Bulgaria: Compound Plasticisers Market 2024

Compound Plasticisers Market Size in Bulgaria

The Bulgarian compound plasticisers market soared to $X in 2023, increasing 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). Over the period under review, consumption enjoyed moderate growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Compound Plasticisers Exports

Exports from Bulgaria

After two years of growth, shipments abroad of compound plasticisers for rubber or plastics decreased by X% to X tons in 2023. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2022, and then shrank notably in the following year.

In value terms, compound plasticisers exports contracted dramatically to $X in 2023. Overall, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then fell remarkably in the following year.

Exports by Country

Iran (X tons) was the main destination for compound plasticisers exports from Bulgaria, with a X% share of total exports. Moreover, compound plasticisers exports to Iran exceeded the volume sent to the second major destination, North Macedonia (X tons), threefold. The third position in this ranking was held by Serbia (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Iran stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Serbia (X% per year).

In value terms, North Macedonia ($X), Iran ($X) and Serbia ($X) appeared to be the largest markets for compound plasticisers exported from Bulgaria worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, North Macedonia, with a CAGR of X%, 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 compound plasticisers export price stood at $X per ton in 2023, rising by X% against the previous year. Overall, the export price recorded a buoyant increase. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2023, 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 ($X per ton), while the average price for exports to Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Compound Plasticisers Imports

Imports into Bulgaria

In 2023, after two years of decline, there was significant growth in supplies from abroad of compound plasticisers for rubber or plastics, when their volume increased by X% to X tons. In general, imports recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, compound plasticisers imports surged to $X in 2023. Over the period under review, imports saw pronounced growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in the near future.

Imports by Country

Turkey (X tons), China (X tons) and Argentina (X tons) were the main suppliers of compound plasticisers imports to Bulgaria, together comprising X% of total imports. Germany, Italy and Hungary lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Argentina ($X) appeared to be the largest compound plasticisers suppliers to Bulgaria, together accounting for X% of total imports. Turkey, China and Hungary lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2023, the average compound plasticisers import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price recorded a noticeable contraction. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform