Bulgaria - Amino Resins - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 2, 2024

Bulgaria - Amino Resins - Market Analysis, Forecast, Size, Trends And Insights

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Amino Resin Price in Bulgaria - 2023

Contents:

  1. Amino Resin Price in Bulgaria (CIF) - 2023
  2. Amino Resin Price in Bulgaria (FOB) - 2022
  3. Amino Resin Imports in Bulgaria
  4. Amino Resin Exports in Bulgaria

Amino Resin Price in Bulgaria (CIF) - 2023

The average amino resin import price stood at $2,069 per ton in August 2023, which is down by -5.1% against the previous month. Overall, the import price showed a perceptible curtailment. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 15% month-to-month. Over the period under review, average import prices hit record highs at $2,783 per ton in December 2022; however, from January 2023 to August 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($3,497 per ton), while the price for Belgium ($1,795 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Spain (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Amino Resin Price in Bulgaria (FOB) - 2022

In 2022, the average amino resin export price amounted to $4,630 per ton, with a decrease of -24.6% against the previous year. In general, the export price saw a slight slump. The growth pace was the most rapid in 2017 an increase of 174% against the previous year. Over the period under review, the average export prices hit record highs at $10,157 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($17,580 per ton), while the average price for exports to Azerbaijan ($2,200 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 Iran (+198.2%), while the prices for the other major destinations experienced more modest paces of growth.

Amino Resin Imports in Bulgaria

In 2022, after three years of growth, there was significant decline in overseas purchases of amino resins, when their volume decreased by -18.7% to 9K tons. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 24%.

In value terms, amino resin imports declined markedly to $24M in 2022. In general, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 78% against the previous year. As a result, imports attained the peak of $30M, and then dropped markedly in the following year.

Import of Amino Resin in Bulgaria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium2.54.411.48.651.0%
Germany6.88.19.98.36.9%
South Korea0.10.71.72.4188.4%
Spain0.10.11.72.2180.2%
Hungary2.32.52.21.2-19.5%
Turkey0.20.21.21.071.0%
Netherlands0.40.10.70.3-9.1%
Italy0.70.30.30.3-24.6%
Others0.50.20.30.2-26.3%
Total13.516.629.524.421.8%

Top Suppliers of Amino Resin to Bulgaria in 2022:

  1. Belgium (3263.1 tons)
  2. Germany (3102.1 tons)
  3. South Korea (843.6 tons)
  4. Spain (736.2 tons)
  5. Hungary (430.8 tons)
  6. Turkey (373.3 tons)
  7. Netherlands (93.0 tons)
  8. Italy (84.2 tons)

Amino Resin Exports in Bulgaria

Amino resin exports from Bulgaria fell sharply to 37 tons in 2022, declining by -42.9% against 2021. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 979% against the previous year. As a result, the exports reached the peak of 64 tons, and then dropped remarkably in the following year.

In value terms, amino resin exports reduced rapidly to $171K in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 553% against the previous year. As a result, the exports attained the peak of $396K, and then shrank rapidly in the following year.

Export of Amino Resin in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/A49.119598.441.6%
AzerbaijanN/AN/AN/A63.40%
SerbiaN/A1.1N/A5.6125.6%
BelgiumN/AN/A80.4N/A0%
Greece0.7N/A77.0N/A948.8%
Iran62.1N/AN/AN/A0%
Romania7.83.537.5N/A119.3%
Others0.96.95.93.252.6%
Total71.560.739617133.7%

Top Export Markets for Amino Resin from Bulgaria in 2022:

  1. Azerbaijan (28.8 tons)
  2. United States (5.6 tons)
  3. Serbia (2.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the amino resin 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:

  • Prodcom 20165630 - Amino resins, in primary forms (excluding urea and thiourea resins, melamine resins)

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:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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