Bulgaria - Palmitic Acid, Stearic Acid, Their Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Palmitic Acid, Stearic Acid, Their Salts and Esters in Bulgaria - 2023
Contents:
- Price for Palmitic Acid, Stearic Acid, Their Salts and Esters in Bulgaria (CIF) - 2023
- Price for Palmitic Acid, Stearic Acid, Their Salts and Esters in Bulgaria (FOB) - 2022
- Imports of Palmitic Acid, Stearic Acid, Their Salts and Esters in Bulgaria
- Exports of Palmitic Acid, Stearic Acid, Their Salts and Esters in Bulgaria
Price for Palmitic Acid, Stearic Acid, Their Salts and Esters in Bulgaria (CIF) - 2023
In September 2023, the average import price for palmitic acid, stearic acid, their salts and esters amounted to $3,058 per ton, jumping by 44% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 93% month-to-month. As a result, import price reached the peak level of $5,425 per ton. From May 2023 to September 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the Netherlands ($4,499 per ton), while the price for Spain ($2,813 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Belgium (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Palmitic Acid, Stearic Acid, Their Salts and Esters in Bulgaria (FOB) - 2022
The average export price for palmitic acid, stearic acid, their salts and esters stood at $4,872 per ton in 2022, jumping by 72% against the previous year. Over the period under review, the export price continues to indicate moderate growth. The growth pace was the most rapid in 2015 when the average export price increased by 91% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($5,054 per ton), while the average price for exports to Romania ($1,751 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 Turkey (+37.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Palmitic Acid, Stearic Acid, Their Salts and Esters in Bulgaria
In 2022, overseas purchases of palmitic acid, stearic acid, their salts and esters increased by 45% to 413 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt downturn.
In value terms, imports of palmitic acid, stearic acid, their salts and esters soared to $1.4M in 2022. In general, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Palmitic Acid, Stearic Acid, Their Salts and Esters in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 374 | 336 | 161 | 368 | -0.5% |
| Germany | 193 | 192 | 153 | 315 | 17.7% |
| Turkey | 16.1 | 25.7 | 51.8 | 192 | 128.5% |
| Italy | 114 | 51.0 | 131 | 134 | 5.5% |
| Spain | 67.6 | 106 | 55.6 | 57.0 | -5.5% |
| Malaysia | 5.6 | 9.2 | N/A | 23.9 | 62.2% |
| Romania | 4.9 | 25.8 | 19.3 | 21.0 | 62.4% |
| United States | 289 | N/A | N/A | N/A | 0% |
| Singapore | 91.5 | 61.7 | 33.3 | N/A | -39.7% |
| Others | 223 | 35.0 | 163 | 278 | 7.6% |
| Total | 1,379 | 843 | 768 | 1,389 | 0.2% |
Top Suppliers of Palmitic Acid, Stearic Acid, Their Salts and Esters to Bulgaria in 2022:
- Belgium (143.4 tons)
- Germany (96.8 tons)
- Turkey (79.4 tons)
- Italy (43.1 tons)
- Spain (17.8 tons)
- Romania (9.0 tons)
- Malaysia (7.1 tons)
Exports of Palmitic Acid, Stearic Acid, Their Salts and Esters in Bulgaria
In 2022, the amount of palmitic acid, stearic acid, their salts and esters exported from Bulgaria skyrocketed to 64 tons, with an increase of 69% on the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 201% against the previous year. As a result, the exports reached the peak of 67 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of palmitic acid, stearic acid, their salts and esters skyrocketed to $312K in 2022. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 355%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Palmitic Acid, Stearic Acid, Their Salts and Esters in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 1.9 | 208 | 86.6 | 275 | 425.0% |
| Russia | 6.6 | N/A | N/A | 22.8 | 51.2% |
| Romania | N/A | 0.9 | 1.8 | 7.9 | 196.3% |
| Greece | N/A | N/A | 11.0 | 4.4 | -60.0% |
| Turkey | 37.1 | N/A | N/A | 1.7 | -64.2% |
| Ukraine | N/A | 8.1 | N/A | N/A | 0% |
| Others | 2.6 | 2.1 | 7.6 | 0.2 | -57.5% |
| Total | 48.2 | 220 | 107 | 312 | 86.4% |
Top Export Markets for Palmitic Acid, Stearic Acid, Their Salts and Esters from Bulgaria in 2022:
- Iran (54.4 tons)
- Russia (4.9 tons)
- Romania (4.5 tons)
- Greece (2.4 tons)
- Turkey (0.3 tons)
This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters 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 20143235 - Palmitic acid, stearic acid, their salts and esters
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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