Bulgaria: Carbonate Market 2024

Carbonate Market Size in Bulgaria

In 2022, after two years of growth, there was significant decline in the Bulgarian carbonate market, when its value decreased by X% to $X. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then contracted notably in the following year.

Carbonate Production in Bulgaria

In value terms, carbonate production contracted to $X in 2022 estimated in export price. Overall, production, however, showed a buoyant increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, production reached the peak level of $X, and then shrank in the following year.

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Carbonate Exports

Exports from Bulgaria

Carbonate exports from Bulgaria declined to X tons in 2022, almost unchanged from the year before. Overall, exports saw a slight reduction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, carbonate exports rose to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X tons), Egypt (X tons) and Saudi Arabia (X tons) were the main destinations of carbonate exports from Bulgaria, together comprising X% of total exports. India, Algeria, Italy, Thailand, Malaysia, Romania, China, South Africa, Indonesia and Israel lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Egypt ($X) and Saudi Arabia ($X) were the largest markets for carbonate exported from Bulgaria worldwide, with a combined X% share of total exports. Italy, Algeria, India, Thailand, China, Malaysia, South Africa, Romania, Indonesia and Israel lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, China, with a CAGR of X%, saw 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 carbonate export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price recorded modest growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Africa ($X per ton) and Italy ($X per ton), while the average price for exports to Malaysia ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carbonate Imports

Imports into Bulgaria

Carbonate imports into Bulgaria rose rapidly to X tons in 2022, growing by X% against the previous year. Over the period under review, imports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, carbonate imports soared to $X in 2022. In general, imports, however, showed a deep contraction. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Greece (X tons) constituted the largest supplier of carbonate to Bulgaria, with a X% share of total imports. Moreover, carbonate imports from Greece exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. Bosnia and Herzegovina (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Greece stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Bosnia and Herzegovina (X% per year).

In value terms, Greece ($X), France ($X) and Turkey ($X) were the largest carbonate suppliers to Bulgaria, with a combined X% share of total imports.

Among the main suppliers, France, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average carbonate import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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