Borates; Peroxoborates (Perborates) Price in Bulgaria - 2023

Contents:

1. Borates; Peroxoborates (Perborates) Price in Bulgaria (CIF) - 2022
2. Borates; Peroxoborates (Perborates) Price in Bulgaria (FOB) - 2022
3. Borates; Peroxoborates (Perborates) Imports in Bulgaria
4. Borates; Peroxoborates (Perborates) Exports in Bulgaria

Borates; Peroxoborates (Perborates) Price in Bulgaria (CIF) - 2022

In 2022, the average borates; peroxoborates (perborates) import price amounted to $912 per ton, growing by 45% against the previous year. In general, the import price, however, saw a mild curtailment. Over the period under review, average import prices attained the peak figure at $1,050 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Italy ($3,300 per ton), while the price for Turkey ($763 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Borates; Peroxoborates (Perborates) Price in Bulgaria (FOB) - 2022

The average borates; peroxoborates (perborates) export price stood at $757 per ton in 2022, increasing by 24% against the previous year. Overall, the export price, however, saw a pronounced slump. The growth pace was the most rapid in 2017 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices hit record highs at $1,024 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($755 per ton), while the average price for exports to Iran ($715 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 North Macedonia (-0.7%).

Borates; Peroxoborates (Perborates) Imports in Bulgaria

In 2022, after three years of growth, there was significant decline in supplies from abroad of borates; peroxoborates (perborates)s, when their volume decreased by -25.9% to 237 tons. In general, imports continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year. As a result, imports reached the peak of 320 tons, and then dropped significantly in the following year.

In value terms, borates; peroxoborates (perborates) imports rose markedly to $216K in 2022. The total import value increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Borates; Peroxoborates (Perborates) to Bulgaria in 2022:

1. Turkey (219.6 tons)
2. Italy (6.6 tons)
3. Germany (3.6 tons)

Borates; Peroxoborates (Perborates) Exports in Bulgaria

In 2022, the amount of borates; peroxoborates (perborates)s exported from Bulgaria soared to 64 tons, growing by 1,427% compared with the previous year. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, borates; peroxoborates (perborates) exports surged to $49K in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Borates; Peroxoborates (Perborates) from Bulgaria in 2022:

1. Iran (45.6 tons)
2. North Macedonia (9.4 tons)
3. Georgia (8.0 tons)

Source: IndexBox Market Intelligence Platform