Bulgaria: Acrylic Polymer Market Overview 2020

Acrylic Polymer Market Size in Bulgaria

The revenue of the acrylic polymer market in Bulgaria amounted to $X in 2018, going up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total market indicated a remarkable increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, acrylic polymer consumption increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, the acrylic polymer market attained its maximum level at $X in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Acrylic Polymer Exports

Exports from Bulgaria

In 2018, approx. X tonnes of acrylic polymers (in primary forms) were exported from Bulgaria; increasing by X% against the previous year. Over the period under review, acrylic polymer exports continue to indicate a significant expansion. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, acrylic polymer exports attained their peak figure at X tonnes in 2014; however, from 2015 to 2018, exports remained at a lower figure.

In value terms, acrylic polymer exports totaled $X in 2018. Overall, acrylic polymer exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, acrylic polymer exports reached their maximum at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Israel (X tonnes) was the main destination for acrylic polymer exports from Bulgaria, with a X% share of total exports. Moreover, acrylic polymer exports to Israel exceeded the volume sent to the second major destination, Romania (X tonnes), eightfold. The third position in this ranking was occupied by Serbia (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Israel totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-X% per year) and Serbia (+X% per year).

In value terms, Israel ($X) remains the key foreign market for acrylic polymer exports from Bulgaria, comprising X% of total acrylic polymer exports. The second position in the ranking was occupied by Greece ($X), with a X% share of total exports. It was followed by Serbia, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Israel stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+X% per year) and Serbia (+X% per year).

Export Prices by Country

In 2018, the average acrylic polymer export price amounted to $X per tonne, rising by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Over the period under review, the average export prices for acrylic polymers (in primary forms) attained their peak figure at $X per tonne in 2015; however, from 2016 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Greece ($X per tonne), while the average price for exports to India ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Greece, while the prices for the other major destinations experienced more modest paces of growth.

Acrylic Polymer Imports

Imports into Bulgaria

Acrylic polymer imports into Bulgaria amounted to X tonnes in 2018, shrinking by -X% against the previous year. Overall, the total imports indicated remarkable growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, acrylic polymer imports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, acrylic polymer imports stood at $X in 2018. Overall, the total imports indicated a pronounced increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, acrylic polymer imports increased by +X% against 2015 indices. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. In that year, acrylic polymer imports reached their peak of $X. From 2012 to 2018, the growth of acrylic polymer imports failed to regain its momentum.

Imports by Country

Turkey (X tonnes), South Korea (X tonnes) and Belgium (X tonnes) were the main suppliers of acrylic polymer imports to Bulgaria, together comprising X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by South Korea, while the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic polymer suppliers to Bulgaria were South Korea ($X), Turkey ($X) and Belgium ($X), together comprising X% of total imports.

South Korea experienced the highest growth rate of imports, in terms of the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average acrylic polymer import price amounted to $X per tonne, picking up by X% against the previous year. In general, the acrylic polymer import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. In that year, the average import prices for acrylic polymers (in primary forms) reached their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the average import prices for acrylic polymers (in primary forms) remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Hungary ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform