Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Bulgaria - 2023

Contents:

  1. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Bulgaria (CIF) - 2022
  2. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Bulgaria (FOB) - 2022
  3. Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Bulgaria
  4. Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Bulgaria

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Bulgaria (CIF) - 2022

In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $6,785 per ton, flattening at the previous year. Over the period under review, the import price enjoyed prominent growth. The pace of growth was the most pronounced in 2018 an increase of 613%. As a result, import price reached the peak level of $19,644 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($13,273 per ton), while the price for Turkey totaled $6,185 per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+18.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Bulgaria (FOB) - 2022

In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $2,000 per ton, dropping by -87.2% against the previous year. Over the period under review, the export price recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 665% against the previous year. Over the period under review, the average export prices attained the peak figure at $24,233 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2013 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -19.3% per year.

Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Bulgaria

After two years of decline, supplies from abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids decreased by 0% to 130 kg in 2022. In general, imports continue to indicate a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $882 in 2022. Over the period under review, imports posted a strong increase. The smallest decline of 99.9% was in 2020. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Bulgaria (USD)
COUNTRY2019202020212022CAGR,
2019-2022
TurkeyN/AN/AN/A7360%
NetherlandsN/AN/AN/A1460%
Spain567N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total567N/AN/A88215.9%

Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Bulgaria in 2022:

  1. Turkey (119.0 kg)
  2. Netherlands (11.0 kg)

Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Bulgaria

In 2022, shipments abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids decreased by -80% to 1 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 150%. As a result, the exports reached the peak of 5 kg, and then fell sharply in the following year.

In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids reduced dramatically to $2 in 2022. In general, exports faced a dramatic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 282%.

Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Bulgaria (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands11.042.078.02.0-43.3%
OthersN/AN/AN/AN/A0%
Total11.042.078.02.0-43.3%

Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Bulgaria in 2022:

  1. Netherlands (1.0 kg)

Source: IndexBox Market Intelligence Platform

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