Bulgaria: Iron Oxide Pigments Market Overview 2020

Iron Oxide Pigments Market Size in Bulgaria

The revenue of the iron oxide pigments market in Bulgaria amounted to $X in 2018, jumping 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, iron oxide pigments consumption, however, continues to indicate a drastic slump. The pace of growth appeared the most rapid in 2010 when the market value increased by X% year-to-year. Iron oxide pigments consumption peaked at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Iron Oxide Pigments Exports

Exports from Bulgaria

In 2018, approx. X tonnes of iron oxides and hydroxides were exported from Bulgaria; shrinking by -X% against the previous year. Over the period under review, iron oxide pigments exports continue to indicate a drastic curtailment. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. In that year, iron oxide pigments exports reached their peak of X tonnes. From 2010 to 2018, the growth of iron oxide pigments exports remained at a somewhat lower figure.

In value terms, iron oxide pigments exports stood at $X in 2018. Overall, iron oxide pigments exports continue to indicate a mild decrease. The pace of growth was the most pronounced in 2009 when exports increased by X% against the previous year. In that year, iron oxide pigments exports attained their peak of $X. From 2010 to 2018, the growth of iron oxide pigments exports remained at a lower figure.

Exports by Country

Turkey (X tonnes), Ukraine (X tonnes) and France (X tonnes) were the main destinations of iron oxide pigments exports from Bulgaria, with a combined X% share of total exports. Romania, Georgia, Serbia and Greece lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Greece, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron oxide pigments exported from Bulgaria were Ukraine ($X), Turkey ($X) and France ($X), with a combined X% share of total exports. Serbia, Georgia, Romania and Greece lagged somewhat behind, together comprising a further X the main countries of destination, Greece experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average iron oxide pigments export price stood at $X per tonne in 2018, increasing by X% against the previous year. Over the period under review, the iron oxide pigments export price continues to indicate a resilient expansion. The growth pace was the most rapid in 2018 when the average export price increased by X% year-to-year. In that year, the average export prices for iron oxides and hydroxides attained their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Ukraine ($X per tonne), while the average price for exports to Romania ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine, while the prices for the other major destinations experienced more modest paces of growth.

Iron Oxide Pigments Imports

Imports into Bulgaria

In 2018, the iron oxide pigments imports into Bulgaria amounted to X tonnes, picking up by X% against the previous year. Over the period under review, iron oxide pigments imports, however, continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

In value terms, iron oxide pigments imports totaled $X in 2018. In general, iron oxide pigments imports, however, continue to indicate a drastic decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, iron oxide pigments imports attained their peak figure at $X in 2008; however, from 2009 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the Czech Republic (X tonnes) constituted the largest supplier of iron oxide pigments to Bulgaria, with a X% share of total imports. Moreover, iron oxide pigments imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, China (X tonnes), threefold. The third position in this ranking was occupied by Turkey (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from the Czech Republic totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Turkey (-X% per year).

In value terms, the largest iron oxide pigments suppliers to Bulgaria were the Czech Republic ($X), Germany ($X) and China ($X), with a combined X% share of total imports. Turkey, Greece, Belgium, Romania, Italy and Slovakia lagged somewhat behind, together comprising a further X the main suppliers, Romania recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average iron oxide pigments import price stood at $X per tonne in 2018, increasing by X% against the previous year. Overall, the iron oxide pigments import price, however, continues to indicate a mild deduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2010; however, from 2011 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Slovakia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Turkey, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform