X tons in 2021, growing by 6.4% against the year before. In general, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 86%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, anti-freezing preparations exports expanded modestly to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 45% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Romania (X tons), Algeria (X tons) and Greece (X tons) were the main destinations of anti-freezing preparations exports from Bulgaria, together accounting for 74% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +85.7%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Greece ($X) and Ukraine ($X) were the largest markets for anti-freezing preparations exported from Bulgaria worldwide, with a combined 73% share of total exports.

In terms of the main countries of destination, Greece, with a CAGR of +81.5%, saw 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

The average anti-freezing preparations export price stood at $X per ton in 2021, with a decrease of -4.3% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The growth pace was the most rapid in 2018 an increase of 26%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Serbia ($X per ton), while the average price for exports to Algeria ($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 Kosovo (+56.0%), while the prices for the other major destinations experienced mixed trend patterns.

Anti-Freezing Preparations Imports

Imports into Bulgaria

In 2021, anti-freezing preparations imports into Bulgaria expanded rapidly to X tons, increasing by 5.1% against 2020 figures. Overall, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 42%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, anti-freezing preparations imports soared to $X in 2021. Over the period under review, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of anti-freezing preparations imports to Bulgaria, with a combined 60% share of total imports. These countries were followed by the Czech Republic, Austria, Ukraine, Slovakia, Italy, Serbia, Greece and Romania, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +178.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest anti-freezing preparations suppliers to Bulgaria were Belgium ($X), Germany ($X) and Poland ($X), together comprising 65% of total imports. The Czech Republic, Italy, Slovakia, Ukraine, Serbia, Austria, Greece and Romania lagged somewhat behind, together accounting for a further 28%.

In terms of the main suppliers, Slovakia, with a CAGR of +105.4%, 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 anti-freezing preparations import price stood at $X per ton in 2021, rising by 28% against the previous year. Overall, the import price, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 43%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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