Report Bulgaria - Phosphoric Acid and Polyphosphoric Acids - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Bulgaria - Phosphoric Acid and Polyphosphoric Acids - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in Bulgaria

The Bulgarian phosphoric acid market soared to $X in 2022, growing by 72% 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). Over the period under review, consumption, however, saw a mild descent. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Phosphoric Acid Exports

Exports from Bulgaria

In 2022, shipments abroad of phosphoric acid and polyphosphoric acids increased by 423% to X tons, rising for the third year in a row after two years of decline. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 536% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, phosphoric acid exports dropped to $X in 2022. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 573% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for phosphoric acid exports from Bulgaria, accounting for a 46% share of total exports. Moreover, phosphoric acid exports to Poland exceeded the volume sent to the second major destination, Italy (X tons), twofold. The third position in this ranking was taken by North Macedonia (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland amounted to +193.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and North Macedonia (+25.0% per year).

In value terms, Poland ($X), Italy ($X) and North Macedonia ($X) were the largest markets for phosphoric acid exported from Bulgaria worldwide, together accounting for 79% of total exports.

Among the main countries of destination, Poland, with a CAGR of +71.9%, recorded the highest rates of growth with regard to 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

The average phosphoric acid export price stood at $X per ton in 2022, with a decrease of -81.3% against the previous year. Overall, the export price showed a deep reduction. The pace of growth was the most pronounced in 2014 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and Italy ($X per ton), while the average price for exports to North Macedonia ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (-14.0%), while the prices for the other major destinations experienced a decline.

Phosphoric Acid Imports

Imports into Bulgaria

Phosphoric acid imports into Bulgaria skyrocketed to X tons in 2022, growing by 30% compared with 2021. Overall, imports, however, showed a abrupt slump. The growth pace was the most rapid in 2014 with an increase of 289% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, phosphoric acid imports skyrocketed to $X in 2022. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 198% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Serbia (X tons) and Turkey (X tons) were the main suppliers of phosphoric acid imports to Bulgaria, together accounting for 71% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +60.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest phosphoric acid suppliers to Bulgaria were China ($X), Turkey ($X) and Israel ($X), together comprising 72% of total imports.

Among the main suppliers, Turkey, with a CAGR of +69.7%, saw 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 phosphoric acid import price stood at $X per ton in 2022, rising by 114% against the previous year. Overall, the import price showed resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were India, Russia and China, with a combined 65% share of global consumption.
The countries with the highest volumes of in 2021 were China, Russia and Morocco, with a combined 68% share of global production. The United States, Jordan, Japan, Senegal, Egypt and Mexico lagged somewhat behind, together accounting for a further 17%.
In value terms, Israel constituted the largest supplier of phosphoric acid to Bulgaria, comprising 50% of total imports. The second position in the ranking was occupied by Slovenia, with a 20% share of total imports. It was followed by China, with an 8.8% share.
In value terms, North Macedonia remains the key foreign market for phosphoric acid exports from Bulgaria, comprising 86% of total exports. The second position in the ranking was occupied by Hungary, with a 10% share of total exports.
The average phosphoric acid export price stood at $1,229 per ton in 2021, reducing by -7.3% against the previous year.
The average phosphoric acid import price stood at $946 per ton in 2021, rising by 58% against the previous year.

This report provides an in-depth analysis of the phosphoric 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 20132455 - Phosphoric acid and polyphosphoric acids

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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

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