Bulgaria: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in Bulgaria

In 2022, the Bulgarian sulphuric acid market decreased by X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption showed a sharp reduction. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Sulphuric Acid Production in Bulgaria

In value terms, sulphuric acid production amounted to less than $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern.

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Sulphuric Acid Exports

Exports from Bulgaria

In 2022, exports of sulphuric acid and oleum from Bulgaria surged to X tons, jumping by X% against the year before. Overall, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2021 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, sulphuric acid exports soared to $X in 2022. In general, exports enjoyed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Serbia (X tons), Turkey (X tons) and Cyprus (X tons) were the main destinations of sulphuric acid exports from Bulgaria, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cyprus (with a CAGR of X.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Serbia ($X) and Cyprus ($X) constituted the largest markets for sulphuric acid exported from Bulgaria worldwide, together comprising X% of total exports.

Cyprus, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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

The average sulphuric acid export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, export price indicated modest 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. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphuric Acid Imports

Imports into Bulgaria

In 2022, the amount of sulphuric acid and oleum imported into Bulgaria shrank dramatically to X tons, falling by X% against the year before. Over the period under review, imports recorded a perceptible descent. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, sulphuric acid imports shrank notably to $X in 2022. Overall, imports saw a mild contraction. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Slovakia (X tons) constituted the largest sulphuric acid supplier to Bulgaria, with a X% share of total imports. Moreover, sulphuric acid imports from Slovakia exceeded the figures recorded by the second-largest supplier, Serbia (X tons), twofold. Cyprus (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Slovakia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (X% per year) and Cyprus (X% per year).

In value terms, Slovakia ($X), Cyprus ($X) and Serbia ($X) were the largest sulphuric acid suppliers to Bulgaria, with a combined X% share of total imports.

In terms of the main suppliers, Slovakia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average sulphuric acid import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price enjoyed a measured expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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 Cyprus ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform