Report Update Nov 1, 2024

Bulgaria - Borates - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Borates Market 2024

Borates Market Size in Bulgaria

In 2022, the Bulgarian borates market decreased by -16% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +29.3% against 2019 indices. Over the period under review, the market hit record highs at $X in 2021, and then contracted remarkably in the following year.

Borates Exports

Exports from Bulgaria

Borates exports from Bulgaria skyrocketed to X tons in 2022, picking up by 1,771% on the previous year. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, borates exports surged to $X in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iran (X tons) was the main destination for borates exports from Bulgaria, accounting for a 84% share of total exports. Moreover, borates exports to Iran exceeded the volume sent to the second major destination, Turkey (X tons), more than tenfold. North Macedonia (X tons) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume to Iran amounted to +6,842.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and North Macedonia (-0.6% per year).

In value terms, Iran ($X) emerged as the key foreign market for borates exports from Bulgaria, comprising 90% of total exports. The second position in the ranking was held by Turkey ($X), with a 2.7% share of total exports. It was followed by North Macedonia, with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iran amounted to +1,577.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and North Macedonia (-4.8% per year).

Export Prices by Country

In 2022, the average borates export price amounted to $X per ton, rising by 5.1% against the previous year. Overall, the export price, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 40% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Turkey ($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 Romania (-2.2%), while the prices for the other major destinations experienced a decline.

Borates Imports

Imports into Bulgaria

After two years of growth, overseas purchases of borates decreased by -10.2% to X tons in 2022. In general, imports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2013 when imports increased by 54% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted in the following year.

In value terms, borates imports surged to $X in 2022. Over the period under review, imports, however, posted a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of borates to Bulgaria, with a 78% share of total imports. Moreover, borates imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was taken by Romania (X tons), with a 0.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.8% per year) and Romania (-38.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of borates to Bulgaria, comprising 63% of total imports. The second position in the ranking was taken by Italy ($X), with a 5.7% share of total imports. It was followed by Germany, with a 0.7% share.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.6% per year) and Germany (-16.4% per year).

Import Prices by Country

The average borates import price stood at $X per ton in 2022, rising by 64% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached 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 Germany ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for borates in the world?

The countries with the highest volumes of in 2021 were China, Turkey and the United States, together accounting for 55% of global consumption. Kazakhstan, India, Brazil, Chile, Germany, Taiwan Chinese) and Malaysia lagged somewhat behind, together accounting for a further 26%.

What are the largest producers of borates in the world?

The countries with the highest volumes of in 2021 were Turkey, the United States and Kazakhstan, with a combined 72% share of global production. China, Bolivia, Chile and Argentina lagged somewhat behind, together comprising a further 24%.

What are the leading suppliers of borates to Bulgaria?

In value terms, Turkey constituted the largest supplier of borates to Bulgaria, comprising 89% of total imports. The second position in the ranking was occupied by Italy, with a 5.4% share of total imports.

What are the leading importers of borates from Bulgaria?

In value terms, North Macedonia and Greece were the largest markets for borates exported from Bulgaria worldwide.

What is the average export price for borates in Bulgaria?

In 2021, the average borates export price amounted to $831 per ton, rising by 9.4% against the previous year.

What is the average import price for borates in Bulgaria?

In 2021, the average borates import price amounted to $734 per ton, waning by -11.5% against the previous year.

This report provides an in-depth analysis of the borates market 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 20136230 - Borates, peroxoborates (perborates)

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:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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