Report Update: May 1, 2024

Bulgaria - Esters Of Methacrylic Acid - Market Analysis, Forecast, Size, Trends And Insights

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Methacrylic Acid Esters Price in Bulgaria - 2023

Methacrylic Acid Esters Price in Bulgaria (CIF) - 2022

The average methacrylic acid esters import price stood at $2,804 per ton in 2022, jumping by 24% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, methacrylic acid esters import price increased by +70.6% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 40% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($5,903 per ton), while the price for Turkey ($2,205 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Methacrylic Acid Esters Price in Bulgaria (FOB) - 2022

The average methacrylic acid esters export price stood at $14,565 per ton in 2022, picking up by 164% against the previous year. Overall, the export price, however, faced a precipitous decrease. The pace of growth was the most pronounced in 2020 when the average export price increased by 311%. As a result, the export price attained the peak level of $182,561 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($18,640 per ton), while the average price for exports to Iran stood at $9,410 per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-23.1%), while the prices for the other major destinations experienced a decline.

Methacrylic Acid Esters Imports in Bulgaria

In 2022, purchases abroad of esters of methacrylic acid decreased by -74.3% to 220 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a sharp descent. The pace of growth appeared the most rapid in 2020 with an increase of 13% against the previous year. As a result, imports reached the peak of 1.3K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, methacrylic acid esters imports plummeted to $618K in 2022. Overall, imports faced a dramatic decline. The smallest decline of -11.3% was in 2021.

Import of Methacrylic Acid Esters in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	51.6	N/A	302	265	72.5%
South Korea	N/A	N/A	50.1	173	245.3%
Belgium	N/A	19.7	46.9	108	134.1%
Austria	N/A	N/A	N/A	29.3	0%
United Kingdom	973	N/A	N/A	N/A	0%
Netherlands	1,420	2,007	1,427	N/A	0.2%
Others	70.0	154	108	43.1	-14.9%
Total	2,515	2,181	1,934	618	-37.4%

Top Suppliers of Methacrylic Acid Esters to Bulgaria in 2022:

Turkey (120.0 tons)
South Korea (57.6 tons)
Belgium (32.3 tons)
Austria (5.0 tons)

Methacrylic Acid Esters Exports in Bulgaria

In 2022, shipments abroad of esters of methacrylic acid decreased by -75.3% to 11 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 21,076%. As a result, the exports attained the peak of 45 tons, and then fell significantly in the following year.

In value terms, methacrylic acid esters exports plummeted to $162K in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 8,617% against the previous year.

Export of Methacrylic Acid Esters in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	N/A	0.1	104	113	3261.5%
Iran	N/A	N/A	N/A	47.1	0%
Slovenia	0.1	6.7	24.1	N/A	1452.4%
Italy	N/A	3.0	47.3	N/A	1476.7%
Netherlands	N/A	4.0	69.5	N/A	1637.5%
Others	0.3	24.9	2.7	1.4	67.1%
Total	0.4	38.7	248	162	639.9%

Top Export Markets for Methacrylic Acid Esters from Bulgaria in 2022:

Romania (6.1 tons)
Iran (5.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the methacrylic acid esters 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 20143340 - Esters of methacrylic acid

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:

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