Bulgaria - Isocyanates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIsocyanates Price in Bulgaria - 2023
Contents:
- Isocyanates Price in Bulgaria (CIF) - 2022
- Isocyanates Price in Bulgaria (FOB) - 2022
- Isocyanates Imports in Bulgaria
- Isocyanates Exports in Bulgaria
Isocyanates Price in Bulgaria (CIF) - 2022
In 2022, the average isocyanates import price amounted to $3,296 per ton, growing by 3.8% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, isocyanates import price increased by +70.3% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 55%. As a result, import price reached the peak level of $3,427 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($9,223 per ton), while the price for South Korea ($2,904 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Isocyanates Price in Bulgaria (FOB) - 2022
The average isocyanates export price stood at $4,911 per ton in 2022, increasing by 16% against the previous year. Over the period under review, the export price recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 278% against the previous year. As a result, the export price reached the peak level of $8,437 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($19,000 per ton), while the average price for exports to Germany ($3,242 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+43.5%).
Isocyanates Imports in Bulgaria
In 2022, overseas purchases of isocyanates decreased by -15% to 1.8K tons, falling for the second year in a row after two years of growth. In general, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year. As a result, imports attained the peak of 2.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, isocyanates imports declined to $6.1M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. As a result, imports reached the peak of $6.9M, and then dropped in the following year.
Import of Isocyanates in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 732 | 1,823 | 2,034 | 2,059 | 41.2% |
Hungary | 2,415 | 2,012 | 2,158 | 1,077 | -23.6% |
Belgium | 325 | 720 | 1,091 | 1,030 | 46.9% |
Turkey | 55.2 | 20.8 | 85.5 | 949 | 158.1% |
South Korea | N/A | N/A | 670 | 407 | -39.3% |
Poland | 190 | 278 | 599 | 390 | 27.1% |
Others | 149 | 164 | 244 | 162 | 2.8% |
Total | 3,866 | 5,019 | 6,883 | 6,073 | 16.2% |
Top Suppliers of Isocyanates to Bulgaria in 2022:
- Germany (669.0 tons)
- Belgium (353.5 tons)
- Hungary (333.3 tons)
- Turkey (258.7 tons)
- South Korea (140.0 tons)
- Poland (42.3 tons)
Isocyanates Exports in Bulgaria
In 2022, shipments abroad of isocyanates was finally on the rise to reach 20 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a relatively flat trend pattern.
In value terms, isocyanates exports skyrocketed to $99K in 2022. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Isocyanates in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | N/A | N/A | N/A | 72.2 | 0% |
United Arab Emirates | N/A | N/A | N/A | 23.7 | 0% |
Germany | N/A | N/A | N/A | 1.6 | 0% |
Turkey | 38.4 | N/A | N/A | 0.8 | -72.5% |
Spain | 3.0 | N/A | N/A | 0.1 | -67.8% |
Armenia | N/A | 15.5 | N/A | N/A | 0% |
Others | 4.4 | 2.1 | 0.9 | 0.9 | -41.1% |
Total | 45.8 | 17.6 | 0.9 | 99.4 | 29.5% |
Top Export Markets for Isocyanates from Bulgaria in 2022:
- Spain (undefined tons)
- Poland (17.7 tons)
- United Arab Emirates (1.7 tons)
- Germany (0.5 tons)
- Turkey (0.2 tons)
This report provides an in-depth analysis of the isocyanates 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:
- Prodcom 20144450 - Isocyanates
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the isocyanates market in Bulgaria.
This report provides an in-depth analysis of the market for compounds with other nitrogen function in Bulgaria.
This report provides an in-depth analysis of the global isocyanates market.
This report provides an in-depth analysis of the global market for compounds with other nitrogen function.
This report provides an in-depth analysis of the isocyanates market in Bulgaria.
This report provides an in-depth analysis of the market for compounds with other nitrogen function in Bulgaria.
This report provides an in-depth analysis of the global isocyanates market.
This report provides an in-depth analysis of the global market for compounds with other nitrogen function.
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