Bulgaria: Market for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) 2024

Market Size for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in Bulgaria

The Bulgarian cyclanes, cyclenes and cycloterpenes market declined to $X in 2021, waning by -10.1% against the previous year. Over the period under review, consumption recorded a abrupt shrinkage. Cyclanes, cyclenes and cycloterpenes consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in Bulgaria

In value terms, cyclanes, cyclenes and cycloterpenes production dropped to $X in 2021 estimated in export price. Over the period under review, production showed a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 30%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports from Bulgaria

In 2021, the amount of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) exported from Bulgaria contracted remarkably to X kg, shrinking by -98.8% compared with 2020. In general, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 19,916%. As a result, the exports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, cyclanes, cyclenes and cycloterpenes exports reduced remarkably to $X in 2021. Overall, exports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 20,908%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X kg) was the main destination for cyclanes, cyclenes and cycloterpenes exports from Bulgaria, with a approx. 100% share of total exports.

From 2014 to 2021, the average annual rate of growth in terms of volume to Greece stood at +20.6%.

In value terms, Greece ($X) emerged as the key foreign market for cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) exports from Bulgaria.

From 2014 to 2021, the average annual growth rate of value to Greece amounted to +25.5%.

Export Prices by Country

In 2021, the average cyclanes, cyclenes and cycloterpenes export price amounted to $X per ton, growing by 4.7% against the previous year. In general, the export price, however, continues to indicate a sharp decrease. The growth pace was the most rapid in 2018 when the average export price increased by 12% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 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 2014 to 2021, the rate of growth in terms of prices for Greece amounted to +4.1% per year.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports into Bulgaria

In 2021, overseas purchases of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) were finally on the rise to reach X tons after two years of decline. In general, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 140% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, cyclanes, cyclenes and cycloterpenes imports surged to $X in 2021. Overall, imports enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2014 with an increase of 129% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of cyclanes, cyclenes and cycloterpenes to Bulgaria, accounting for a 78% share of total imports. Moreover, cyclanes, cyclenes and cycloterpenes imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold. The third position in this ranking was held by the Netherlands (X tons), with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +34.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+119.3% per year) and the Netherlands (-27.8% per year).

In value terms, Germany ($X) constituted the largest supplier of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) to Bulgaria, comprising 84% of total imports. The second position in the ranking was taken by Belgium ($X), with a 5.9% share of total imports. It was followed by the Netherlands, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +29.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+54.8% per year) and the Netherlands (-23.6% per year).

Import Prices by Country

In 2021, the average cyclanes, cyclenes and cycloterpenes import price amounted to $X per ton, increasing by 42% against the previous year. In general, the import price, however, recorded a slight decrease. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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