Bulgaria: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Bulgaria

After three years of growth, the Bulgarian hydrogen peroxide market decreased by -36.9% to $X in 2022. In general, consumption, however, recorded a relatively flat trend pattern. Hydrogen peroxide consumption peaked at $X in 2021, and then declined markedly in the following year.

Hydrogen Peroxide Exports

Exports from Bulgaria

In 2022, shipments abroad of hydrogen peroxide was finally on the rise to reach X tons after two years of decline. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 719% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, hydrogen peroxide exports surged to $X in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 693% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Turkey (X tons) was the main destination for hydrogen peroxide exports from Bulgaria, with a 63% share of total exports. Moreover, hydrogen peroxide exports to Turkey exceeded the volume sent to the second major destination, Iran (X tons), fivefold. The third position in this ranking was held by Romania (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+227.6% per year) and Romania (+22.1% per year).

In value terms, Turkey ($X) remains the key foreign market for hydrogen peroxide exports from Bulgaria, comprising 61% of total exports. The second position in the ranking was taken by Iran ($X), with a 21% share of total exports. It was followed by Poland, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to +41.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+400.0% per year) and Poland (0.0% per year).

Export Prices by Country

In 2022, the average hydrogen peroxide export price amounted to $X per ton, picking up by 51% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydrogen peroxide export price increased by +112.3% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Greece ($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 Iran (+52.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Peroxide Imports

Imports into Bulgaria

In 2022, overseas purchases of hydrogen peroxide decreased by -9% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.9% 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 -20.8% against 2019 indices. The growth pace was the most rapid in 2019 when imports increased by 27% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, hydrogen peroxide imports skyrocketed to $X in 2022. Overall, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2019 when imports increased by 41% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

Germany (X tons), Austria (X tons) and Slovenia (X tons) were the main suppliers of hydrogen peroxide imports to Bulgaria, together accounting for 88% of total imports. Romania, Belgium, the Netherlands and Turkey lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +62.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Slovenia ($X) appeared to be the largest hydrogen peroxide suppliers to Bulgaria, together comprising 82% of total imports. Romania, Belgium, the Netherlands and Turkey lagged somewhat behind, together comprising a further 12%.

Romania, with a CAGR of +75.4%, recorded the highest rates of growth with regard to the value of imports, among 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 hydrogen peroxide import price amounted to $X per ton, increasing by 41% against the previous year. Over the period under review, the import price saw buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :