Report Update Nov 1, 2024

Bulgaria - Oxides of Boron and Boric Acids - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Market for Oxides Of Boron and Boric Acids 2024

Market Size for Oxides Of Boron and Boric Acids in Bulgaria

The Bulgarian market for oxides of boron and boric acids soared to $X in 2021, increasing by 22% 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). In general, consumption showed a significant increase. Boron oxide and boric acid consumption peaked in 2021 and is expected to retain growth in years to come.

Exports of Oxides Of Boron and Boric Acids

Exports from Bulgaria

In 2021, shipments abroad of oxides of boron and boric acids increased by 8.5% to X tons, rising for the third year in a row after three years of decline. Overall, exports, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2015 when exports increased by 609%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, boron oxide and boric acid exports stood at $X in 2021. Over the period under review, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of 388%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Greece (X tons) and North Macedonia (X tons) were the main destinations of boron oxide and boric acid exports from Bulgaria.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of 0.0%).

In value terms, the largest markets for boron oxide and boric acid exported from Bulgaria were Greece ($X) and North Macedonia ($X).

Greece, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average export price for oxides of boron and boric acids stood at $X per ton in 2021, declining by -5.4% against the previous year. Overall, the export price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 25% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Greece ($X per ton), while the average price for exports to North Macedonia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (-3.6%).

Imports of Oxides Of Boron and Boric Acids

Imports into Bulgaria

For the fifth consecutive year, Bulgaria recorded growth in supplies from abroad of oxides of boron and boric acids, which increased by 35% to X tons in 2021. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 147% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, boron oxide and boric acid imports rose remarkably to $X in 2021. In general, imports posted significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 122% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) was the main boron oxide and boric acid supplier to Bulgaria, accounting for a 97% share of total imports. It was followed by Italy (X tons), with a 2.6% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +27.6%.

In value terms, Turkey ($X) constituted the largest supplier of oxides of boron and boric acids to Bulgaria, comprising 92% of total imports. The second position in the ranking was taken by Italy ($X), with a 6.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +24.5%.

Import Prices by Country

In 2021, the average import price for oxides of boron and boric acids amounted to $X per ton, falling by -18.7% against the previous year. Overall, the import price recorded a perceptible descent. The pace of growth was the most pronounced in 2020 when the average import price increased by 29% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Turkey stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-0.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for oxides of boron and boric acids in the world?

The countries with the highest volumes of in 2021 were Turkey, China and the United States, together accounting for 57% of global consumption.

What are the largest producers of oxides of boron and boric acids in the world?

The countries with the highest volumes of in 2021 were Turkey, the United States and Chile, with a combined 77% share of global production. Russia, Argentina, Peru and Luxembourg lagged somewhat behind, together comprising a further 20%.

What are the leading suppliers of oxides of boron and boric acids to Bulgaria?

In value terms, Turkey constituted the largest supplier of boron oxide and boric acid to Bulgaria, comprising 92% of total imports. The second position in the ranking was occupied by Italy, with a 6.7% share of total imports.

What are the leading importers of oxides of boron and boric acids from Bulgaria?

In value terms, Greece and North Macedonia were the largest markets for boron oxide and boric acid exported from Bulgaria worldwide.

What is the average export price for oxides of boron and boric acids in Bulgaria?

In 2021, the average export price for oxides of boron and boric acids amounted to $919 per ton, dropping by -5.4% against the previous year.

What is the average import price for oxides of boron and boric acids in Bulgaria?

The average import price for oxides of boron and boric acids stood at $782 per ton in 2021, with a decrease of -20.8% against the previous year.

This report provides an in-depth analysis of the market for boron oxide and boric acid 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 20132462 -
Prodcom 20132465 -

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