Report Bulgaria - Sodium Nitrate - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jul 27, 2022

Bulgaria - Sodium Nitrate - Market Analysis, Forecast, Size, Trends and Insights
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Bulgaria: Sodium Nitrate Market 2022

Sodium Nitrate Market Size in Bulgaria

The Bulgarian sodium nitrate market skyrocketed to $X in 2021, jumping by X% against the previous year. Overall, consumption saw a strong expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Sodium Nitrate Production in Bulgaria

In value terms, sodium nitrate production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2016 with an increase of X%. Sodium nitrate production peaked at $X in 2017; afterwards, it flattened through to 2021.

Sodium Nitrate Exports

Exports from Bulgaria

In 2021, approx. X tons of sodium nitrate were exported from Bulgaria; with a decrease of -X% against the previous year's figure. In general, exports saw a sharp contraction. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sodium nitrate exports fell significantly to $X in 2021. Over the period under review, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Greece (X tons), Serbia (X tons) and North Macedonia (X tons) were the main destinations of sodium nitrate exports from Bulgaria, together accounting for X% of total exports.

From 2012 to 2021, the biggest increases were in North Macedonia (with a CAGR of +X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Greece ($X), Serbia ($X) and North Macedonia ($X) were the largest markets for sodium nitrate exported from Bulgaria worldwide, with a combined X% share of total exports.

North Macedonia, with a CAGR of +X%, recorded the highest rates of growth with regard to 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

In 2021, the average sodium nitrate export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price recorded strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, the countries with the highest prices were Greece ($X per ton) and North Macedonia ($X per ton), while the average price for exports to Serbia ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Nitrate Imports

Imports into Bulgaria

In 2021, overseas purchases of sodium nitrate were finally on the rise to reach X tons after two years of decline. Overall, imports posted a significant increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, sodium nitrate imports soared to $X in 2021. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Latvia (X tons) constituted the largest supplier of sodium nitrate to Bulgaria, with a X% share of total imports. Moreover, sodium nitrate imports from Latvia exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. 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 Latvia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+X% per year) and Germany (+X% per year).

In value terms, Latvia ($X) constituted the largest supplier of sodium nitrate to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Latvia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Russia (+X% per year).

Import Prices by Country

The average sodium nitrate import price stood at $X per ton in 2021, reducing by -X% against the previous year. In general, the import price showed a pronounced reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2016 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 Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for sodium nitrate in the world?
+
The country with the largest volume of sodium nitrate consumption was Chile, accounting for 46% of total volume. Moreover, sodium nitrate consumption in Chile exceeded the figures recorded by the second-largest consumer, China, eightfold. The third position in this ranking was held by Ukraine, with a 5.2% share.
What are the largest producers of sodium nitrate in the world?
+
Chile constituted the country with the largest volume of sodium nitrate production, comprising approx. 51% of total volume. Moreover, sodium nitrate production in Chile exceeded the figures recorded by the second-largest producer, China, sixfold. The third position in this ranking was taken by Denmark, with an 8.3% share.
What are the leading suppliers of sodium nitrate to Bulgaria?
+
In value terms, Latvia constituted the largest supplier of sodium nitrate to Bulgaria, comprising 58% of total imports. The second position in the ranking was taken by Germany, with a 19% share of total imports. It was followed by Russia, with a 17% share.
What are the leading importers of sodium nitrate from Bulgaria?
+
In value terms, the largest markets for sodium nitrate exported from Bulgaria were Greece, Serbia and North Macedonia, with a combined 83% share of total exports.
What is the average export price for sodium nitrate in Bulgaria?
+
The average sodium nitrate export price stood at $744 per ton in 2021, growing by 67% against the previous year.
What is the average import price for sodium nitrate in Bulgaria?
+
In 2021, the average sodium nitrate import price amounted to $645 per ton, falling by -4% against the previous year.

This report provides an in-depth analysis of the sodium nitrate market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 4005 -
Country coverage:
• Bulgaria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Bulgaria
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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