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Bulgaria - Nucleic Acids and Their Salts - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Nucleic Acids Market 2022

Nucleic Acids Market Size in Bulgaria

For the third year in a row, the Bulgarian nucleic acids market recorded growth in sales value, which increased by X% to $X in 2021. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2015 indices. Nucleic acids consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Nucleic Acids Exports

Exports from Bulgaria

In 2021, the amount of nucleic acids and their salts exported from Bulgaria soared to X tons, surging by X% compared with the year before. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, nucleic acids exports skyrocketed to $X in 2021. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Serbia (X tons), Romania (X tons) and Greece (X tons) were the main destinations of nucleic acids exports from Bulgaria, with a combined X% share of total exports.

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

In value terms, the largest markets for nucleic acids exported from Bulgaria were Greece ($X), Romania ($X) and Serbia ($X), with a combined X% share of total exports.

Among the main countries of destination, Greece, with a CAGR of +X%, recorded the highest rates of growth with regard to 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 nucleic acids export price stood at $X per ton in 2021, falling by -X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Greece ($X per ton), while the average price for exports to Serbia ($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 Greece (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Nucleic Acids Imports

Imports into Bulgaria

In 2021, nucleic acids imports into Bulgaria skyrocketed to X tons, jumping by X% against the previous year. In general, total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, nucleic acids imports skyrocketed to $X in 2021. Overall, imports posted a resilient expansion. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest nucleic acids supplier to Bulgaria, accounting for a X% share of total imports. Moreover, nucleic acids imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Germany (+X% per year).

In value terms, India ($X), China ($X) and France ($X) were the largest nucleic acids suppliers to Bulgaria, together accounting for X% of total imports.

France, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nucleic acids import price stood at $X per ton in 2021, with an increase of X% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nucleic acids import price increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

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 nucleic acids and their salts in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 38% share of global consumption. These countries were followed by Italy, France, Brazil, Ireland, Germany, Japan, South Korea, Indonesia, Russia and the UK, which together accounted for a further 38%.

What are the largest producers of nucleic acids and their salts in the world?

China remains the largest nucleic acids producing country worldwide, accounting for 42% of total volume. Moreover, nucleic acids production in China exceeded the figures recorded by the second-largest producer, Germany, fivefold. Belgium ranked third in terms of total production with a 6.9% share.

What are the leading suppliers of nucleic acids and their salts to Bulgaria?

In value terms, the largest nucleic acids suppliers to Bulgaria were India, China and France, with a combined 79% share of total imports.

What are the leading importers of nucleic acids and their salts from Bulgaria?

In value terms, the largest markets for nucleic acids exported from Bulgaria were Greece, Romania and Serbia, together accounting for 94% of total exports.

What is the average export price for nucleic acids and their salts in Bulgaria?

The average nucleic acids export price stood at $9,431 per ton in 2021, waning by -55.7% against the previous year.

What is the average import price for nucleic acids and their salts in Bulgaria?

In 2021, the average nucleic acids import price amounted to $19,778 per ton, growing by 19% against the previous year.

This report provides an in-depth analysis of the nucleic acids market 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:

• Prodcom 20145290 - Compounds containing in the structure an unfused pyridine ring or a quinoline or isoquinoline ring-system, not further fused, lactames, other heterocyclic compounds with nitrogen hetero-atom(s) only (excluding compounds containing in the structure an unfused pyrazole ring, an unfused imidazole ring, a pyrimidine ring, a piperazine ring or an unfused triazine ring) N ucleic acids and other heterocyclic compounds - thiazole, b enzothiazole, other cycles

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