Bulgaria: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Bulgaria

In 2021, the Bulgarian unsaturated acyclic hydrocarbons market decreased by -6.4% to $X, falling for the third consecutive year after three years of growth. Overall, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -24.0% against 2018 indices. Unsaturated acyclic hydrocarbons consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Unsaturated Acyclic Hydrocarbons Exports

Exports from Bulgaria

In 2021, shipments abroad of unsaturated acyclic hydrocarbons decreased by 0% to X tons, falling for the second consecutive year after two years of growth. Overall, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2019 when exports increased by 212%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, unsaturated acyclic hydrocarbons exports totaled $X in 2021. Over the period under review, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2018 with an increase of 803% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Romania (X tons) was the main destination for unsaturated acyclic hydrocarbons exports from Bulgaria, with a 70% share of total exports. Moreover, unsaturated acyclic hydrocarbons exports to Romania exceeded the volume sent to the second major destination, Serbia (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Romania stood at +36.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (0.0% per year) and Greece (-1.3% per year).

From 2012 to 2021, the average annual rate of growth in terms of value to Romania stood at +48.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (0.0% per year) and Greece (+0.1% per year).

Export Prices by Country

The average unsaturated acyclic hydrocarbons export price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 262%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Unsaturated Acyclic Hydrocarbons Imports

Imports into Bulgaria

In 2021, purchases abroad of unsaturated acyclic hydrocarbons decreased by -4.8% to X tons, falling for the fourth year in a row after two years of growth. Overall, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.1% against 2017 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 58%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, unsaturated acyclic hydrocarbons imports expanded slightly to $X in 2021. In general, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.1% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 56%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Romania (X tons), the Czech Republic (X tons) and North Macedonia (X tons) were the main suppliers of unsaturated acyclic hydrocarbons imports to Bulgaria, with a combined 81% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +28.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), the Czech Republic ($X) and North Macedonia ($X) were the largest unsaturated acyclic hydrocarbons suppliers to Bulgaria, together accounting for 80% of total imports.

In terms of the main suppliers, the Czech Republic, with a CAGR of +24.0%, 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

The average unsaturated acyclic hydrocarbons import price stood at $X per ton in 2021, picking up by 7.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2013 when the average import price increased by 12% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+40.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :