Bulgaria: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Bulgaria

After two years of growth, the Bulgarian ethylene-vinyl acetate copolymers market decreased by -25.7% to $X in 2022. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then declined dramatically in the following year.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from Bulgaria

For the third consecutive year, Bulgaria recorded decline in shipments abroad of ethylene-vinyl acetate copolymers in primary forms, which decreased by -59.2% to X tons in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 5,216% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, ethylene-vinyl acetate copolymers exports fell sharply to $X in 2022. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2016 with an increase of 4,132%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Iran (X tons) was the main destination for ethylene-vinyl acetate copolymers exports from Bulgaria, accounting for a 89% share of total exports. Moreover, ethylene-vinyl acetate copolymers exports to Iran exceeded the volume sent to the second major destination, Serbia (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iran totaled -12.3%.

In value terms, Iran ($X) remains the key foreign market for ethylene-vinyl acetate copolymers in primary forms exports from Bulgaria, comprising 89% of total exports. The second position in the ranking was taken by Serbia ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Iran amounted to -8.2%.

Export Prices by Country

The average ethylene-vinyl acetate copolymers export price stood at $X per ton in 2022, dropping by -8.5% against the previous year. In general, the export price recorded a mild decrease. The pace of growth appeared the most rapid in 2021 an increase of 21%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Iran amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into Bulgaria

In 2022, the amount of ethylene-vinyl acetate copolymers in primary forms imported into Bulgaria contracted dramatically to X tons, which is down by -41.4% compared with 2021. In general, imports saw a slight downturn. The growth pace was the most rapid in 2014 with an increase of 99%. Imports peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, ethylene-vinyl acetate copolymers imports shrank dramatically to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 73% against the previous year. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

Italy (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of ethylene-vinyl acetate copolymers imports to Bulgaria, with a combined 86% share of total imports. The Netherlands, China, Romania and Greece lagged somewhat behind, together comprising a further 9.1%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +82.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene-vinyl acetate copolymers suppliers to Bulgaria were Belgium ($X), Italy ($X) and Germany ($X), with a combined 88% share of total imports. The Netherlands, China, Romania and Greece lagged somewhat behind, together accounting for a further 7.1%.

China, with a CAGR of +67.9%, saw the highest growth rate of 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 ethylene-vinyl acetate copolymers import price amounted to $X per ton, jumping by 33% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethylene-vinyl acetate copolymers import price increased by +68.3% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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