Report Update Nov 1, 2024

Bulgaria - Linseed Oil - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Bulgaria: Linseed Oil Market 2024

Linseed Oil Market Size in Bulgaria

The Bulgarian linseed oil market rose significantly to $X in 2022, picking up by 5.4% against the previous year. Overall, consumption continues to indicate a strong expansion. Linseed oil consumption peaked in 2022 and is expected to retain growth in the near future.

Linseed Oil Production in Bulgaria

In value terms, linseed oil production reduced to $X in 2022 estimated in export price. In general, production saw a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 239%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Linseed Oil Exports

Exports from Bulgaria

For the third consecutive year, Bulgaria recorded decline in overseas shipments of linseed oil, which decreased by -84.9% to X tons in 2022. Over the period under review, exports continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by 5,717%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, linseed oil exports contracted dramatically to $X in 2022. Overall, exports faced a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of 864%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Greece (X tons), Romania (X kg) and Georgia (X kg) were the main destinations of linseed oil exports from Bulgaria, with a combined 89% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of +1,026.9%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X) emerged as the key foreign market for linseed oil exports from Bulgaria, comprising 56% of total exports. The second position in the ranking was taken by Georgia ($X), with a 25% share of total exports. It was followed by Greece, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia stood at +59.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+717.6% per year) and Greece (+69.0% per year).

Export Prices by Country

The average linseed oil export price stood at $X per ton in 2022, rising by 45% against the previous year. In general, the export price, however, faced a deep setback. The pace of growth was the most pronounced in 2015 an increase of 136%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Greece ($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 Greece (+18.0%), while the prices for the other major destinations experienced a decline.

Linseed Oil Imports

Imports into Bulgaria

In 2022, supplies from abroad of linseed oil increased by 44% to X tons, rising for the fourth consecutive year after two years of decline. Overall, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 113%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, linseed oil imports surged to $X in 2022. Over the period under review, imports posted a mild expansion. The most prominent rate of growth was recorded in 2021 with an increase of 134%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Romania (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of linseed oil imports to Bulgaria, together comprising 89% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +36.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest linseed oil suppliers to Bulgaria were Romania ($X), the Netherlands ($X) and Germany ($X), together comprising 82% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +45.2%, recorded the highest rates of growth with regard to 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

The average linseed oil import price stood at $X per ton in 2022, with a decrease of -6.7% against the previous year. Overall, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 40%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece ($X per ton), while the price for Italy ($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 United States (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for linseed oil in the world?

China remains the largest linseed oil consuming country worldwide, comprising approx. 31% of total volume. Moreover, linseed oil consumption in China exceeded the figures recorded by the second-largest consumer, the Dominican Republic, threefold. The third position in this ranking was occupied by the United States, with an 8.2% share.

What are the largest producers of linseed oil in the world?

The countries with the highest volumes of linseed oil production in 2021 were China, Belgium and the Dominican Republic, with a combined 53% share of global production. The United States, Germany, India, Ethiopia, Russia, Kazakhstan, Afghanistan and Poland lagged somewhat behind, together comprising a further 36%.

What are the leading suppliers of linseed oil to Bulgaria?

In value terms, the largest linseed oil suppliers to Bulgaria were Germany, Belgium and Italy, with a combined 79% share of total imports.

What are the leading importers of linseed oil from Bulgaria?

In value terms, Romania remains the key foreign market for linseed oil exports from Bulgaria, comprising 52% of total exports. The second position in the ranking was occupied by Japan, with an 11% share of total exports. It was followed by Greece, with an 8.6% share.

What is the average export price for linseed oil in Bulgaria?

In 2021, the average linseed oil export price amounted to $2,590 per ton, dropping by -40.8% against the previous year.

What is the average import price for linseed oil in Bulgaria?

The average linseed oil import price stood at $1,691 per ton in 2021, which is down by -8% against the previous year.

This report provides an in-depth analysis of the linseed oil 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:

FCL 334 - Oil of Linseed

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