Bulgaria: Market for Sulphates Of Barium Or Aluminium 2023

Market Size for Sulphates Of Barium Or Aluminium in Bulgaria

The Bulgarian barium or aluminium sulphates market soared to $X in 2021, jumping by 87% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a slight decrease. Barium or aluminium sulphates consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from Bulgaria

In 2021, after two years of decline, there was significant growth in shipments abroad of sulphates of barium or aluminium, when their volume increased by 6,128% to X tons. Overall, exports, however, showed a abrupt slump. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates exports surged to $X in 2021. Over the period under review, exports, however, saw a abrupt decrease. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for barium or aluminium sulphates exports from Bulgaria, accounting for a 96% share of total exports. Moreover, barium or aluminium sulphates exports to Turkey exceeded the volume sent to the second major destination, Belarus (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Turkey was relatively modest.

In value terms, Turkey ($X) and Belarus ($X) constituted the largest markets for barium or aluminium sulphates exported from Bulgaria worldwide.

Among the main countries of destination, Belarus, with a CAGR of +25.3%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2021, dropping by -88.3% against the previous year. In general, the export price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2020 an increase of 975% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced notably in the following year.

Prices varied noticeably country of destination: the country with the highest price was Belarus ($X per ton), while the average price for exports to Turkey stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into Bulgaria

In 2021, supplies from abroad of sulphates of barium or aluminium increased by 99% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 219% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, barium or aluminium sulphates imports skyrocketed to $X in 2021. In general, imports, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2015 with an increase of 117% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Romania (X tons), Turkey (X tons) and China (X tons) were the main suppliers of barium or aluminium sulphates imports to Bulgaria, with a combined 100% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +28.7%), while purchases for the other leaders experienced a decline.

In value terms, the largest barium or aluminium sulphates suppliers to Bulgaria were Romania ($X), Turkey ($X) and China ($X), with a combined 95% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +26.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average barium or aluminium sulphates import price stood at $X per ton in 2021, shrinking by -10.3% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 23% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :