Report Update: May 1, 2024

Bulgaria - Titanium Dioxide Pigments and Colouring Preparations - Market Analysis, Forecast, Size, Trends and Insights

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Titanium Dioxide Pigments Price in Bulgaria - 2023

Titanium Dioxide Pigments Price in Bulgaria (CIF) - 2023

The average titanium dioxide pigments import price stood at $3,624 per ton in July 2023, with a decrease of -9.9% against the previous month. In general, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in November 2022 an increase of 11% against the previous month. The import price peaked at $4,079 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the UK ($25,632 per ton), while the price for China ($2,354 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the UK (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Titanium Dioxide Pigments Price in Bulgaria (FOB) - 2023

The average titanium dioxide pigments export price stood at $3,971 per ton in July 2023, falling by -3.2% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 73% against the previous month. As a result, the export price reached the peak level of $7,078 per ton. From September 2022 to July 2023, the the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In July 2023, the highest price was recorded for prices to Romania ($4,199 per ton) and Moldova ($4,086 per ton), while the average price for exports to Azerbaijan ($3,741 per ton) and Kazakhstan ($3,916 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Dioxide Pigments Imports in Bulgaria

In 2022, the amount of titanium dioxide pigments and colouring preparations imported into Bulgaria dropped modestly to 4.3K tons, shrinking by -3.3% against 2021 figures. In general, imports recorded a perceptible curtailment. The smallest decline of -0.5% was in 2020.

In value terms, titanium dioxide pigments imports surged to $18M in 2022. The total import value increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Titanium Dioxide Pigments in Bulgaria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	0.4	0.7	1.3	3.0	95.7%
Netherlands	1.8	1.3	2.7	2.4	10.1%
Germany	0.9	1.1	1.3	1.5	18.6%
Poland	0.4	0.8	1.1	1.4	51.8%
United Kingdom	3.4	2.5	1.0	1.3	-27.4%
Austria	1.6	1.3	1.7	1.3	-6.7%
China	0.8	0.9	0.8	1.3	17.6%
Greece	1.4	1.8	1.1	1.0	-10.6%
Slovenia	0.9	0.8	1.1	1.0	3.6%
Luxembourg	0.6	0.5	0.8	0.9	14.5%
Hungary	0.8	0.6	0.3	0.5	-14.5%
India	0.3	0.2	0.3	0.2	-12.6%
Others	1.3	1.5	1.4	1.7	9.4%
Total	14.7	14.2	14.9	17.6	6.2%

Top Suppliers of Titanium Dioxide Pigments to Bulgaria in 2022:

Belgium (730.4 tons)
Netherlands (623.2 tons)
China (389.2 tons)
Germany (329.5 tons)
United Kingdom (322.0 tons)
Slovenia (309.4 tons)
Austria (306.8 tons)
Greece (241.9 tons)
Poland (236.5 tons)
Luxembourg (223.7 tons)
Hungary (172.7 tons)
India (65.9 tons)

Titanium Dioxide Pigments Exports in Bulgaria

Titanium dioxide pigments exports from Bulgaria surged to 964 tons in 2022, picking up by 36% on 2021. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 214%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, titanium dioxide pigments exports surged to $4.3M in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 227% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Export of Titanium Dioxide Pigments in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kazakhstan	3.2	N/A	N/A	1,788	723.6%
Romania	186	35.5	1,373	1,334	92.8%
Moldova	154	151	232	481	46.2%
Iran	73.9	N/A	301	279	55.7%
Turkey	239	72.6	N/A	91.4	-27.4%
North Macedonia	143	101	233	77.1	-18.6%
Greece	146	49.1	43.4	69.4	-22.0%
Albania	30.1	58.7	55.2	60.1	25.9%
Azerbaijan	63.9	61.1	N/A	N/A	-4.4%
Russia	N/A	182	183	N/A	0.5%
Others	83.0	57.6	95.8	161	24.7%
Total	1,123	769	2,517	4,341	56.9%

Top Export Markets for Titanium Dioxide Pigments from Bulgaria in 2022:

Kazakhstan (393.0 tons)
Romania (312.6 tons)
Moldova (108.0 tons)
Iran (60.0 tons)
Turkey (20.0 tons)
Albania (19.3 tons)
North Macedonia (13.9 tons)
Greece (10.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the titanium dioxide pigments 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:

Prodcom 20122415 - Pigments and preparations based on titanium dioxide containing . .80 % by weight of titanium dioxide
Prodcom 20122419 - Pigments and preparations based on titanium dioxide (excluding those containing . .80 % by weight of titanium dioxide)

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
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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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023