Bulgaria: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in Bulgaria

The Bulgarian sodium triphosphate market surged to $X in 2022, jumping by 58% against the previous year. Over the period under review, consumption, however, saw a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sodium Triphosphate Production in Bulgaria

In value terms, sodium triphosphate production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with a decrease of 99.9%. Sodium triphosphate production peaked in 2022 and is expected to retain growth in years to come.

Sodium Triphosphate Exports

Exports from Bulgaria

In 2022, the amount of sodium triphosphate (sodium tripolyphosphates) exported from Bulgaria rose markedly to X tons, picking up by 11% compared with the previous year. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 177% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, sodium triphosphate exports soared to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 197%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Greece (X tons) was the main destination for sodium triphosphate exports from Bulgaria, with a 79% share of total exports. Moreover, sodium triphosphate exports to Greece exceeded the volume sent to the second major destination, Romania (X tons), fivefold. Belgium (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece stood at +38.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+7.2% per year) and Belgium (0.0% per year).

In value terms, Greece ($X) remains the key foreign market for sodium triphosphate (sodium tripolyphosphates) exports from Bulgaria, comprising 80% of total exports. The second position in the ranking was taken by Romania ($X), with a 15% share of total exports. It was followed by Belgium, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Greece stood at +46.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+14.6% per year) and Belgium (0.0% per year).

Export Prices by Country

In 2022, the average sodium triphosphate export price amounted to $X per ton, jumping by 58% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sodium triphosphate export price increased by +81.4% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were North Macedonia ($X per ton) and Greece ($X per ton), while the average price for exports to Belgium ($X per ton) and Romania ($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 North Macedonia (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Triphosphate Imports

Imports into Bulgaria

In 2022, purchases abroad of sodium triphosphate (sodium tripolyphosphates) increased by 17% to X tons, rising for the third consecutive year after two years of decline. Overall, imports, however, saw a deep downturn. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sodium triphosphate imports soared to $X in 2022. In general, imports, however, recorded a abrupt downturn. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), China (X tons) and Russia (X tons) were the main suppliers of sodium triphosphate imports to Bulgaria, with a combined 84% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +21.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sodium triphosphate suppliers to Bulgaria were Belgium ($X), China ($X) and Russia ($X), together accounting for 88% of total imports.

Among the main suppliers, Belgium, with a CAGR of +25.6%, saw the highest growth rate of 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

In 2022, the average sodium triphosphate import price amounted to $X per ton, increasing by 46% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sodium triphosphate import price increased by +60.9% against 2018 indices. 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 Greece ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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