Bulgaria: Wool Grease Market 2024

Wool Grease Market Size in Bulgaria

The Bulgarian wool grease market totaled $X in 2022, approximately reflecting the previous year. Over the period under review, consumption, however, recorded a noticeable decrease. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Wool Grease Production in Bulgaria

In value terms, wool grease production fell to $X in 2022 estimated in export price. In general, production saw a mild decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Wool grease production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Wool Grease Exports

Exports from Bulgaria

In 2022, approx. X tons of wool grease and fatty substances were exported from Bulgaria; increasing by X% against the previous year's figure. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, wool grease exports surged to $X in 2022. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for wool grease exports from Bulgaria, with a X% share of total exports. Moreover, wool grease exports to the UK exceeded the volume sent to the second major destination, Germany (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Uruguay (X% per year).

In value terms, the UK ($X) remains the key foreign market for wool grease and fatty substances exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Uruguay (X% per year).

Export Prices by Country

The average wool grease export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

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

Wool Grease Imports

Imports into Bulgaria

Wool grease imports into Bulgaria surged to X tons in 2022, picking up by X% on the previous year. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wool grease imports skyrocketed to $X in 2022. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) was the main supplier of wool grease to Bulgaria, with a X% share of total imports. Moreover, wool grease imports from Belgium exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of wool grease and fatty substances to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Belgium totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average wool grease import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, 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 the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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