Bulgaria: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2024

Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Bulgaria

In 2021, the Bulgarian market for oleic, linoleic or linolenic acids, their salts and esters increased by 8,418% to $X, rising for the fifth consecutive year after two years of decline. Overall, consumption continues to indicate a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Bulgaria

In value terms, oleic, linoleic or linolenic acids production stood at $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. Over the period under review, production attained the peak level in 2021 and is likely to continue growth in the immediate term.

Exports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Exports from Bulgaria

In 2021, approx. X tons of oleic, linoleic or linolenic acids, their salts and esters were exported from Bulgaria; falling by -48.5% on the year before. In general, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 224%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, oleic, linoleic or linolenic acids exports dropped remarkably to $X in 2021. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 239% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Iran (X tons) was the main destination for oleic, linoleic or linolenic acids exports from Bulgaria, with a 97% share of total exports. It was followed by North Macedonia (X kg), with a 2.9% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of volume to Iran totaled -50.0%.

In value terms, Iran ($X) remains the key foreign market for oleic, linoleic or linolenic acids, their salts and esters exports from Bulgaria, comprising 95% of total exports. The second position in the ranking was held by North Macedonia ($X), with a 5.4% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of value to Iran amounted to -44.5%.

Export Prices by Country

The average export price for oleic, linoleic or linolenic acids, their salts and esters stood at $X per ton in 2021, rising by 14% against the previous year. Over the period under review, the export price, however, showed a mild contraction. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 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 North Macedonia ($X per ton), while the average price for exports to Iran totaled $X per ton.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+16.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Imports into Bulgaria

In 2021, imports of oleic, linoleic or linolenic acids, their salts and esters into Bulgaria skyrocketed to X tons, jumping by 16% on the previous year's figure. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 906%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, oleic, linoleic or linolenic acids imports surged to $X in 2021. In general, imports recorded strong growth. The growth pace was the most rapid in 2017 when imports increased by 727%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Belgium (X tons) was the main oleic, linoleic or linolenic acids supplier to Bulgaria, with a 92% share of total imports. Moreover, oleic, linoleic or linolenic acids imports from Belgium exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium stood at +158.6%.

In value terms, Belgium ($X) constituted the largest supplier of oleic, linoleic or linolenic acids, their salts and esters to Bulgaria, comprising 85% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Belgium stood at +152.3%.

Import Prices by Country

In 2021, the average import price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, with an increase of 26% against the previous year. Overall, the import price, however, showed a abrupt downturn. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 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 Italy ($X per ton), while the price for Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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