Bulgaria: Dicalcium Phosphate Market 2024

Dicalcium Phosphate Market Size in Bulgaria

In 2021, the Bulgarian dicalcium phosphate market increased by 21% to $X, rising for the third year in a row after two years of decline. In general, consumption enjoyed a significant increase. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in years to come.

Dicalcium Phosphate Production in Bulgaria

In value terms, dicalcium phosphate production totaled $X in 2021 estimated in export price. In general, production, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2015 when the production volume increased by 1.9%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Dicalcium Phosphate Exports

Exports from Bulgaria

Dicalcium phosphate exports from Bulgaria shrank rapidly to X tons in 2021, with a decrease of -79.9% against 2020. Overall, exports recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 2,171% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, dicalcium phosphate exports reduced remarkably to $X in 2021. In general, exports faced a sharp descent. The pace of growth appeared the most rapid in 2014 with an increase of 1,865% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Greece (X tons) was the main destination for dicalcium phosphate exports from Bulgaria, with a 85% share of total exports. Moreover, dicalcium phosphate exports to Greece exceeded the volume sent to the second major destination, Kazakhstan (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece amounted to -20.2%.

In value terms, Greece ($X) emerged as the key foreign market for calcium hydrogenorthophosphate (dicalcium phosphate) exports from Bulgaria, comprising 94% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 5.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Greece amounted to -16.7%.

Export Prices by Country

The average dicalcium phosphate export price stood at $X per ton in 2021, growing by 77% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dicalcium phosphate export price increased by +77.3% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Kazakhstan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+15.5%), while the prices for the other major destinations experienced mixed trend patterns.

Dicalcium Phosphate Imports

Imports into Bulgaria

In 2021, overseas purchases of calcium hydrogenorthophosphate (dicalcium phosphate) increased by 33% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed a temperate expansion. The pace of growth was the most pronounced in 2014 with an increase of 1,385% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, dicalcium phosphate imports soared to $X in 2021. In general, imports continue to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2014 with an increase of 604% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest dicalcium phosphate supplier to Bulgaria, accounting for a 76% share of total imports. Moreover, dicalcium phosphate imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. Austria (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +21.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.3% per year) and Austria (+26.8% per year).

In value terms, Turkey ($X) constituted the largest supplier of calcium hydrogenorthophosphate (dicalcium phosphate) to Bulgaria, comprising 44% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Austria, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.6% per year) and Austria (+27.8% per year).

Import Prices by Country

The average dicalcium phosphate import price stood at $X per ton in 2021, with a decrease of -7.8% against the previous year. Over the period under review, the import price continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2015 when the average import price increased by 285%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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