Bulgaria: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Bulgaria

The Bulgarian cyclic hydrocarbons market fell to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Cyclic hydrocarbons consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Cyclic Hydrocarbons Production in Bulgaria

In value terms, cyclic hydrocarbons production fell slightly to $X in 2022 estimated in export price. In general, production, however, saw a deep contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Cyclic hydrocarbons production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Cyclic Hydrocarbons Exports

Exports from Bulgaria

In 2022, exports of cyclic hydrocarbons from Bulgaria expanded markedly to X tons, surging by X% compared with 2021. In general, exports enjoyed a mild expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, cyclic hydrocarbons exports reduced slightly to $X in 2022. Overall, exports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), Turkey (X tons) and Romania (X tons) were the main destinations of cyclic hydrocarbons exports from Bulgaria, together comprising X% of total exports.

From 2014 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Italy ($X) and Romania ($X) were the largest markets for cyclic hydrocarbons exported from Bulgaria worldwide, with a combined X% share of total exports.

Among the main countries of destination, Italy, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cyclic hydrocarbons export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price faced a abrupt contraction. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cyclic Hydrocarbons Imports

Imports into Bulgaria

In 2022, supplies from abroad of cyclic hydrocarbons decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2021, and then fell significantly in the following year.

In value terms, cyclic hydrocarbons imports rose modestly to $X in 2022. Over the period under review, imports recorded a mild decline. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Hungary (X tons), Russia (X tons) and Turkey (X tons) were the main suppliers of cyclic hydrocarbons imports to Bulgaria, with a combined X% share of total imports. Slovakia, Serbia, the Netherlands and Austria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Turkey ($X) and Russia ($X) appeared to be the largest cyclic hydrocarbons suppliers to Bulgaria, with a combined X% share of total imports. Slovakia, Serbia, the Netherlands and Austria lagged somewhat behind, together comprising a further X%.

Serbia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 cyclic hydrocarbons import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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