Bulgaria: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in Bulgaria

The Bulgarian prepared rubber accelerators market surged to $X in 2021, picking up by 38% 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 showed a noticeable expansion. Prepared rubber accelerators consumption peaked in 2021 and is likely to continue growth in the immediate term.

Prepared Rubber Accelerators Exports

Exports from Bulgaria

In 2021, approx. X tons of prepared rubber accelerators were exported from Bulgaria; surging by 5.7% compared with the year before. In general, exports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2016 when exports increased by 1,152% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, prepared rubber accelerators exports dropped modestly to $X in 2021. Overall, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 914% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Greece (X tons) was the main destination for prepared rubber accelerators exports from Bulgaria, accounting for a 91% share of total exports. Moreover, prepared rubber accelerators exports to Greece exceeded the volume sent to the second major destination, North Macedonia (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (-4.4% per year) and Turkey (+44.6% per year).

In value terms, Greece ($X) remains the key foreign market for prepared rubber accelerators exports from Bulgaria, comprising 87% of total exports. The second position in the ranking was taken by Turkey ($X), with a 6.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Greece stood at -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+10.0% per year) and North Macedonia (-0.4% per year).

Export Prices by Country

In 2021, the average prepared rubber accelerators export price amounted to $X per ton, shrinking by -9.4% against the previous year. In general, the export price showed a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 74%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Greece ($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 North Macedonia (+4.3%), while the prices for the other major destinations experienced a decline.

Prepared Rubber Accelerators Imports

Imports into Bulgaria

In 2021, approx. X tons of prepared rubber accelerators were imported into Bulgaria; surging by 4.2% against the previous year's figure. Over the period under review, imports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 72%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, prepared rubber accelerators imports soared to $X in 2021. In general, imports recorded a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 56%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Germany (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of prepared rubber accelerators imports to Bulgaria, with a combined 87% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +67.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Germany ($X) and Italy ($X) constituted the largest prepared rubber accelerators suppliers to Bulgaria, with a combined 94% share of total imports.

Turkey, with a CAGR of +76.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average prepared rubber accelerators import price amounted to $X per ton, surging by 44% against the previous year. In general, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared rubber accelerators import price increased by +55.4% against 2019 indices. As a result, import price reached 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 ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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