Bulgaria: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Bulgaria

In 2021, the Bulgarian oxygen-function amino-compound market decreased by -9.8% to $X for the first time since 2018, thus ending a two-year rising trend. In general, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +24.9% against 2013 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Oxygen-Function Amino-Compound Production in Bulgaria

In value terms, oxygen-function amino-compound production declined to $X in 2021 estimated in export price. In general, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +46.0% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 37% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

Oxygen-Function Amino-Compound Exports

Exports from Bulgaria

In 2021, after three years of decline, there was significant growth in shipments abroad of oxygen-function amino-compounds, when their volume increased by 7.4% to X tons. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 170% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, oxygen-function amino-compound exports reduced sharply to $X in 2021. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 86% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Romania (X tons), Greece (X tons) and Croatia (X tons) were the main destinations of oxygen-function amino-compound exports from Bulgaria, together accounting for 90% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +82.5%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Greece ($X) and Poland ($X) appeared to be the largest markets for oxygen-function amino-compound exported from Bulgaria worldwide, with a combined 69% share of total exports. These countries were followed by Germany and Croatia, which together accounted for a further 18%.

In terms of the main countries of destination, Croatia, with a CAGR of +79.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average oxygen-function amino-compound export price amounted to $X per ton, dropping by -27% against the previous year. Over the period under review, the export price saw a abrupt downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 98%. The export price peaked at $X per ton in 2013; however, from 2014 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 Germany ($X per ton), while the average price for exports to Croatia ($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 Georgia (+275.4%), while the prices for the other major destinations experienced more modest paces of growth.

Oxygen-Function Amino-Compound Imports

Imports into Bulgaria

For the third year in a row, Bulgaria recorded growth in overseas purchases of oxygen-function amino-compounds, which increased by 17% to X tons in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +11.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +23.3% against 2018 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, oxygen-function amino-compound imports skyrocketed to $X in 2021. In general, imports recorded a resilient increase. The growth pace was the most rapid in 2015 when imports increased by 131% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of oxygen-function amino-compound imports to Bulgaria, with a combined 69% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +34.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest oxygen-function amino-compound suppliers to Bulgaria were China ($X), Germany ($X) and France ($X), together comprising 49% of total imports. Belgium, Italy, Poland, the Netherlands and Hungary lagged somewhat behind, together comprising a further 17%.

Among the main suppliers, Belgium, with a CAGR of +28.9%, 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 oxygen-function amino-compound import price stood at $X per ton in 2021, approximately equating the previous year. In general, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, oxygen-function amino-compound import price increased by +42.1% against 2019 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 75%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average 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 Italy ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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