Bulgaria: Polyphenols And Phenol-Alcohols Market 2022

Polyphenols And Phenol-Alcohols Market Size in Bulgaria

In 2021, after three years of growth, there was significant decline in the Bulgarian polyphenols and phenol-alcohols market, when its value decreased by -X% to $X. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Polyphenols And Phenol-Alcohols Production in Bulgaria

In value terms, polyphenols and phenol-alcohols production shrank to $X in 2021 estimated in export price. In general, production, however, showed a mild slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Polyphenols and phenol-alcohols production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Polyphenols And Phenol-Alcohols Exports

Exports from Bulgaria

Polyphenols and phenol-alcohols exports from Bulgaria surged to X tons in 2021, rising by X% compared with the previous year. Overall, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, polyphenols and phenol-alcohols exports surged to $X in 2021. In general, exports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for polyphenols and phenol-alcohols exports from Bulgaria, with a X% share of total exports. It was followed by Romania (X kg), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at -X%.

In value terms, Italy ($X) remains the key foreign market for polyphenols and phenol-alcohols exports from Bulgaria, comprising X% of total exports. The second position in the ranking was occupied by Romania ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy amounted to -X%.

Export Prices by Country

The average polyphenols and phenol-alcohols export price stood at $X per ton in 2021, picking up by X% against the previous year. Overall, the export price, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to Romania stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+X%).

Polyphenols And Phenol-Alcohols Imports

Imports into Bulgaria

In 2021, supplies from abroad of polyphenols and phenol-alcohols decreased by -X% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth imports remained at a lower figure.

In value terms, polyphenols and phenol-alcohols imports skyrocketed to $X in 2021. Overall, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

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

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

In value terms, Croatia ($X) constituted the largest supplier of polyphenols and phenol-alcohols to Bulgaria, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Spain, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Croatia totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Spain (+X% per year).

Import Prices by Country

In 2021, the average polyphenols and phenol-alcohols import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($X per ton), while the price for Spain ($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 Platform