Report Update Nov 1, 2024

Bulgaria - Iodine - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Iodine Market 2024

Iodine Market Size in Bulgaria

The Bulgarian iodine market skyrocketed to $X in 2022, increasing by 76% 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 enjoyed modest growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Iodine Exports

Exports from Bulgaria

In 2022, after two years of growth, there was significant decline in shipments abroad of iodine, when their volume decreased by -96.9% to X kg. Over the period under review, exports, however, enjoyed pronounced growth. The pace of growth appeared the most rapid in 2021 when exports increased by 8,645%. As a result, the exports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, iodine exports surged to $X in 2022. Overall, exports, however, showed a slight expansion. The pace of growth appeared the most rapid in 2021 with an increase of 189% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Moldova (X kg) was the main destination for iodine exports from Bulgaria, accounting for a 72% share of total exports. Moreover, iodine exports to Moldova exceeded the volume sent to the second major destination, North Macedonia (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Moldova totaled +1.8%.

In value terms, Moldova ($X) remains the key foreign market for iodine exports from Bulgaria, comprising 81% of total exports. The second position in the ranking was held by North Macedonia ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Moldova was relatively modest.

Export Prices by Country

In 2022, the average iodine export price amounted to $X per ton, surging by 4,352% against the previous year. Overall, the export price, however, recorded a noticeable downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to North Macedonia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+29.0%), while the prices for the other major destinations experienced a decline.

Iodine Imports

Imports into Bulgaria

In 2022, after two years of growth, there was significant decline in overseas purchases of iodine, when their volume decreased by -37.2% to X tons. Overall, imports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2020 when imports increased by 208%. Imports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, iodine imports surged to $X in 2022. Over the period under review, imports saw a slight downturn. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Germany (X kg) were the main suppliers of iodine imports to Bulgaria, together comprising 78% of total imports. The Czech Republic, Austria, Argentina, Italy and Poland lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +35.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iodine suppliers to Bulgaria were the Netherlands ($X), Belgium ($X) and Germany ($X), with a combined 79% share of total imports. The Czech Republic, Poland, Italy, Argentina and Austria lagged somewhat behind, together comprising a further 20%.

In terms of the main suppliers, Italy, with a CAGR of +40.4%, saw the highest growth rate of 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 iodine import price amounted to $X per ton, rising by 686% against the previous year. Over the period under review, the import price, however, showed a pronounced decline. Over the period under review, average import prices reached the maximum 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 Poland ($X per ton), while the price for Austria ($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 (+12.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iodine in the world?

The countries with the highest volumes of in 2021 were China, Japan and Norway, with a combined 41% share of global consumption. Chile, the United States, India, Italy, Germany, France, Brazil, the Netherlands and the UK lagged somewhat behind, together comprising a further 49%.

What are the largest producers of iodine in the world?

The country with the largest volume of iodine production was Chile, comprising approx. 59% of total volume. Moreover, iodine production in Chile exceeded the figures recorded by the second-largest producer, Japan, twofold. Belgium ranked third in terms of total production with a 4.5% share.

What are the leading suppliers of iodine to Bulgaria?

In value terms, Belgium constituted the largest supplier of iodine to Bulgaria, comprising 62% of total imports. The second position in the ranking was occupied by Poland, with a 26% share of total imports.

What is the average export price for iodine in Bulgaria?

The average iodine export price stood at $72,176 per ton in 2021, picking up by 2% against the previous year.

What is the average import price for iodine in Bulgaria?

In 2021, the average iodine import price amounted to $40,544 per ton, increasing by 4% against the previous year.

This report provides an in-depth analysis of the iodine 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:

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