Bulgaria: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Bulgaria

The Bulgarian market for organo-sulphur compounds and other organo-inorganic compounds skyrocketed to $X in 2022, growing by 47% 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 continues to indicate a remarkable increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports from Bulgaria

In 2022, shipments abroad of organo-sulphur compounds and other organo-inorganic compounds increased by 11% to X tons, rising for the fifth year in a row after two years of decline. The total export volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 29% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds skyrocketed to $X in 2022. Overall, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.6% against 2017 indices. The growth pace was the most rapid in 2014 when exports increased by 30% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

China (X tons) was the main destination for exports of organo-sulphur compounds and other organo-inorganic compounds from Bulgaria, with a 37% share of total exports. Moreover, exports of organo-sulphur compounds and other organo-inorganic compounds to China exceeded the volume sent to the second major destination, Sweden (X tons), threefold. South Korea (X tons) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+575.1% per year) and South Korea (-2.0% per year).

In value terms, China ($X) remains the key foreign market for organo-sulphur compounds and other organo-inorganic compounds exports from Bulgaria, comprising 40% of total exports. The second position in the ranking was held by South Korea ($X), with an 8.1% share of total exports. It was followed by Malaysia, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-0.7% per year) and Malaysia (+13.3% per year).

Export Prices by Country

In 2022, the average export price for organo-sulphur compounds and other organo-inorganic compounds amounted to $X per ton, picking up by 11% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Sweden ($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 Finland (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports into Bulgaria

In 2022, imports of organo-sulphur compounds and other organo-inorganic compounds into Bulgaria rose rapidly to X tons, picking up by 14% on 2021 figures. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 41%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds soared to $X in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.9% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of organo-sulphur compounds and other organo-inorganic compounds to Bulgaria, with a 51% share of total imports. Moreover, imports of organo-sulphur compounds and other organo-inorganic compounds from China exceeded the figures recorded by the second-largest supplier, Serbia (X tons), threefold. Malaysia (X tons) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+89.0% per year) and Malaysia (+14.0% per year).

In value terms, China ($X) constituted the largest supplier of organo-sulphur compounds and other organo-inorganic compounds to Bulgaria, comprising 40% of total imports. The second position in the ranking was taken by Serbia ($X), with a 15% share of total imports. It was followed by Germany, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+86.7% per year) and Germany (-3.6% per year).

Import Prices by Country

In 2022, the average import price for organo-sulphur compounds and other organo-inorganic compounds amounted to $X per ton, picking up by 31% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :