Report Update Nov 1, 2024

Bulgaria - Double or Complex Silicates - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Bulgaria

In 2021, the Bulgarian double or complex silicates market decreased by -4.8% to $X, falling for the fourth year in a row after six years of growth. Over the period under review, consumption, however, showed a significant expansion. Double or complex silicates consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Exports of Double Or Complex Silicates

Exports from Bulgaria

In 2021, shipments abroad of double or complex silicates decreased by -75.8% to X tons, falling for the second year in a row after two years of growth. In general, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2015 when exports increased by 2,023%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, double or complex silicates exports shrank notably to $X in 2021. Over the period under review, exports recorded a abrupt descent. The growth pace was the most rapid in 2015 with an increase of 1,452%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Serbia (X tons) was the main destination for double or complex silicates exports from Bulgaria, accounting for a 63% share of total exports. Moreover, double or complex silicates exports to Serbia exceeded the volume sent to the second major destination, Armenia (X tons), fourfold. Romania (X tons) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume to Serbia stood at -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (0.0% per year) and Romania (-34.6% per year).

In value terms, Serbia ($X) remains the key foreign market for double or complex silicates exports from Bulgaria, comprising 61% of total exports. The second position in the ranking was taken by Armenia ($X), with a 13% share of total exports. It was followed by Albania, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Serbia totaled -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (0.0% per year) and Albania (+7.0% per year).

Export Prices by Country

The average double or complex silicates export price stood at $X per ton in 2021, growing by 15% against the previous year. In general, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Albania ($X per ton), while the average price for exports to Armenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Double Or Complex Silicates

Imports into Bulgaria

In 2021, supplies from abroad of double or complex silicates decreased by -7.2% to X tons, falling for the fourth year in a row after six years of growth. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 535%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, double or complex silicates imports shrank modestly to $X in 2021. Over the period under review, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 484%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Bosnia and Herzegovina (X tons) was the main supplier of double or complex silicates to Bulgaria, with a 95% share of total imports. It was followed by China (X tons), with a 2.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Bosnia and Herzegovina amounted to +125.9%.

In value terms, Bosnia and Herzegovina ($X) constituted the largest supplier of double or complex silicates to Bulgaria, comprising 84% of total imports. The second position in the ranking was held by China ($X), with a 6.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Bosnia and Herzegovina totaled +111.6%.

Import Prices by Country

In 2021, the average double or complex silicates import price amounted to $X per ton, rising by 3.3% against the previous year. In general, the import price, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2018 an increase of 15% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 China ($X per ton), while the price for Bosnia and Herzegovina stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+17.3%), 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 double or complex silicates in the world?

China remains the largest double or complex silicates consuming country worldwide, accounting for 25% of total volume. Moreover, double or complex silicates consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 9.4% share.

What are the largest producers of double or complex silicates in the world?

China constituted the country with the largest volume of double or complex silicates production, accounting for 27% of total volume. Moreover, double or complex silicates production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with an 8.9% share.

What are the leading suppliers of double or complex silicates to Bulgaria?

In value terms, Bosnia and Herzegovina constituted the largest supplier of double or complex silicates to Bulgaria, comprising 84% of total imports. The second position in the ranking was occupied by China, with a 6.6% share of total imports.

What are the leading importers of double or complex silicates from Bulgaria?

In value terms, Serbia remains the key foreign market for double or complex silicates exports from Bulgaria, comprising 61% of total exports. The second position in the ranking was occupied by Armenia, with a 13% share of total exports. It was followed by Albania, with a 13% share.

What is the average export price for double or complex silicates in Bulgaria?

The average double or complex silicates export price stood at $1,424 per ton in 2021, picking up by 15% against the previous year.

What is the average import price for double or complex silicates in Bulgaria?

The average double or complex silicates import price stood at $542 per ton in 2021, increasing by 3.3% against the previous year.

This report provides an in-depth analysis of the market for double or complex silicates 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 20136270 - Double or complex silicates

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
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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