Report Update Nov 1, 2024

Bulgaria - Benzol (Benzene), Toluol (Toluene) and Xylol (Xylenes) - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Market for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) 2024

Market Size for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) in Bulgaria

After seven years of decline, the Bulgarian benzol, toluol and xylol market increased by 12% to $X in 2021. Over the period under review, consumption, however, showed a abrupt slump. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) in Bulgaria

In value terms, benzol, toluol and xylol production stood at $X in 2021 estimated in export price. Overall, production, however, showed a drastic downturn. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes)

Exports from Bulgaria

In 2021, the amount of benzol (benzene), toluol (toluene) and xylol (xylenes) exported from Bulgaria soared to X tons, growing by 16% on the year before. Overall, exports posted a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by 130%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, benzol, toluol and xylol exports soared to $X in 2021. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 137%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Greece (X tons) was the main destination for benzol, toluol and xylol exports from Bulgaria, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Greece totaled +13.2%.

In value terms, Greece ($X) also remains the key foreign market for benzol (benzene), toluol (toluene) and xylol (xylenes) exports from Bulgaria.

From 2012 to 2021, the average annual rate of growth in terms of value to Greece totaled +6.9%.

Export Prices by Country

In 2021, the average benzol, toluol and xylol export price amounted to $X per ton, increasing by 25% against the previous year. In general, the export price, however, showed a perceptible reduction. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Greece.

From 2012 to 2021, the rate of growth in terms of prices for Greece amounted to -5.6% per year.

Imports of Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes)

Imports into Bulgaria

In 2021, imports of benzol (benzene), toluol (toluene) and xylol (xylenes) into Bulgaria expanded rapidly to X tons, with an increase of 15% against the previous year's figure. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 195% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, benzol, toluol and xylol imports skyrocketed to $X in 2021. Overall, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 185% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Slovakia (X tons) constituted the largest supplier of benzol, toluol and xylol to Bulgaria, accounting for a 71% share of total imports. Moreover, benzol, toluol and xylol imports from Slovakia exceeded the figures recorded by the second-largest supplier, Hungary (X tons), fourfold. The third position in this ranking was taken by the Netherlands (X tons), with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Slovakia totaled +34.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+22.5% per year) and the Netherlands (+11.4% per year).

In value terms, Slovakia ($X) constituted the largest supplier of benzol (benzene), toluol (toluene) and xylol (xylenes) to Bulgaria, comprising 68% of total imports. The second position in the ranking was held by Hungary ($X), with a 20% share of total imports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Slovakia totaled +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+20.7% per year) and the Netherlands (+6.1% per year).

Import Prices by Country

The average benzol, toluol and xylol import price stood at $X per ton in 2021, picking up by 40% against the previous year. Over the period under review, the import price, however, showed a abrupt curtailment. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Romania ($X per ton), while the price for Slovakia ($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 (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for benzol (benzene), toluol (toluene) and xylol (xylenes) in the world?

The country with the largest volume of benzol, toluol and xylol consumption was China, accounting for 22% of total volume. Moreover, benzol, toluol and xylol consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 8.6% share.

What are the largest producers of benzol (benzene), toluol (toluene) and xylol (xylenes) in the world?

The countries with the highest volumes of benzol, toluol and xylol production in 2020 were China, the United States and Japan, with a combined 37% share of global production.

What are the leading suppliers of benzol (benzene), toluol (toluene) and xylol (xylenes) to Bulgaria?

In value terms, Slovakia constituted the largest supplier of benzol, toluol and xylol to Bulgaria, comprising 68% of total imports. The second position in the ranking was occupied by Hungary, with an 18% share of total imports.

What are the leading importers of benzol (benzene), toluol (toluene) and xylol (xylenes) from Bulgaria?

In value terms, Greece remains the key foreign market for benzol, toluol and xylol exports from Bulgaria.

What is the average export price for benzol (benzene), toluol (toluene) and xylol (xylenes) in Bulgaria?

The average benzol, toluol and xylol export price stood at $764 per ton in 2020, with a decrease of -7.5% against the previous year.

What is the average import price for benzol (benzene), toluol (toluene) and xylol (xylenes) in Bulgaria?

In 2020, the average benzol, toluol and xylol import price amounted to $574 per ton, with a decrease of -27.5% against the previous year.

This report provides an in-depth analysis of the market for benzol, toluol and xylol in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20147320 - Benzol (benzene), toluol (toluene) and xylol (xylenes)

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023