Bulgaria - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPotassium Sulphate (SOP) Price in Bulgaria - 2023
Contents:
- Potassium Sulphate (SOP) Price in Bulgaria (CIF) - 2022
- Potassium Sulphate (SOP) Price in Bulgaria (FOB) - 2022
- Potassium Sulphate (SOP) Imports in Bulgaria
- Potassium Sulphate (SOP) Exports in Bulgaria
Potassium Sulphate (SOP) Price in Bulgaria (CIF) - 2022
In 2022, the average potassium sulphate (SOP) import price amounted to $1,177 per ton, increasing by 56% against the previous year. Over the period under review, the import price recorded buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Germany ($1,439 per ton), while the price for Greece ($884 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Potassium Sulphate (SOP) Price in Bulgaria (FOB) - 2022
The average potassium sulphate (SOP) export price stood at $100,680 per ton in 2022, growing by 13,005% against the previous year. Over the period under review, the export price continues to indicate significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Romania amounted to -1.1% per year.
Potassium Sulphate (SOP) Imports in Bulgaria
In 2022, supplies from abroad of potassium sulphate (SOP) decreased by -32.7% to 962 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, posted a slight increase. The growth pace was the most rapid in 2020 when imports increased by 112% against the previous year. As a result, imports reached the peak of 2K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, potassium sulphate (SOP) imports rose significantly to $1.1M in 2022. In general, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 115%. As a result, imports reached the peak of $1.1M; afterwards, it flattened through to 2022.
| Import of Potassium Sulphate (SOP) in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 59.1 | 60.5 | 89.2 | 469 | 99.5% |
| Egypt | 213 | 371 | 326 | 230 | 2.6% |
| Germany | 176 | 211 | 387 | 205 | 5.2% |
| Jordan | N/A | N/A | N/A | 96.6 | 0% |
| Austria | N/A | 12.3 | N/A | 42.0 | 84.8% |
| Greece | 76.1 | 403 | 213 | 25.4 | -30.6% |
| Sweden | N/A | 28.5 | 40.2 | N/A | 41.1% |
| Others | 9.7 | 62.9 | 22.1 | 65.2 | 88.7% |
| Total | 534 | 1,149 | 1,079 | 1,133 | 28.5% |
Top Suppliers of Potassium Sulphate (SOP) to Bulgaria in 2022:
- Belgium (371.6 tons)
- Egypt (242.0 tons)
- Germany (142.3 tons)
- Jordan (106.0 tons)
- Austria (43.0 tons)
- Greece (28.8 tons)
Potassium Sulphate (SOP) Exports in Bulgaria
In 2022, approx. 200 kg of potassium sulphate (SOP) were exported from Bulgaria; falling by -99.8% against 2021 figures. In general, exports recorded a dramatic contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 48%.
In value terms, potassium sulphate (SOP) exports reduced sharply to $20K in 2022. Over the period under review, exports saw a sharp slump. The pace of growth appeared the most rapid in 2021 with an increase of 85%.
| Export of Potassium Sulphate (SOP) in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 20.1 | 0% |
| Greece | 183 | 7.4 | 23.2 | N/A | -64.4% |
| Armenia | 13.9 | N/A | N/A | N/A | 0% |
| Iran | N/A | N/A | 43.3 | N/A | 0% |
| Romania | 0.7 | 28.4 | N/A | N/A | 3957.1% |
| Others | N/A | 1.4 | 2.3 | N/A | 64.3% |
| Total | 198 | 37.2 | 68.8 | 20.1 | -53.4% |
Top Export Markets for Potassium Sulphate (SOP) from Bulgaria in 2022:
- United Arab Emirates (200.0 kg)
This report provides an in-depth analysis of the potassium sulphate (sop) 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:
- FCL 4017 - Potassium sulphate (sulphate of potash) (SOP)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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