Bulgaria: Organo-Inorganic Compounds Market 2024

Organo-Inorganic Compounds Market Size in Bulgaria

In 2021, the Bulgarian organo-inorganic compounds market decreased by -17.7% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, recorded a resilient expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Organo-Inorganic Compounds Exports

Exports from Bulgaria

In 2021, approx. X tons of organo-inorganic compounds (excluding organo-sulphur compounds) were exported from Bulgaria; rising by 61% compared with the year before. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 9,954%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, organo-inorganic compounds exports skyrocketed to $X in 2021. In general, exports continue to indicate a modest expansion. The growth pace was the most rapid in 2019 with an increase of 50,752% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Greece (X tons) was the main destination for organo-inorganic compounds exports from Bulgaria, accounting for a 71% share of total exports. Moreover, organo-inorganic compounds exports to Greece exceeded the volume sent to the second major destination, Serbia (X tons), fourfold. The third position in this ranking was taken by Romania (X tons), with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+26.7% per year) and Romania (-15.3% per year).

In value terms, Greece ($X) remains the key foreign market for organo-inorganic compounds (excluding organo-sulphur compounds) exports from Bulgaria, comprising 73% of total exports. The second position in the ranking was taken by Serbia ($X), with a 13% share of total exports. It was followed by Romania, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Greece amounted to +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+12.7% per year) and Romania (-8.3% per year).

Export Prices by Country

The average organo-inorganic compounds export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the export price showed a modest expansion. The growth pace was the most rapid in 2019 when the average export price increased by 406% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Serbia ($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 Croatia (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Organo-Inorganic Compounds Imports

Imports into Bulgaria

In 2021, supplies from abroad of organo-inorganic compounds (excluding organo-sulphur compounds) decreased by -35.3% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 87%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, organo-inorganic compounds imports rose remarkably to $X in 2021. Over the period under review, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.1% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 65% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), India (X tons) and Germany (X tons) were the main suppliers of organo-inorganic compounds imports to Bulgaria, together comprising 80% of total imports. The Netherlands, South Korea, Poland and France lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +55.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Netherlands ($X) and Poland ($X) appeared to be the largest organo-inorganic compounds suppliers to Bulgaria, with a combined 57% share of total imports.

Poland, with a CAGR of +88.0%, recorded 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

In 2021, the average organo-inorganic compounds import price amounted to $X per ton, surging by 70% against the previous year. Over the period under review, the import price, however, showed a noticeable shrinkage. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Poland ($X per ton), while the price for India ($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 (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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