Bulgaria: Acyclic Hydrocarbons Derivatives Market 2024

Acyclic Hydrocarbons Derivatives Market Size in Bulgaria

The Bulgarian acyclic hydrocarbons derivatives market soared to $X in 2021, with an increase of 18% against the previous year. Overall, consumption, however, showed a slight contraction. Acyclic hydrocarbons derivatives consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Acyclic Hydrocarbons Derivatives Production in Bulgaria

In value terms, acyclic hydrocarbons derivatives production skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -19.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 43%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Acyclic Hydrocarbons Derivatives Exports

Exports from Bulgaria

In 2021, the amount of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons exported from Bulgaria soared to X tons, jumping by 118% on the previous year. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 434%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, acyclic hydrocarbons derivatives exports soared to $X in 2021. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2017 with an increase of 765% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Italy (X tons), Portugal (X tons) and Romania (X tons) were the main destinations of acyclic hydrocarbons derivatives exports from Bulgaria, with a combined 75% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +1,935.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Portugal ($X) and Italy ($X) appeared to be the largest markets for acyclic hydrocarbons derivatives exported from Bulgaria worldwide, together comprising 72% of total exports.

Among the main countries of destination, Portugal, with a CAGR of +1,316.4%, recorded 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

The average acyclic hydrocarbons derivatives export price stood at $X per ton in 2021, growing by 33% against the previous year. Over the period under review, the export price showed a mild expansion. The pace of growth was the most pronounced in 2017 an increase of 123% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Estonia ($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 Germany (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.

Acyclic Hydrocarbons Derivatives Imports

Imports into Bulgaria

In 2021, approx. X tons of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons were imported into Bulgaria; with a decrease of -8.2% against the year before. Over the period under review, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of 16%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, acyclic hydrocarbons derivatives imports surged to $X in 2021. In general, imports showed a abrupt setback. The growth pace was the most rapid in 2016 when imports increased by 44% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest acyclic hydrocarbons derivatives supplier to Bulgaria, with a 74% share of total imports. Moreover, acyclic hydrocarbons derivatives imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), ninefold. Italy (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+64.4% per year) and Italy (-11.3% per year).

In value terms, China ($X) constituted the largest supplier of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons to Bulgaria, comprising 51% of total imports. The second position in the ranking was held by Poland ($X), with a 17% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+75.5% per year) and Italy (-8.7% per year).

Import Prices by Country

In 2021, the average acyclic hydrocarbons derivatives import price amounted to $X per ton, surging by 54% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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