Bulgaria: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in Bulgaria

The Bulgarian iodine, fluorine and bromine market fell notably to $X in 2021, with a decrease of -63.7% against the previous year. In general, consumption recorded a deep setback. As a result, consumption attained the peak level of $X, and then fell markedly in the following year.

Production of Iodine, Fluorine And Bromine in Bulgaria

In value terms, iodine, fluorine and bromine production totaled less than $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with a decrease of 99.9%. Iodine, fluorine and bromine production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Iodine, Fluorine And Bromine

Exports from Bulgaria

In 2021, approx. X tons of iodine, fluorine and bromine were exported from Bulgaria; rising by 6,727% on the year before. In general, exports continue to indicate a significant increase. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, iodine, fluorine and bromine exports surged to $X in 2021. Overall, exports, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2018 when exports increased by 1,816% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Greece (X tons) was the main destination for iodine, fluorine and bromine exports from Bulgaria, accounting for a 98% share of total exports. It was followed by Moldova (X kg), with a 1.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece amounted to -7.8%.

In value terms, the largest markets for iodine, fluorine and bromine exported from Bulgaria were Moldova ($X) and Greece ($X).

Among the main countries of destination, Greece, with a CAGR of +1.1%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the average iodine, fluorine and bromine export price amounted to $X per ton, reducing by -95.8% against the previous year. Overall, the export price faced a dramatic slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by 834%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Greece stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+9.6%), while the prices for the other major destinations experienced a decline.

Imports of Iodine, Fluorine And Bromine

Imports into Bulgaria

In 2021, the amount of iodine, fluorine and bromine imported into Bulgaria declined slightly to X tons, remaining stable against the previous year's figure. Overall, imports, however, showed noticeable growth. The pace of growth was the most pronounced in 2013 with an increase of 308% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, iodine, fluorine and bromine imports dropped markedly to $X in 2021. Over the period under review, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 236% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Greece (X tons) constituted the largest supplier of iodine, fluorine and bromine to Bulgaria, with a 84% share of total imports. Moreover, iodine, fluorine and bromine imports from Greece exceeded the figures recorded by the second-largest supplier, Belgium (X kg), ninefold. The third position in this ranking was held by Poland (X kg), with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume from Greece was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-13.8% per year) and Poland (-3.8% per year).

In value terms, Belgium ($X) constituted the largest supplier of iodine, fluorine and bromine to Bulgaria, comprising 59% of total imports. The second position in the ranking was taken by Poland ($X), with a 25% share of total imports. It was followed by Germany, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from Belgium amounted to -15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-4.7% per year) and Germany (-25.3% per year).

Import Prices by Country

The average iodine, fluorine and bromine import price stood at $X per ton in 2021, declining by -80.2% against the previous year. In general, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 276% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Greece ($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 (+9.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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