Bulgaria: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Bulgaria

The Bulgarian phosphinates and phosphonates market rose to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Phosphinates And Phosphonates Production in Bulgaria

In value terms, phosphinates and phosphonates production rose markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Phosphinates And Phosphonates Exports

Exports from Bulgaria

In 2022, phosphinates and phosphonates exports from Bulgaria was estimated at X tons, remaining relatively unchanged against the previous year's figure. Overall, exports continue to indicate a significant increase. The smallest decline of X% was in 2018. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, phosphinates and phosphonates exports totaled $X in 2022. In general, exports enjoyed a significant increase. The smallest decline of X% was in 2018. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Romania (X tons) was the main destination for phosphinates and phosphonates exports from Bulgaria, accounting for a X% share of total exports. Moreover, phosphinates and phosphonates exports to Romania exceeded the volume sent to the second major destination, North Macedonia (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and the Netherlands (X% per year).

In value terms, the largest markets for phosphinates and phosphonates exported from Bulgaria were Romania ($X), North Macedonia ($X) and the Netherlands ($X).

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average phosphinates and phosphonates export price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the export price recorded a resilient increase. The growth pace was the most rapid in 2018 a decrease of X%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Romania ($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 the Netherlands (X%).

Phosphinates And Phosphonates Imports

Imports into Bulgaria

In 2022, overseas purchases of phosphinates (hypophosphites) and phosphonates (phosphites) decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, phosphinates and phosphonates imports dropped to $X in 2022. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest phosphinates and phosphonates supplier to Bulgaria, with a X% share of total imports. Moreover, phosphinates and phosphonates imports from Poland exceeded the figures recorded by the second-largest supplier, Romania (X kg), twofold. The third position in this ranking was taken by Italy (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Italy (X% per year).

In value terms, Poland ($X) constituted the largest supplier of phosphinates (hypophosphites) and phosphonates (phosphites) to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Romania ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average phosphinates and phosphonates import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price showed a resilient increase. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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