Bulgaria - Industrial Monocarboxylic Fatty Acids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Industrial Monocarboxylic Fatty Acids in Bulgaria - 2023
Contents:
- Price for Industrial Monocarboxylic Fatty Acids in Bulgaria (FOB) - 2023
- Price for Industrial Monocarboxylic Fatty Acids in Bulgaria (CIF) - 2022
- Exports of Industrial Monocarboxylic Fatty Acids in Bulgaria
- Imports of Industrial Monocarboxylic Fatty Acids in Bulgaria
Price for Industrial Monocarboxylic Fatty Acids in Bulgaria (FOB) - 2023
The average industrial monocarboxylic fatty acids export price stood at $673 per ton in August 2023, approximately mirroring the previous month. Overall, the export price, however, saw a perceptible setback. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 96% m-o-m. Over the period under review, the average export prices hit record highs at $921 per ton in January 2023; however, from February 2023 to August 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In August 2023, the countries with the highest prices were the Czech Republic ($712 per ton) and Germany ($689 per ton), while the average price for exports to China ($511 per ton) and Turkey ($568 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (0.0%), while the prices for the other major destinations experienced a decline.
Price for Industrial Monocarboxylic Fatty Acids in Bulgaria (CIF) - 2022
The average industrial monocarboxylic fatty acids import price stood at $2,496 per ton in 2022, growing by 124% against the previous year. Over the period under review, the import price saw a significant expansion. As a result, import price reached 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 Spain ($3,616 per ton), while the price for Romania ($723 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Industrial Monocarboxylic Fatty Acids in Bulgaria
For the fourth year in a row, Bulgaria recorded growth in overseas shipments of industrial monocarboxylic fatty acids, which increased by 39% to 30K tons in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 101%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, industrial monocarboxylic fatty acids exports skyrocketed to $27M in 2022. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 193%. The exports peaked in 2022 and are likely to see steady growth in years to come.
Export of Industrial Monocarboxylic Fatty Acids in Bulgaria (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 1.5 | 2.6 | 4.7 | 12.7 | 103.8% |
Czech Republic | N/A | N/A | 1.6 | 5.4 | 237.5% |
Turkey | 1.8 | 1.3 | 4.7 | 4.3 | 33.7% |
Italy | 0.1 | N/A | 1.5 | 1.5 | 146.6% |
Austria | N/A | 0.9 | 2.1 | 1.2 | 15.5% |
Netherlands | N/A | N/A | 0.3 | 0.9 | 200.0% |
Denmark | N/A | N/A | N/A | 0.6 | 0% |
Others | 0.4 | 0.3 | 0.3 | 0.3 | -9.1% |
Total | 3.8 | 5.2 | 15.3 | 26.9 | 92.0% |
Top Export Markets for Industrial Monocarboxylic Fatty Acids from Bulgaria in 2022:
- Germany (13.7K tons)
- Turkey (6.1K tons)
- Czech Republic (5.5K tons)
- Italy (1.7K tons)
- Austria (1.2K tons)
- Netherlands (1.0K tons)
- Denmark (0.6K tons)
Imports of Industrial Monocarboxylic Fatty Acids in Bulgaria
In 2022, supplies from abroad of industrial monocarboxylic fatty acids decreased by -72.7% to 180 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2020 with an increase of 31% against the previous year. As a result, imports attained the peak of 2.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, industrial monocarboxylic fatty acids imports contracted sharply to $448K in 2022. Over the period under review, imports faced a dramatic decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 29% against the previous year. As a result, imports reached the peak of $1.6M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Industrial Monocarboxylic Fatty Acids in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 11.7 | 0.6 | 61.6 | 233 | 171.1% |
Spain | 3.3 | 3.6 | 10.7 | 111 | 222.8% |
Malaysia | 662 | 366 | 53.8 | 52.5 | -57.0% |
Romania | 48.2 | 9.6 | 16.5 | 5.1 | -52.7% |
Russia | N/A | 317 | N/A | N/A | 0% |
Argentina | N/A | N/A | 312 | N/A | 0% |
Belgium | 119 | N/A | N/A | N/A | 0% |
Greece | 243 | 137 | 10.1 | N/A | -79.6% |
Indonesia | 114 | 239 | 71.2 | N/A | -21.0% |
Others | 75.3 | 571 | 195 | 46.5 | -14.8% |
Total | 1,276 | 1,644 | 731 | 448 | -29.5% |
Top Suppliers of Industrial Monocarboxylic Fatty Acids to Bulgaria in 2022:
- Germany (102.8 tons)
- Malaysia (35.2 tons)
- Spain (30.7 tons)
- Romania (7.0 tons)
This report provides an in-depth analysis of the market for industrial monocarboxylic fatty acids 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 20143195 - Industrial monocarboxylic fatty acids distilled (excluding stearic, oleic tall oil)
- Prodcom 20143197 - Industrial monocarboxylic fatty acids (excluding stearic, oleic, t all oil, distilled)
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
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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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