Bulgaria: Heterocyclic Compound Market 2024

Heterocyclic Compound Market Size in Bulgaria

The Bulgarian heterocyclic compound market fell notably to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a resilient increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Heterocyclic Compound Exports

Exports from Bulgaria

In 2022, the amount of heterocyclic compounds exported from Bulgaria fell sharply to X tons, waning by X% on 2021. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then shrank remarkably in the following year.

In value terms, heterocyclic compound exports contracted dramatically to $X in 2022. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Armenia (X tons) was the main destination for heterocyclic compound exports from Bulgaria, with a X% share of total exports. Moreover, heterocyclic compound exports to Armenia exceeded the volume sent to the second major destination, Germany (X kg), threefold. Serbia (X kg) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Armenia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Serbia (X% per year).

In value terms, the largest markets for heterocyclic compound exported from Bulgaria were Armenia ($X), Serbia ($X) and Russia ($X), together accounting for X% of total exports.

Serbia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average heterocyclic compound export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, faced a significant decrease. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X,096 per ton in 2012; however, from 2013 to 2022, 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 Russia ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (X%), while the prices for the other major destinations experienced a decline.

Heterocyclic Compound Imports

Imports into Bulgaria

In 2022, approx. X tons of heterocyclic compounds were imported into Bulgaria; dropping by X% on the year before. Overall, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, heterocyclic compound imports shrank to $X in 2022. In general, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest heterocyclic compound supplier to Bulgaria, accounting for a X% share of total imports. Moreover, heterocyclic compound imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Germany (X% per year).

In value terms, India ($X) constituted the largest supplier of heterocyclic compounds to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average heterocyclic compound import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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