Report Update Nov 1, 2024

Bulgaria - Phenylacetic Acid, Its Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Phenylacetic Acid Market 2024

Phenylacetic Acid Market Size in Bulgaria

The Bulgarian phenylacetic acid market expanded to $X in 2022, growing by X% 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, however, continues to indicate a relatively flat trend pattern. Phenylacetic acid consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Phenylacetic Acid Exports

Exports from Bulgaria

In 2022, approx. X tons of phenylacetic acid, its salts and esters were exported from Bulgaria; rising by X% on 2021. Over the period under review, exports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, phenylacetic acid exports soared to $X in 2022. In general, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

North Macedonia (X tons) was the main destination for phenylacetic acid exports from Bulgaria, accounting for a X% share of total exports. Moreover, phenylacetic acid exports to North Macedonia exceeded the volume sent to the second major destination, Belarus (X kg), fourfold.

From 2014 to 2022, the average annual growth rate of volume to North Macedonia stood at X%.

In value terms, Belarus ($X) emerged as the key foreign market for phenylacetic acid, its salts and esters exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by North Macedonia ($X), with a X% share of total exports.

From 2014 to 2022, the average annual growth rate of value to Belarus was relatively modest.

Export Prices by Country

The average phenylacetic acid export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price enjoyed a significant expansion. As a result, the export price attained 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 Belarus ($X per ton), while the average price for exports to North Macedonia totaled $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (X%).

Phenylacetic Acid Imports

Imports into Bulgaria

In 2022, the amount of phenylacetic acid, its salts and esters imported into Bulgaria rose slightly to X tons, increasing by X% compared with 2021 figures. Over the period under review, imports, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, phenylacetic acid imports expanded sharply to $X in 2022. In general, imports continue to indicate a pronounced increase. The pace of growth was the most pronounced in 2015 with an increase of X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of phenylacetic acid imports to Bulgaria, together accounting for X% of total imports. India, Austria, the Netherlands and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of phenylacetic acid, its salts and esters to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the average phenylacetic acid import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price enjoyed resilient growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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 ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), 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 phenylacetic acid, its salts and esters in the world?

China constituted the country with the largest volume of phenylacetic acid consumption, accounting for 24% of total volume. Moreover, phenylacetic acid consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 6.8% share.

What are the largest producers of phenylacetic acid, its salts and esters in the world?

The country with the largest volume of phenylacetic acid production was China, accounting for 50% of total volume. Moreover, phenylacetic acid production in China exceeded the figures recorded by the second-largest producer, India, eightfold. The third position in this ranking was occupied by Pakistan, with a 4.9% share.

What are the leading suppliers of phenylacetic acid, its salts and esters to Bulgaria?

In value terms, India constituted the largest supplier of phenylacetic acid to Bulgaria, comprising 70% of total imports. The second position in the ranking was occupied by Romania, with a 10% share of total imports. It was followed by Austria, with a 9.9% share.

What is the average export price for phenylacetic acid, its salts and esters in Bulgaria?

In 2020, the average phenylacetic acid export price amounted to $4,577 per ton, waning by -43.8% against the previous year.

What is the average import price for phenylacetic acid, its salts and esters in Bulgaria?

The average phenylacetic acid import price stood at $5,921 per ton in 2020, reducing by -37.5% against the previous year.

This report provides an in-depth analysis of the phenylacetic acid 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 20143367 - Phenylacetic acid, its salts and esters
Prodcom 20143370 - Aromatic monocarboxylic acids, (anhydrides), halides, p eroxides, peroxyacids, derivatives excluding benzoic acid, p henylacetic acids their salts/esters, benzoyl peroxide, b enzoyl chloride

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