Bulgaria: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Bulgaria

The Bulgarian ketone and quinone market contracted to $X in 2021, waning by -12% 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). Over the period under review, consumption showed a perceptible curtailment. Ketone and quinone consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Ketone And Quinone Exports

Exports from Bulgaria

Ketone and quinone exports from Bulgaria soared to X tons in 2021, picking up by 53% on 2020 figures. Over the period under review, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2017 when exports increased by 145%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, ketone and quinone exports soared to $X in 2021. In general, exports, however, faced a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 182% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Greece (X tons) was the main destination for ketone and quinone exports from Bulgaria, accounting for a 83% share of total exports. Moreover, ketone and quinone exports to Greece exceeded the volume sent to the second major destination, Romania (X tons), more than tenfold. The third position in this ranking was taken by Italy (X tons), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece amounted to -14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-6.6% per year) and Italy (+7.0% per year).

In value terms, Greece ($X) remains the key foreign market for ketones and quinones exports from Bulgaria, comprising 77% of total exports. The second position in the ranking was held by Romania ($X), with a 7.3% share of total exports. It was followed by Italy, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value to Greece amounted to -22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-31.9% per year) and Italy (-3.9% per year).

Export Prices by Country

The average ketone and quinone export price stood at $X per ton in 2021, shrinking by -20.4% against the previous year. In general, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2013 an increase of 98% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to Italy ($X per ton) and Romania ($X per ton), while the average price for exports to Greece ($X per ton) and North Macedonia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (-9.7%), while the prices for the other major destinations experienced a decline.

Ketone And Quinone Imports

Imports into Bulgaria

In 2021, overseas purchases of ketones and quinones decreased by less than 0.1% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 50% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, ketone and quinone imports surged to $X in 2021. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 41% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest ketone and quinone supplier to Bulgaria, accounting for a 72% share of total imports. Moreover, ketone and quinone imports from Turkey exceeded the figures recorded by the second-largest supplier, Poland (X tons), sevenfold. The third position in this ranking was taken by Italy (X tons), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled +51.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+1.2% per year) and Italy (-12.3% per year).

In value terms, Turkey ($X) constituted the largest supplier of ketones and quinones to Bulgaria, comprising 54% of total imports. The second position in the ranking was taken by India ($X), with a 9.8% share of total imports. It was followed by Poland, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +48.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+40.1% per year) and Poland (-1.4% per year).

Import Prices by Country

In 2021, the average ketone and quinone import price amounted to $X per ton, with an increase of 20% against the previous year. In general, the import price, however, continues to indicate a deep downturn. The growth pace was the most rapid in 2020 an increase of 33%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+15.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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