Bulgaria: Market for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function 2024

Market Size for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Bulgaria

In 2022, the Bulgarian market for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function decreased by -9.4% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2021, and then contracted in the following year.

Production of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Bulgaria

In value terms, butanal butanal and acyclic aldehydes production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.4% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 23%. Butanal butanal and acyclic aldehydes production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Exports from Bulgaria

Butanal butanal and acyclic aldehydes exports from Bulgaria soared to X tons in 2022, with an increase of 344% on 2021. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2018 with an increase of 5,294%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, butanal butanal and acyclic aldehydes exports soared to $X in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 8,190%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Iran (X tons) was the main destination for butanal butanal and acyclic aldehydes exports from Bulgaria, with a approx. 99.9% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of volume to Iran stood at -12.8%.

In value terms, Iran ($X) also remains the key foreign market for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function exports from Bulgaria.

From 2014 to 2022, the average annual growth rate of value to Iran totaled +9.9%.

Export Prices by Country

The average export price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function stood at $X per ton in 2022, surging by 46% against the previous year. In general, the export price enjoyed tangible growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 131% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2014 to 2022, the rate of growth in terms of prices for Iran amounted to +26.1% per year.

Imports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Imports into Bulgaria

Butanal butanal and acyclic aldehydes imports into Bulgaria reduced dramatically to X tons in 2022, which is down by -74.7% against the previous year. Over the period under review, imports saw a mild decline. The most prominent rate of growth was recorded in 2020 when imports increased by 151% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, butanal butanal and acyclic aldehydes imports plummeted to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 123%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of butanal butanal and acyclic aldehydes to Bulgaria, with a 88% share of total imports. Moreover, butanal butanal and acyclic aldehydes imports from Germany exceeded the figures recorded by the second-largest supplier, Romania (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (-13.4% per year) and Italy (+9.5% per year).

In value terms, Germany ($X) constituted the largest supplier of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function to Bulgaria, comprising 80% of total imports. The second position in the ranking was taken by Romania ($X), with a 6.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (-9.9% per year) and Italy (+22.1% per year).

Import Prices by Country

In 2022, the average import price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function amounted to $X per ton, growing by 70% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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