Report Update Nov 1, 2024

Bulgaria - Diazo-, Azo- or Azoxy-Compounds - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in Bulgaria

In 2022, the Bulgarian azo- or azoxy-compounds market increased by 7.6% to $X, rising for the second year in a row after six years of decline. Over the period under review, consumption, however, showed a abrupt slump. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Azo- Or Azoxy-Compounds Exports

Exports from Bulgaria

In 2022, after two years of decline, there was significant decline in overseas shipments of diazo-, azo- or azoxy-compounds, when their volume decreased by -79.2% to X kg. Over the period under review, exports, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2019 with an increase of 31%. The exports peaked at X tons in 2021, and then contracted notably in the following year.

In value terms, azo- or azoxy-compounds exports contracted remarkably to $X in 2022. In general, exports, however, showed buoyant growth. The smallest decline of -22.3% was in 2019. The exports peaked at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

Greece (X kg) was the main destination for azo- or azoxy-compounds exports from Bulgaria, with a 91% share of total exports. Moreover, azo- or azoxy-compounds exports to Greece exceeded the volume sent to the second major destination, Iran (X kg), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Greece totaled +268.4%.

In value terms, the largest markets for azo- or azoxy-compounds exported from Bulgaria were Greece ($X) and Iran ($X).

Greece, with a CAGR of +392.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average azo- or azoxy-compounds export price amounted to $X per ton, declining by -50.1% against the previous year. Over the period under review, the export price, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 4.8% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then shrank significantly in the following year.

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 Iran ($X per ton), while the average price for exports to Greece totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+33.7%), while the prices for the other major destinations experienced more modest paces of growth.

Azo- Or Azoxy-Compounds Imports

Imports into Bulgaria

In 2022, approx. X tons of diazo-, azo- or azoxy-compounds were imported into Bulgaria; with a decrease of -21.4% against the year before. Overall, imports faced a abrupt contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 82% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, azo- or azoxy-compounds imports reduced rapidly to $X in 2022. In general, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 214%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X kg), Germany (X kg) and Italy (X kg) were the main suppliers of azo- or azoxy-compounds imports to Bulgaria, together accounting for 97% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +22.8%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of diazo-, azo- or azoxy-compounds to Bulgaria, comprising 55% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports. It was followed by Italy, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-24.3% per year) and Italy (+16.3% per year).

Import Prices by Country

The average azo- or azoxy-compounds import price stood at $X per ton in 2022, declining by -33.3% against the previous year. In general, the import price saw a perceptible decrease. The pace of growth appeared the most rapid in 2021 an increase of 81% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Belgium ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for diazo-, azo- or azoxy-compounds in the world?

China constituted the country with the largest volume of azo- or azoxy-compounds consumption, comprising approx. 22% of total volume. Moreover, azo- or azoxy-compounds consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 6% share.

What are the largest producers of diazo-, azo- or azoxy-compounds in the world?

China remains the largest azo- or azoxy-compounds producing country worldwide, accounting for 58% of total volume. Moreover, azo- or azoxy-compounds production in China exceeded the figures recorded by the second-largest producer, Indonesia, sixfold. India ranked third in terms of total production with a 9.5% share.

What are the leading suppliers of diazo-, azo- or azoxy-compounds to Bulgaria?

In value terms, Germany, Belgium and China were the largest azo- or azoxy-compounds suppliers to Bulgaria.

What is the average export price for diazo-, azo- or azoxy-compounds in Bulgaria?

The average azo- or azoxy-compounds export price stood at $24,467 per ton in 2021, stabilizing at the previous year.

What is the average import price for diazo-, azo- or azoxy-compounds in Bulgaria?

In 2021, the average azo- or azoxy-compounds import price amounted to $4,618 per ton, rising by 26% against the previous year.

This report provides an in-depth analysis of the azo- or azoxy-compounds market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20144420 - Diazo-, azo- or azoxy-compounds

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023