Bulgaria: Compound Plasticisers Market 2024

Compound Plasticisers Market Size in Bulgaria

In 2022, after two years of growth, there was significant decline in the Bulgarian compound plasticisers market, when its value decreased by X% to $X. In general, consumption recorded a deep contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Compound Plasticisers Exports

Exports from Bulgaria

In 2022, the amount of compound plasticisers for rubber or plastics exported from Bulgaria soared to X tons, increasing by X% compared with the previous year's figure. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, compound plasticisers exports skyrocketed to $X in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Iran (X tons) was the main destination for compound plasticisers exports from Bulgaria, accounting for a X% share of total exports. Moreover, compound plasticisers exports to Iran exceeded the volume sent to the second major destination, North Macedonia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iran stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Serbia (X% per year).

In value terms, Iran ($X) remains the key foreign market for compound plasticisers for rubber or plastics exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Iran amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Serbia (X% per year).

Export Prices by Country

In 2022, the average compound plasticisers export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price posted a strong increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Iran ($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 Iran (X%), while the prices for the other major destinations experienced more modest paces of growth.

Compound Plasticisers Imports

Imports into Bulgaria

In 2022, purchases abroad of compound plasticisers for rubber or plastics decreased by X% to X tons, falling for the second year in a row after five years of growth. Over the period under review, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, compound plasticisers imports contracted sharply to $X in 2022. Overall, imports saw a slight decline. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, Argentina (X tons) constituted the largest compound plasticisers supplier to Bulgaria, accounting for a X% share of total imports. Moreover, compound plasticisers imports from Argentina exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Turkey (X% per year).

In value terms, the largest compound plasticisers suppliers to Bulgaria were Argentina ($X), Germany ($X) and Italy ($X), together accounting for X% of total imports. Turkey, Greece and Hungary lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Hungary, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average compound plasticisers import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price showed a mild increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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