Bulgaria: Overview of the Market for Oils And Other Products Of The Distillation Of High Temperature Coal Tar 2021

Market Size for Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Bulgaria

The Bulgarian oils from coal tar market fell rapidly to $X in 2020, reducing by -X% against the previous year. In general, consumption recorded a abrupt downturn. The growth pace was the most rapid in 2016 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Production of Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Bulgaria

In value terms, oils from coal tar production declined slightly to $X in 2020 estimated in export prices. Over the period under review, production posted a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. from 2019 to 2020, production growth remained at a lower figure.

Exports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Exports from Bulgaria

In 2020, overseas shipments of oils and other products of the distillation of high temperature coal tar decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Overall, exports saw a deep reduction. The growth pace was the most rapid in 2017 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, oils from coal tar exports reduced markedly to $X in 2020. Over the period under review, exports saw a deep setback. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tonnes) was the main destination for oils from coal tar exports from Bulgaria, accounting for a X% share of total exports. Moreover, oils from coal tar exports to Singapore exceeded the volume sent to the second major destination, Gibraltar (X tonnes), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume to Singapore amounted to -X%.

In value terms, Singapore ($X) remains the key foreign market for oils from coal tar exports from Bulgaria, comprising X% of total exports. The second position in the ranking was occupied by Gibraltar ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Singapore amounted to -X%.

Export Prices by Country

The average oils from coal tar export price stood at $X per tonne in 2020, falling by -X% against the previous year. Over the period under review, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2020, the country with the highest price was Singapore ($X per tonne), while the average price for exports to Gibraltar totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Gibraltar.

Imports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Imports into Bulgaria

For the fifth consecutive year, Bulgaria recorded decline in supplies from abroad of oils and other products of the distillation of high temperature coal tar, which decreased by -X% to X tonnes in 2020. Over the period under review, imports faced a precipitous decline. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, oils from coal tar imports shrank sharply to $X in 2020. In general, imports faced a dramatic curtailment. The smallest decline of -X% was in 2014. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Russia (X tonnes) constituted the largest supplier of oils from coal tar to Bulgaria, with a X% share of total imports. Moreover, oils from coal tar imports from Russia exceeded the figures recorded by the second-largest supplier, Slovakia (X tonnes), fivefold. Romania (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Russia totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+X% per year) and Romania (-X% per year).

In value terms, Russia ($X) constituted the largest supplier of oils from coal tar to Bulgaria, comprising X% of total imports. The second position in the ranking was occupied by Slovakia ($X), with a X% share of total imports. It was followed by Romania, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Russia stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+X% per year) and Romania (-X% per year).

Import Prices by Country

In 2020, the average oils from coal tar import price amounted to $X per tonne, which is down by -X% against the previous year. Overall, the import price showed a deep reduction. The growth pace was the most rapid in 2017 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Romania ($X per tonne), while the price for Hungary ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Slovakia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for oils and other products of the distillation of high temperature coal tar in the world?

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China (16M tonnes) remains the largest oils from coal tar consuming country worldwide, accounting for 25% of total volume. Moreover, oils from coal tar consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (4.8M tonnes), threefold. The third position in this ranking was occupied by India (3.7M tonnes), with a 5.7% share.

What are the largest producers of oils and other products of the distillation of high temperature coal tar in the world?

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The countries with the highest volumes of oils from coal tar production in 2020 were Russia (7M tonnes), the U.S. (5.9M tonnes) and Japan (4.9M tonnes), together accounting for 28% of global production. India, Germany, Indonesia, the UK, Nigeria, Malaysia, Angola, Brazil, Pakistan and Turkey lagged somewhat behind, together accounting for a further 34%.

What are the leading suppliers of oils and other products of the distillation of high temperature coal tar to Bulgaria?

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In value terms, Russia ($8.1M) constituted the largest supplier of oils from coal tar to Bulgaria, comprising 64% of total imports. The second position in the ranking was occupied by Slovakia ($2.2M), with a 18% share of total imports. It was followed by Romania, with a 8.5% share.

What are the leading importers of oils and other products of the distillation of high temperature coal tar from Bulgaria?

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In value terms, Singapore ($111M) remains the key foreign market for oils from coal tar exports from Bulgaria, comprising 93% of total exports. The second position in the ranking was occupied by Gibraltar ($6M), with a 5% share of total exports.

What is the average export price for oils and other products of the distillation of high temperature coal tar in Bulgaria?

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In 2020, the average oils from coal tar export price amounted to $896 per tonne, reducing by -17.7% against the previous year.

What is the average import price for oils and other products of the distillation of high temperature coal tar in Bulgaria?

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The average oils from coal tar import price stood at $284 per tonne in 2020, declining by -33.1% against the previous year.