Waxes; Artificial, Prepared Price in Bulgaria - 2023

Contents:

1. Waxes; Artificial, Prepared Price in Bulgaria (CIF) - 2022
2. Waxes; Artificial, Prepared Price in Bulgaria (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in Bulgaria
4. Waxes; Artificial, Prepared Exports in Bulgaria

Waxes; Artificial, Prepared Price in Bulgaria (CIF) - 2022

The average waxes; artificial, prepared import price stood at $2,935 per ton in 2022, increasing by 35% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. As a result, import price attained 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 France ($11,462 per ton), while the price for Belarus ($1,911 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in Bulgaria (FOB) - 2022

In 2022, the average waxes; artificial, prepared export price amounted to $2,718 per ton, surging by 33% against the previous year. Overall, the export price, however, saw a deep setback. The export price peaked at $5,065 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($3,610 per ton), while the average price for exports to Malta ($1,897 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 Hungary (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Waxes; Artificial, Prepared Imports in Bulgaria

After three years of growth, overseas purchases of waxes; artificial, prepared decreased by -11.7% to 2.7K tons in 2022. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. As a result, imports attained the peak of 3K tons, and then shrank in the following year.

In value terms, waxes; artificial, prepared imports soared to $7.9M in 2022. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 48% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Waxes; Artificial, Prepared to Bulgaria in 2022:

1. Germany (1202.6 tons)
2. South Korea (523.6 tons)
3. Belgium (180.9 tons)
4. Malaysia (132.8 tons)
5. Denmark (128.1 tons)
6. Belarus (121.7 tons)
7. Greece (84.2 tons)
8. Poland (49.4 tons)
9. Italy (37.0 tons)
10. France (31.2 tons)

Waxes; Artificial, Prepared Exports in Bulgaria

In 2022, waxes; artificial, prepared exports from Bulgaria totaled 1.9K tons, with an increase of 7.8% compared with 2021 figures. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +7.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 74% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, waxes; artificial, prepared exports surged to $5.2M in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 131% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Waxes; Artificial, Prepared from Bulgaria in 2022:

1. Romania (666.3 tons)
2. Italy (290.0 tons)
3. Greece (278.9 tons)
4. North Macedonia (193.5 tons)
5. Germany (170.4 tons)
6. Malta (48.6 tons)
7. Turkey (48.1 tons)
8. Hungary (32.7 tons)

Source: IndexBox Market Intelligence Platform