Report Update Nov 1, 2024

Bulgaria - Hydantoin and Its Derivatives - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Hydantoin Market 2024

Hydantoin Market Size in Bulgaria

The Bulgarian hydantoin market fell to $X in 2022, with a decrease of -8.9% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Hydantoin Production in Bulgaria

In value terms, hydantoin production declined slightly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 32%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Hydantoin Exports

Exports from Bulgaria

In 2022, exports of hydantoin and its derivatives from Bulgaria surged to X tons, jumping by 424% on the previous year's figure. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hydantoin exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for hydantoin exports from Bulgaria, accounting for a 66% share of total exports. Moreover, hydantoin exports to Russia exceeded the volume sent to the second major destination, Romania (X tons), twofold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Russia stood at +73.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+65.7% per year) and North Macedonia (+19.6% per year).

In value terms, Russia ($X) emerged as the key foreign market for hydantoin and its derivatives exports from Bulgaria, comprising 92% of total exports. The second position in the ranking was held by Romania ($X), with a 5.7% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Russia amounted to +73.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+39.5% per year) and North Macedonia (+42.4% per year).

Export Prices by Country

The average hydantoin export price stood at $X per ton in 2022, surging by 194% against the previous year. Overall, the export price, however, saw a noticeable reduction. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+19.0%), while the prices for the other major destinations experienced mixed trend patterns.

Hydantoin Imports

Imports into Bulgaria

For the fourth year in a row, Bulgaria recorded growth in purchases abroad of hydantoin and its derivatives, which increased by 40% to X tons in 2022. Over the period under review, imports saw strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 512% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, hydantoin imports rose remarkably to $X in 2022. Overall, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 397%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Slovenia (X tons), Italy (X tons) and Spain (X kg) were the main suppliers of hydantoin imports to Bulgaria, together comprising 99.9% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +22.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hydantoin suppliers to Bulgaria were Italy ($X), Slovenia ($X) and Spain ($X), together comprising 98% of total imports.

In terms of the main suppliers, Slovenia, with a CAGR of +23.3%, recorded the highest rates of growth with regard to the value of imports, 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 hydantoin import price amounted to $X per ton, falling by -19.8% against the previous year. Overall, the import price, however, showed a prominent increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 137%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Slovenia ($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 (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hydantoin and its derivatives in the world?

The countries with the highest volumes of in 2021 were China, the United States and Spain, with a combined 32% share of global consumption.

What are the largest producers of hydantoin and its derivatives in the world?

China remains the largest hydantoin producing country worldwide, comprising approx. 43% of total volume. Moreover, hydantoin production in China exceeded the figures recorded by the second-largest producer, India, fivefold. The third position in this ranking was occupied by the United States, with an 8% share.

What are the leading suppliers of hydantoin and its derivatives to Bulgaria?

In value terms, Spain, Italy and Greece appeared to be the largest hydantoin suppliers to Bulgaria, with a combined 87% share of total imports.

What are the leading importers of hydantoin and its derivatives from Bulgaria?

In value terms, Romania remains the key foreign market for hydantoin exports from Bulgaria, comprising 60% of total exports. The second position in the ranking was occupied by Croatia, with a 25% share of total exports. It was followed by North Macedonia, with an 8.1% share.

What is the average export price for hydantoin and its derivatives in Bulgaria?

The average hydantoin export price stood at $12,564 per ton in 2021, with an increase of 47% against the previous year.

What is the average import price for hydantoin and its derivatives in Bulgaria?

The average hydantoin import price stood at $7,500 per ton in 2021, jumping by 23% against the previous year.

This report provides an in-depth analysis of the hydantoin 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 21103140 - Hydantoin and its derivatives

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