
Bulgaria - Acrylic Polymers (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights
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Bulgaria: Acrylic Polymer Market Overview 2021
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Acrylic Polymer Market Size in Bulgaria
In 2019, the Bulgarian acrylic polymer market increased by X% to $X, rising for the fourth consecutive year after two years of decline. In general, the total consumption indicated buoyant growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level in 2019 and is likely to continue growth in the immediate term.
Acrylic Polymer Exports
Exports from Bulgaria
In 2019, overseas shipments of acrylic polymers (in primary forms) decreased by -X% to X tonnes for the first time since 2015, thus ending a three-year rising trend. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.
In value terms, acrylic polymer exports dropped remarkably to $X in 2019. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when exports increased by X% against the previous year. Exports peaked at $X in 2018, and then contracted notably in the following year.
Exports by Country
Israel (X tonnes) was the main destination for acrylic polymer exports from Bulgaria, accounting for a X% share of total exports. Moreover, acrylic polymer exports to Israel exceeded the volume sent to the second major destination, Serbia (X tonnes), twofold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.
From 2007 to 2019, the average annual growth rate of volume to Israel was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+X% per year) and Germany (+X% per year).
In value terms, Greece ($X), Serbia ($X) and Germany ($X) were the largest markets for acrylic polymer exported from Bulgaria worldwide, with a combined X% share of total exports. Israel, Armenia, Romania, Ukraine, Macedonia, Turkey and Albania lagged somewhat behind, together accounting for a further X the main countries of destination, Armenia (+X% per year) recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average acrylic polymer export price stood at $X per tonne in 2019, with an increase of X% against the previous year. Over the period under review, export price indicated prominent growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination; the country with the highest price was Greece ($X per tonne), while the average price for exports to Israel ($X per tonne) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Serbia, 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 soared to X tonnes in 2019, jumping by X% compared with 2018 figures. In general, total imports indicated a resilient increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Imports peaked in 2019 and are likely to see gradual growth in the near future.
In value terms, acrylic polymer imports soared to $X in 2019. Over the period under review, total imports indicated a tangible expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2015 indices. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2019 and are expected to retain growth in years to come.
Imports by Country
South Korea (X tonnes), Turkey (X tonnes) and Germany (X tonnes) were the main suppliers of acrylic polymer imports to Bulgaria, with a combined X% share of total imports.
From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (+X% per year), while imports for the other leaders experienced more modest paces of growth.
In value terms, South Korea ($X), Turkey ($X) and Belgium ($X) were the largest acrylic polymer suppliers to Bulgaria, with a combined X% share of total imports.
South Korea (+X% per year) saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average acrylic polymer import price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. Over the period under review, the import price saw a slight reduction. The growth pace was the most rapid in 2011 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Belgium ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.
From 2007 to 2019, 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
Frequently Asked Questions (FAQ) :
What are the largest markets for acrylic polymers (in primary forms) in the world?+
The countries with the highest volumes of acrylic polymer consumption in 2019 were China (3.7M tonnes), the U.S. (1.9M tonnes) and India (1.4M tonnes), together comprising 48% of global consumption. These countries were followed by Japan, Indonesia, Germany, France, South Korea, Italy, Poland, Canada, Thailand and Turkey, which together accounted for a further 28%.
What are the largest producers of acrylic polymers (in primary forms) in the world?+
The countries with the highest volumes of acrylic polymer production in 2019 were China (3.3M tonnes), the U.S. (2.2M tonnes) and Japan (1.2M tonnes), with a combined 44% share of global production. Germany, South Korea, India, France, Indonesia, Belgium, the Netherlands, Italy, Turkey and Malaysia lagged somewhat behind, together comprising a further 45%.
What are the leading suppliers of acrylic polymers (in primary forms) to Bulgaria?+
In value terms, South Korea ($11M), Turkey ($6.1M) and Belgium ($3.8M) constituted the largest acrylic polymer suppliers to Bulgaria, together comprising 61% of total imports.
What are the leading importers of acrylic polymers (in primary forms) from Bulgaria?+
In value terms, the largest markets for acrylic polymer exported from Bulgaria were Greece ($403K), Serbia ($378K) and Germany ($261K), together comprising 62% of total exports. Israel, Armenia, Romania, Ukraine, Macedonia, Turkey and Albania lagged somewhat behind, together comprising a further 32%.
What is the average export price for acrylic polymers (in primary forms) in Bulgaria?+
The average acrylic polymer export price stood at $4,413 per tonne in 2019, jumping by 59% against the previous year.
What is the average import price for acrylic polymers (in primary forms) in Bulgaria?+
The average acrylic polymer import price stood at $1,790 per tonne in 2019, falling by -9.5% against the previous year.
This report provides an in-depth analysis of the acrylic polymer 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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