Bulgaria: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in Bulgaria

The Bulgarian sodium triphosphate market skyrocketed to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt downturn. Sodium triphosphate consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sodium Triphosphate Production in Bulgaria

In value terms, sodium triphosphate production totaled $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with a decrease of X% against the previous year. Sodium triphosphate production peaked in 2022 and is likely to see steady growth in years to come.

Sodium Triphosphate Exports

Exports from Bulgaria

In 2022, the amount of sodium triphosphate (sodium tripolyphosphates) exported from Bulgaria rose sharply to X tons, increasing by X% on the previous year's figure. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, sodium triphosphate exports soared to $X in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Greece (X tons) was the main destination for sodium triphosphate exports from Bulgaria, with a X% share of total exports. Moreover, sodium triphosphate exports to Greece exceeded the volume sent to the second major destination, Romania (X tons), fivefold. The third position in this ranking was taken by Belgium (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Belgium (X% per year).

In value terms, Greece ($X) remains the key foreign market for sodium triphosphate (sodium tripolyphosphates) exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Romania ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Greece totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Belgium (X% per year).

Export Prices by Country

The average sodium triphosphate export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sodium triphosphate export price increased by X% against 2019 indices. 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 external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to North Macedonia ($X per ton) and Greece ($X per ton), while the average price for exports to Belgium ($X per ton) and Romania ($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 North Macedonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Triphosphate Imports

Imports into Bulgaria

In 2022, purchases abroad of sodium triphosphate (sodium tripolyphosphates) increased by X% to X tons, rising for the third year in a row after two years of decline. In general, imports, however, faced a deep setback. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sodium triphosphate imports surged to $X in 2022. Over the period under review, imports, however, recorded a deep downturn. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X tons), China (X tons) and Russia (X tons) were the main suppliers of sodium triphosphate imports to Bulgaria, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), China ($X) and Russia ($X) constituted the largest sodium triphosphate suppliers to Bulgaria, together accounting for X% of total imports.

Among the main suppliers, Russia, with a CAGR of X%, saw the highest growth rate of 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 sodium triphosphate import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sodium triphosphate import price increased by X% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Greece ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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