Bulgaria: Market for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) 2024

Market Size for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in Bulgaria

The Bulgarian propyl and isopropyl alcohol market shrank to $X in 2022, dropping by -5.9% against the previous year. In general, consumption saw a abrupt descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in Bulgaria

In value terms, propyl and isopropyl alcohol production expanded markedly to $X in 2022 estimated in export price. In general, production continues to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)

Exports from Bulgaria

Propyl and isopropyl alcohol exports from Bulgaria soared to X tons in 2022, picking up by 74% compared with the previous year's figure. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2017 with an increase of 824%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, propyl and isopropyl alcohol exports skyrocketed to $X in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 952% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Greece (X tons), Italy (X tons) and Hungary (X tons) were the main destinations of propyl and isopropyl alcohol exports from Bulgaria, together accounting for 61% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +1,081.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for propyl and isopropyl alcohol exported from Bulgaria were Greece ($X), Hungary ($X) and Italy ($X), together accounting for 59% of total exports.

Among the main countries of destination, Italy, with a CAGR of +864.8%, recorded 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

In 2022, the average propyl and isopropyl alcohol export price amounted to $X per ton, picking up by 6.1% against the previous year. Over the period under review, the export price, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Poland ($X per ton) and North Macedonia ($X per ton), while the average price for exports to Italy ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)

Imports into Bulgaria

In 2022, approx. X tons of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) were imported into Bulgaria; with an increase of 22% on 2021. Overall, imports recorded strong growth. The pace of growth was the most pronounced in 2013 when imports increased by 56%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, propyl and isopropyl alcohol imports skyrocketed to $X in 2022. In general, imports saw buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 97%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Azerbaijan (X tons), Turkey (X tons) and Germany (X tons) were the main suppliers of propyl and isopropyl alcohol imports to Bulgaria, with a combined 95% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Azerbaijan (with a CAGR of +165.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest propyl and isopropyl alcohol suppliers to Bulgaria were Turkey ($X), Azerbaijan ($X) and Germany ($X), together accounting for 89% of total imports.

Among the main suppliers, Azerbaijan, with a CAGR of +166.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average propyl and isopropyl alcohol import price stood at $X per ton in 2022, increasing by 10% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 51%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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