Bulgaria: Market for Organic Surface Active Agents 2024

Market Size for Organic Surface Active Agents in Bulgaria

In 2021, the Bulgarian organic surface active agent market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Organic surface active agent consumption peaked in 2021 and is expected to retain growth in years to come.

Exports of Organic Surface Active Agents

Exports from Bulgaria

In 2021, the amount of organic surface active agents exported from Bulgaria shrank notably to X tons, which is down by -65.7% on the previous year's figure. Over the period under review, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by 207% against the previous year. As a result, the exports reached the peak of X tons, and then contracted sharply in the following year.

In value terms, organic surface active agent exports dropped markedly to $X in 2021. In general, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 175% against the previous year. As a result, the exports reached the peak of $X, and then contracted markedly in the following year.

Exports by Country

Greece (X tons) was the main destination for organic surface active agent exports from Bulgaria, accounting for a 59% share of total exports. Moreover, organic surface active agent exports to Greece exceeded the volume sent to the second major destination, North Macedonia (X tons), fourfold. The third position in this ranking was taken by Syrian Arab Republic (X tons), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece amounted to +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+25.7% per year) and Syrian Arab Republic (-2.4% per year).

In value terms, Greece ($X) remains the key foreign market for organic surface active agents exports from Bulgaria, comprising 61% of total exports. The second position in the ranking was held by North Macedonia ($X), with an 8.9% share of total exports. It was followed by Italy, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value to Greece stood at +21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+18.3% per year) and Italy (+1.2% per year).

Export Prices by Country

The average organic surface active agent export price stood at $X per ton in 2021, with an increase of 33% against the previous year. Overall, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, organic surface active agent export price increased by +60.3% against 2016 indices. The pace of growth was the most pronounced in 2014 an increase of 35% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organic Surface Active Agents

Imports into Bulgaria

Organic surface active agent imports into Bulgaria fell to X tons in 2021, waning by -7.9% against the previous year's figure. The total import volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 28% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then declined in the following year.

In value terms, organic surface active agent imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 31% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Greece (X tons) and Italy (X tons) were the main suppliers of organic surface active agent imports to Bulgaria, with a combined 72% share of total imports. Poland, Turkey, Spain and the Czech Republic lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +29.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Greece ($X) and Italy ($X) appeared to be the largest organic surface active agent suppliers to Bulgaria, together accounting for 69% of total imports. These countries were followed by Poland, Turkey, Spain and the Czech Republic, which together accounted for a further 16%.

Spain, with a CAGR of +28.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average organic surface active agent import price stood at $X per ton in 2021, growing by 18% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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