Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Bulgaria - 2023

Contents:

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

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Bulgaria (CIF) - 2022

In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $2,411 per ton, surging by 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($3,303 per ton), while the price for China ($2,058 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Bulgaria (FOB) - 2022

In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $2,525 per ton, reducing by -8.5% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses increased by +30.0% against 2017 indices. The growth pace was the most rapid in 2021 an increase of 74%. As a result, the export price reached the peak level of $2,759 per ton, and then fell in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($2,892 per ton), while the average price for exports to Romania ($2,025 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 Greece (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Bulgaria

Imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses into Bulgaria contracted sharply to 230 tons in 2022, which is down by -23.7% compared with the previous year. In general, imports saw a noticeable contraction. The growth pace was the most rapid in 2021 when imports increased by 26%. As a result, imports reached the peak of 301 tons, and then reduced remarkably in the following year.

In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses contracted modestly to $554K in 2022. The total import value increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 38%. As a result, imports attained the peak of $559K, leveling off in the following year.

Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Bulgaria in 2022:

1. Netherlands (90.8 tons)
2. Germany (72.2 tons)
3. China (36.4 tons)
4. United Kingdom (23.4 tons)
5. Greece (2.3 tons)

Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Bulgaria

In 2022, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses from Bulgaria declined significantly to 4.2 tons, shrinking by -93.4% against the previous year. Overall, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 1,287% against the previous year. As a result, the exports attained the peak of 64 tons, and then dropped sharply in the following year.

In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses declined dramatically to $11K in 2022. In general, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 2,313%. As a result, the exports reached the peak of $176K, and then fell notably in the following year.

Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Bulgaria in 2022:

1. Greece (2.0 tons)
2. North Macedonia (1.7 tons)
3. Romania (0.5 tons)

Source: IndexBox Market Intelligence Platform