Report Update Nov 1, 2024

Bulgaria - Sulphur - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Sulphur Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for sulphur in the world?

The country with the largest volume of sulphur consumption was China, accounting for 35% of total volume. Moreover, sulphur consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. Morocco ranked third in terms of total consumption with a 7.2% share.

What are the largest producers of sulphur in the world?

The country with the largest volume of sulphur production was China, accounting for 18% of total volume. Moreover, sulphur production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. Russia ranked third in terms of total production with a 7.4% share.

What are the leading suppliers of sulphur to Bulgaria?

In value terms, Poland constituted the largest supplier of sulphur to Bulgaria, comprising 67% of total imports. The second position in the ranking was occupied by Germany, with a 16% share of total imports. It was followed by Turkey, with a 9.9% share.

What are the leading importers of sulphur from Bulgaria?

In value terms, the largest markets for sulphur exported from Bulgaria were Turkey, Italy and Tunisia, together comprising 81% of total exports.

What is the average export price for sulphur in Bulgaria?

In 2021, the average sulphur export price amounted to $57 per ton, picking up by 22% against the previous year.

What is the average import price for sulphur in Bulgaria?

The average sulphur import price stood at $364 per ton in 2021, picking up by 8.4% against the previous year.

This report provides an in-depth analysis of the sulphur 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:

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:

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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