Bulgaria: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Bulgaria

The Bulgarian phosphinates and phosphonates market stood at $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Phosphinates And Phosphonates Production in Bulgaria

In value terms, phosphinates and phosphonates production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 30%. Phosphinates and phosphonates production peaked at $X in 2020; afterwards, it flattened through to 2022.

Phosphinates And Phosphonates Exports

Exports from Bulgaria

In 2022, exports of phosphinates (hypophosphites) and phosphonates (phosphites) from Bulgaria totaled X tons, remaining constant against the previous year's figure. Overall, exports showed a significant increase. The smallest decline of 99.9% was in 2018. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, phosphinates and phosphonates exports amounted to $X in 2022. In general, exports recorded significant growth. The smallest decline of 99.9% was in 2018. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Turkey (X tons) was the main destination for phosphinates and phosphonates exports from Bulgaria, accounting for a 98% share of total exports. It was followed by North Macedonia (X kg), with a 2.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey was relatively modest.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey was relatively modest.

Export Prices by Country

The average phosphinates and phosphonates export price stood at $X per ton in 2022, standing approx. at the previous year. Overall, the export price recorded strong growth. The most prominent rate of growth was recorded in 2018 a decrease of 99.9% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to North Macedonia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphinates And Phosphonates Imports

Imports into Bulgaria

In 2022, overseas purchases of phosphinates (hypophosphites) and phosphonates (phosphites) decreased by -15.6% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 444%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, phosphinates and phosphonates imports reduced slightly to $X in 2022. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 603% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of phosphinates and phosphonates to Bulgaria, with a 54% share of total imports. Moreover, phosphinates and phosphonates imports from Poland exceeded the figures recorded by the second-largest supplier, Romania (X kg), twofold. Italy (X kg) ranked third in terms of total imports with a 20% share.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to -22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (0.0% per year) and Italy (+6.5% per year).

In value terms, Poland ($X) constituted the largest supplier of phosphinates (hypophosphites) and phosphonates (phosphites) to Bulgaria, comprising 78% of total imports. The second position in the ranking was taken by Romania ($X), with a 13% share of total imports. It was followed by Italy, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at -14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (0.0% per year) and Italy (-0.7% per year).

Import Prices by Country

The average phosphinates and phosphonates import price stood at $X per ton in 2022, with an increase of 13% against the previous year. In general, the import price posted a resilient increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 174%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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