Bulgaria: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Bulgaria

The Bulgarian saturated acyclic monocarboxylic acids market reduced to $X in 2022, leveling off at the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Saturated acyclic monocarboxylic acids consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Saturated Acyclic Monocarboxylic Acids in Bulgaria

In value terms, saturated acyclic monocarboxylic acids production declined slightly to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. Saturated acyclic monocarboxylic acids production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from Bulgaria

After five years of growth, shipments abroad of saturated acyclic monocarboxylic acids decreased by X% to X tons in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, saturated acyclic monocarboxylic acids exports contracted to $X in 2022. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Italy (X tons), Hungary (X tons) and Poland (X tons) were the main destinations of saturated acyclic monocarboxylic acids exports from Bulgaria, together accounting for X% of total exports. Romania, Greece, North Macedonia, the Netherlands and the Czech Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for saturated acyclic monocarboxylic acids exported from Bulgaria were Italy ($X), Hungary ($X) and Poland ($X), with a combined X% share of total exports.

Among the main countries of destination, Hungary, with a CAGR of X%, recorded the highest growth rate of 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 saturated acyclic monocarboxylic acids export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price recorded a moderate increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to North Macedonia ($X per ton) was amongst the lowest.

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

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into Bulgaria

In 2022, purchases abroad of saturated acyclic monocarboxylic acids decreased by X% to X tons for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, saturated acyclic monocarboxylic acids imports soared to $X in 2022. Overall, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest saturated acyclic monocarboxylic acids supplier to Bulgaria, accounting for a X% share of total imports. Moreover, saturated acyclic monocarboxylic acids imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X tons), ninefold. The third position in this ranking was held by Italy (X tons), with a X% share.

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

In value terms, Turkey ($X) constituted the largest supplier of saturated acyclic monocarboxylic acids to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average saturated acyclic monocarboxylic acids import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price saw buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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