Bulgaria: Alcohols Market 2024

Alcohols Market Size in Bulgaria

In 2020, the Bulgarian alcohols market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, the total consumption indicated a modest expansion from 2012 to 2020: its value increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by X% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2020, consumption failed to regain momentum.

Alcohols Exports

Exports from Bulgaria

In 2020, approx. X tons of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were exported from Bulgaria; which is down by X% on 2019 figures. In general, exports saw a dramatic contraction. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

In value terms, alcohols exports fell rapidly to $X in 2020. Overall, exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons) was the main destination for alcohols exports from Bulgaria, with a X% share of total exports. Moreover, alcohols exports to Romania exceeded the volume sent to the second major destination, Greece (X tons), threefold. Turkey (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2020, the average annual growth rate of volume to Romania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Turkey (X% per year).

In value terms, Romania ($X) remains the key foreign market for alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Greece ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2020, the average annual growth rate of value to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Italy (X% per year).

Export Prices by Country

The average alcohols export price stood at $X per ton in 2020, approximately mirroring the previous year. In general, export price indicated a noticeable increase from 2012 to 2020: its price increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, alcohols export price decreased by X% against 2018 indices. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2020, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Alcohols Imports

Imports into Bulgaria

In 2020, after three years of growth, there was significant decline in supplies from abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, when their volume decreased by X% to X tons. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2019, and then declined in the following year.

In value terms, alcohols imports fell notably to $X in 2020. Over the period under review, imports saw a noticeable curtailment. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain momentum.

Imports by Country

Romania (X tons), Serbia (X tons) and Libya (X tons) were the main suppliers of alcohols imports to Bulgaria, with a combined X% share of total imports.

From 2012 to 2020, the biggest increases were recorded for Serbia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Turkey ($X) and Libya ($X) appeared to be the largest alcohols suppliers to Bulgaria, together accounting for X% of total imports. Serbia, Germany, Russia, Austria and Azerbaijan lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Serbia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average alcohols import price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Azerbaijan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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