Report Bulgaria - Liquefied Petroleum Gas (LPG) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Nov 30, 2022

Bulgaria - Liquefied Petroleum Gas (LPG) - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Market for Liquefied Petroleum Gas (LPG) 2022

Market Size for Liquefied Petroleum Gas (LPG) in Bulgaria

In 2021, after two years of decline, there was significant growth in the Bulgarian liquefied petroleum gas (LPG) market, when its value increased by 37% to $X. Over the period under review, consumption, however, recorded a slight downturn. Liquefied petroleum gas (LPG) consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Liquefied Petroleum Gas (LPG) in Bulgaria

In value terms, liquefied petroleum gas (LPG) production soared to $X in 2021 estimated in export price. In general, production showed a abrupt curtailment. Liquefied petroleum gas (LPG) production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports from Bulgaria

In 2021, shipments abroad of liquefied petroleum gas (LPG) decreased by -1.6% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, exports, however, posted pronounced growth. The most prominent rate of growth was recorded in 2019 when exports increased by 46% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) exports surged to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 77%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

North Macedonia (X tons) was the main destination for liquefied petroleum gas (LPG) exports from Bulgaria, with a 70% share of total exports. Moreover, liquefied petroleum gas (LPG) exports to North Macedonia exceeded the volume sent to the second major destination, Croatia (X tons), threefold. The third position in this ranking was taken by Serbia (X tons), with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to North Macedonia totaled +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+47.2% per year) and Serbia (+8.3% per year).

In value terms, North Macedonia ($X) remains the key foreign market for liquefied petroleum gas (LPG) exports from Bulgaria, comprising 69% of total exports. The second position in the ranking was held by Croatia ($X), with a 28% share of total exports. It was followed by Serbia, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value to North Macedonia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+52.0% per year) and Serbia (-1.4% per year).

Export Prices by Country

The average liquefied petroleum gas (LPG) export price stood at $X per ton in 2021, increasing by 49% against the previous year. Over the period under review, the export price, however, saw a perceptible curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+330.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Liquefied Petroleum Gas (LPG)

Imports into Bulgaria

In 2021, purchases abroad of liquefied petroleum gas (LPG) was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 19% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Romania (X tons), Russia (X tons) and Switzerland (X tons) were the main suppliers of liquefied petroleum gas (LPG) imports to Bulgaria, together comprising 76% of total imports. These countries were followed by Turkey, Albania, Ukraine, Italy, Kazakhstan and the Czech Republic, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +127.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Russia ($X) and Switzerland ($X) constituted the largest liquefied petroleum gas (LPG) suppliers to Bulgaria, with a combined 74% share of total imports. These countries were followed by Turkey, Albania, Italy, Ukraine, Kazakhstan and the Czech Republic, which together accounted for a further 16%.

In terms of the main suppliers, Italy, with a CAGR of +121.3%, saw the highest rates of growth with regard to 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

The average liquefied petroleum gas (LPG) import price stood at $X per ton in 2021, picking up by 69% against the previous year. Overall, the import price, however, continues to indicate a pronounced decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+11.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for liquefied petroleum gas (lpg) in the world?
+
The countries with the highest volumes of consumption in 2021 were China, India and Russia, with a combined 40% share of global consumption.
What are the largest producers of liquefied petroleum gas (lpg) in the world?
+
The United States constituted the country with the largest volume of liquefied petroleum gas LPG) production, comprising approx. 28% of total volume. Moreover, liquefied petroleum gas LPG) production in the United States exceeded the figures recorded by the second-largest producer, China, threefold. The third position in this ranking was held by Saudi Arabia, with an 8.3% share.
What are the leading suppliers of liquefied petroleum gas (lpg) to Bulgaria?
+
In value terms, the largest liquefied petroleum gas LPG) suppliers to Bulgaria were Romania, Russia and Switzerland, together accounting for 74% of total imports. Turkey, Albania, Italy, Ukraine, Kazakhstan and the Czech Republic lagged somewhat behind, together comprising a further 16%.
What are the leading importers of liquefied petroleum gas (lpg) from Bulgaria?
+
In value terms, North Macedonia remains the key foreign market for liquefied petroleum gas LPG) exports from Bulgaria, comprising 69% of total exports. The second position in the ranking was held by Croatia, with a 28% share of total exports. It was followed by Serbia, with a 2.6% share.
What is the average export price for liquefied petroleum gas (lpg) in Bulgaria?
+
In 2021, the average liquefied petroleum gas LPG) export price amounted to $727 per ton, growing by 49% against the previous year.
What is the average import price for liquefied petroleum gas (lpg) in Bulgaria?
+
In 2021, the average liquefied petroleum gas LPG) import price amounted to $635 per ton, with an increase of 69% against the previous year.

This report provides an in-depth analysis of the market for liquefied petroleum gas (lpg) in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
Country coverage:
• Bulgaria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Bulgaria
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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