Bulgaria: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2022

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Bulgaria

In 2021, the Bulgarian pigments, opacifiers and colours market decreased by less than X% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, enjoyed modest growth. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports from Bulgaria

In 2021, shipments abroad of pigments, opacifiers and colours for ceramics, enamelling or glass was finally on the rise to reach X tons after two years of decline. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, pigments, opacifiers and colours exports soared to $X in 2021. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Armenia (X tons), Romania (X tons) and Iran (X tons) were the main destinations of pigments, opacifiers and colours exports from Bulgaria, together comprising X% of total exports. The United Arab Emirates, Turkey and Russia lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in the United Arab Emirates (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pigments, opacifiers and colours exported from Bulgaria were Iran ($X), the United Arab Emirates ($X) and Turkey ($X), together comprising X% of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +X%, saw the highest growth rate of 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 pigments, opacifiers and colours export price stood at $X per ton in 2021, which is down by -X% against the previous year. Overall, the export price saw a noticeable slump. The growth pace was the most rapid in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($X per ton), while the average price for exports to Armenia ($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 the United Arab Emirates (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports into Bulgaria

In 2021, supplies from abroad of pigments, opacifiers and colours for ceramics, enamelling or glass increased by X% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, pigments, opacifiers and colours imports rose sharply to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value 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, imports increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest pigments, opacifiers and colours supplier to Bulgaria, with a X% share of total imports. Moreover, pigments, opacifiers and colours imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), ninefold. 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 Spain totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Germany (+X% per year).

In value terms, the largest pigments, opacifiers and colours suppliers to Bulgaria were the Netherlands ($X), Spain ($X) and Germany ($X), together accounting for X% of total imports.

The Netherlands, with a CAGR of +X%, recorded 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

In 2021, the average pigments, opacifiers and colours import price amounted to $X per ton, surging by less than X% against the previous year. Over the period under review, import price indicated a buoyant 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, pigments, opacifiers and colours import price increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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