Report Update Nov 1, 2024

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

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Bulgaria: Salicylic Acid Market 2024

Salicylic Acid Market Size in Bulgaria

In 2021, the Bulgarian salicylic acid market decreased by -5.1% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, continues to indicate a prominent expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Salicylic Acid Exports

Exports from Bulgaria

After two years of decline, overseas shipments of salicylic acid and its salts increased by 40% to X kg in 2021. In general, exports, however, saw a sharp curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 291% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, salicylic acid exports soared to $X in 2021. Over the period under review, exports, however, recorded a sharp setback. The pace of growth was the most pronounced in 2018 when exports increased by 306% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Moldova (X kg) was the main destination for salicylic acid exports from Bulgaria, with a 24% share of total exports. Moreover, salicylic acid exports to Moldova exceeded the volume sent to the second major destination, Uzbekistan (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Moldova was relatively modest.

In value terms, Moldova ($X) and Uzbekistan ($X) constituted the largest markets for salicylic acid exported from Bulgaria worldwide.

Among the main countries of destination, Moldova, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the average salicylic acid export price amounted to $X per ton, with an increase of 3.2% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 an increase of 28% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Moldova amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Salicylic Acid Imports

Imports into Bulgaria

In 2021, overseas purchases of salicylic acid and its salts decreased by -2.5% to X tons, falling for the second consecutive year after two years of growth. Overall, imports showed a noticeable downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 190% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, salicylic acid imports fell to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 193%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of salicylic acid imports to Bulgaria, together comprising 81% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +99.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and the Czech Republic ($X) were the largest salicylic acid suppliers to Bulgaria, together comprising 80% of total imports.

The Czech Republic, with a CAGR of +65.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average salicylic acid import price stood at $X per ton in 2021, dropping by -4.4% against the previous year. In general, the import price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 an increase of 170%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Romania ($X per ton) and Germany ($X per ton), while the price for the Netherlands ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+7.6%), 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 salicylic acid and its salts in the world?

India constituted the country with the largest volume of salicylic acid consumption, comprising approx. 42% of total volume. Moreover, salicylic acid consumption in India exceeded the figures recorded by the second-largest consumer, Spain, sixfold. The third position in this ranking was occupied by Mexico, with a 6.8% share.

What are the largest producers of salicylic acid and its salts in the world?

China constituted the country with the largest volume of salicylic acid production, comprising approx. 86% of total volume. Moreover, salicylic acid production in China exceeded the figures recorded by the second-largest producer, Spain, tenfold.

What are the leading suppliers of salicylic acid and its salts to Bulgaria?

In value terms, Germany, the Netherlands and Poland were the largest salicylic acid suppliers to Bulgaria, with a combined 90% share of total imports.

What are the leading importers of salicylic acid and its salts from Bulgaria?

In value terms, Greece $441) remains the key foreign market for salicylic acid exports from Bulgaria.

What is the average export price for salicylic acid and its salts in Bulgaria?

The average salicylic acid export price stood at $5,876 per ton in 2020, surging by 17% against the previous year.

What is the average import price for salicylic acid and its salts in Bulgaria?

The average salicylic acid import price stood at $7,509 per ton in 2020, with an increase of 67% against the previous year.

This report provides an in-depth analysis of the salicylic 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 21101030 - Salicylic acid and its salts

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