Bulgaria: Market for Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites 2024

Market Size for Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites in Bulgaria

The Bulgarian hypochlorites, chlorites and hypobromites market soared to $X in 2022, rising by 20% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites in Bulgaria

In value terms, hypochlorites, chlorites and hypobromites production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites

Exports from Bulgaria

After two years of growth, overseas shipments of hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites decreased by -39.4% to X tons in 2022. Over the period under review, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 154% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, hypochlorites, chlorites and hypobromites exports shrank dramatically to $X in 2022. Overall, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by 94%. The exports peaked at $X in 2021, and then declined dramatically in the following year.

Exports by Country

Greece (X tons) was the main destination for hypochlorites, chlorites and hypobromites exports from Bulgaria, accounting for a 41% share of total exports. Moreover, hypochlorites, chlorites and hypobromites exports to Greece exceeded the volume sent to the second major destination, Ukraine (X tons), threefold. Russia (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece stood at +31.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-6.7% per year) and Russia (+41.4% per year).

In value terms, Greece ($X) remains the key foreign market for hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites exports from Bulgaria, comprising 44% of total exports. The second position in the ranking was held by Ukraine ($X), with a 13% share of total exports. It was followed by Russia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Greece stood at +49.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-3.9% per year) and Russia (+52.2% per year).

Export Prices by Country

The average hypochlorites, chlorites and hypobromites export price stood at $X per ton in 2022, with an increase of 17% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hypochlorites, chlorites and hypobromites export price increased by +72.9% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 28% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Belarus ($X per ton) and Greece ($X per ton), while the average price for exports to Hungary ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites

Imports into Bulgaria

Hypochlorites, chlorites and hypobromites imports into Bulgaria shrank slightly to X tons in 2022, waning by -4.3% on the previous year's figure. Overall, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2017 with an increase of 50% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, hypochlorites, chlorites and hypobromites imports surged to $X in 2022. In general, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 39%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Turkey (X tons), Romania (X tons) and Hungary (X tons) were the main suppliers of hypochlorites, chlorites and hypobromites imports to Bulgaria, together comprising 96% of total imports. These countries were followed by Greece, which accounted for a further 3.2%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +45.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites to Bulgaria, comprising 58% of total imports. The second position in the ranking was held by Romania ($X), with a 29% share of total imports. It was followed by Hungary, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled +30.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+12.3% per year) and Hungary (+45.0% per year).

Import Prices by Country

In 2022, the average hypochlorites, chlorites and hypobromites import price amounted to $X per ton, jumping by 38% against the previous year. Overall, the import price continues to indicate a resilient expansion. As a result, import price attained 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 Turkey ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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