Bulgaria: Sulphur Market 2025

Sulphur Market Size in Bulgaria

The Bulgarian sulphur market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Sulphur Production in Bulgaria

In value terms, sulphur production declined sharply to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 79%. As a result, production reached the peak level of $X, and then shrank dramatically in the following year.

Sulphur Exports

Exports from Bulgaria

In 2022, exports of sulphur from Bulgaria dropped markedly to X tons, waning by -70.3% compared with the previous year's figure. In general, exports, however, showed a strong increase. The growth pace was the most rapid in 2021 when exports increased by 327% against the previous year. As a result, the exports reached the peak of X tons, and then declined sharply in the following year.

In value terms, sulphur exports soared to $X in 2022. Overall, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 404%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Turkey (X tons) was the main destination for sulphur exports from Bulgaria, with a 74% share of total exports. Moreover, sulphur exports to Turkey exceeded the volume sent to the second major destination, Italy (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Turkey totaled +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-25.5% per year) and Egypt (-8.7% per year).

In value terms, Turkey ($X) remains the key foreign market for sulphur exports from Bulgaria, comprising 67% of total exports. The second position in the ranking was taken by Italy ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+56.7% per year) and Egypt (+0.3% per year).

Export Prices by Country

In 2022, the average sulphur export price amounted to $X per ton, picking up by 349% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Turkey ($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 Italy (+110.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphur Imports

Imports into Bulgaria

In 2022, the amount of sulphur imported into Bulgaria plummeted to X tons, reducing by -51.2% on 2021 figures. In general, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2015 when imports increased by 116%. Imports peaked at X tons in 2021, and then dropped markedly in the following year.

In value terms, sulphur imports declined remarkably to $X in 2022. Over the period under review, imports, however, saw strong growth. The growth pace was the most rapid in 2014 with an increase of 117% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X tons) was the main supplier of sulphur to Bulgaria, accounting for a 94% share of total imports. It was followed by Slovenia (X tons), with a 2.3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +16.9%.

In value terms, Poland ($X) constituted the largest supplier of sulphur to Bulgaria, comprising 83% of total imports. The second position in the ranking was held by Slovenia ($X), with a 9.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland amounted to +18.3%.

Import Prices by Country

The average sulphur import price stood at $X per ton in 2022, increasing by 43% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphur import price increased by +53.2% against 2020 indices. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovenia ($X per ton), while the price for Poland totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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