Report Update Nov 1, 2024

Bulgaria - Other Cyclic Hydrocarbons - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Bulgaria

In 2021, the Bulgarian cyclic hydrocarbons market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, saw a slight reduction. Cyclic hydrocarbons consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Cyclic Hydrocarbons Production in Bulgaria

In value terms, cyclic hydrocarbons production expanded markedly to $X in 2021 estimated in export price. Overall, production, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2018 when the production volume increased by 59% against the previous year. Cyclic hydrocarbons production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Cyclic Hydrocarbons Exports

Exports from Bulgaria

In 2021, shipments abroad of other cyclic hydrocarbons decreased by 0% to X tons, falling for the third consecutive year after two years of growth. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 1,302%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, cyclic hydrocarbons exports stood at $X in 2021. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 1,586%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Iran (X tons) was the main destination for cyclic hydrocarbons exports from Bulgaria, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Iran was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Iran was relatively modest.

Export Prices by Country

In 2021, the average cyclic hydrocarbons export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 38%. The export price peaked in 2021 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Iran.

From 2012 to 2021, the rate of growth in terms of prices for the Netherlands amounted to +10.3% per year.

Cyclic Hydrocarbons Imports

Imports into Bulgaria

Cyclic hydrocarbons imports into Bulgaria contracted sharply to X kg in 2021, dropping by -70.7% against the previous year. Overall, imports faced a dramatic shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 518% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, cyclic hydrocarbons imports fell to $X in 2021. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 438%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X kg) constituted the largest cyclic hydrocarbons supplier to Bulgaria, accounting for a 45% share of total imports. Moreover, cyclic hydrocarbons imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X kg), twofold. Canada (X kg) ranked third in terms of total imports with a 20% share.

From 2012 to 2021, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-1.9% per year) and Canada (+41.2% per year).

In value terms, Germany ($X), Poland ($X) and Austria ($X) constituted the largest cyclic hydrocarbons suppliers to Bulgaria, with a combined 89% share of total imports.

Among the main suppliers, Austria, with a CAGR of +60.8%, 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 cyclic hydrocarbons import price stood at $X per ton in 2021, rising by 235% against the previous year. Over the period under review, the import price saw a significant increase. As a result, import price reached 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 2021, the country with the highest price was Poland ($X per ton), while the price for Canada ($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 (+43.2%), 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 other cyclic hydrocarbons in the world?

China constituted the country with the largest volume of cyclic hydrocarbons consumption, comprising approx. 21% of total volume. Moreover, cyclic hydrocarbons consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 7.2% share.

What are the largest producers of other cyclic hydrocarbons in the world?

China constituted the country with the largest volume of cyclic hydrocarbons production, comprising approx. 23% of total volume. Moreover, cyclic hydrocarbons production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Spain, with a 7.2% share.

What are the leading suppliers of other cyclic hydrocarbons to Bulgaria?

In value terms, the largest cyclic hydrocarbons suppliers to Bulgaria were China, Canada and Belgium, with a combined 90% share of total imports.

What are the leading importers of other cyclic hydrocarbons from Bulgaria?

In value terms, the Netherlands remains the key foreign market for cyclic hydrocarbons exports from Bulgaria, comprising 76% of total exports. The second position in the ranking was occupied by Denmark, with a 17% share of total exports.

What is the average export price for other cyclic hydrocarbons in Bulgaria?

The average cyclic hydrocarbons export price stood at $1,452 per ton in 2019, with an increase of 2% against the previous year.

What is the average import price for other cyclic hydrocarbons in Bulgaria?

The average cyclic hydrocarbons import price stood at $4,405 per ton in 2020, picking up by 5.1% against the previous year.

This report provides an in-depth analysis of the cyclic hydrocarbons 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:

Prodcom 20141290 - Other cyclic hydrocarbons

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