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Bulgaria - Alkyd Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAlkyd Resins Price in Bulgaria - 2023
Contents:
- Alkyd Resins Price in Bulgaria (FOB) - 2023
- Alkyd Resins Price in Bulgaria (CIF) - 2022
- Alkyd Resins Exports in Bulgaria
- Alkyd Resins Imports in Bulgaria
Alkyd Resins Price in Bulgaria (FOB) - 2023
The average alkyd resins export price stood at $2,622 per ton in July 2023, with an increase of 6.3% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 16% m-o-m. As a result, the export price attained the peak level of $2,769 per ton. From February 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($4,133 per ton), while the average price for exports to Serbia ($1,991 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Alkyd Resins Price in Bulgaria (CIF) - 2022
In 2022, the average alkyd resins import price amounted to $3,188 per ton, surging by 43% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, alkyd resins import price increased by +52.4% against 2018 indices. As a result, import price reached 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 France ($19,003 per ton), while the price for Greece ($1,664 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Alkyd Resins Exports in Bulgaria
In 2022, shipments abroad of alkyd resins in primary forms decreased by -10.5% to 7.5K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 26% against the previous year. As a result, the exports attained the peak of 8.9K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, alkyd resins exports skyrocketed to $16M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.4% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 19%. The exports peaked in 2022 and are likely to continue growth in years to come.
Export of Alkyd Resins in Bulgaria (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 3.4 | 4.4 | 4.8 | 5.2 | 15.2% |
Serbia | 1.8 | 3.1 | 2.9 | 3.2 | 21.1% |
Russia | 0.2 | 0.1 | 0.1 | 2.0 | 115.4% |
France | 0.7 | 0.4 | 0.9 | 1.6 | 31.7% |
Ukraine | 0.6 | 0.7 | 1.3 | 0.9 | 14.5% |
Greece | 0.9 | 0.9 | 1.3 | 0.8 | -3.9% |
Poland | 0.3 | 0.5 | 0.2 | 0.5 | 18.6% |
Others | 1.6 | 1.3 | 2.0 | 2.1 | 9.5% |
Total | 9.6 | 11.4 | 13.6 | 16.2 | 19.1% |
Top Export Markets for Alkyd Resins from Bulgaria in 2022:
- Romania (2626.5 tons)
- Serbia (1592.5 tons)
- France (703.3 tons)
- Russia (561.2 tons)
- Ukraine (428.6 tons)
- Greece (380.5 tons)
- Poland (274.3 tons)
Alkyd Resins Imports in Bulgaria
Alkyd resins imports into Bulgaria shrank markedly to 240 tons in 2022, waning by -18.7% on the year before. In general, imports showed a noticeable slump. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of 295 tons, and then contracted dramatically in the following year.
In value terms, alkyd resins imports surged to $765K in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Alkyd Resins in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | N/A | N/A | 106 | 217 | 104.7% |
Romania | 49.0 | 75.8 | 79.7 | 187 | 56.3% |
Turkey | 245 | 149 | 345 | 172 | -11.1% |
Italy | 73.0 | 84.5 | 34.8 | 82.7 | 4.2% |
Slovenia | 76.9 | 74.0 | 71.3 | 61.3 | -7.3% |
Egypt | N/A | N/A | N/A | 33.6 | 0% |
Greece | N/A | N/A | N/A | 7.6 | 0% |
Others | 47.0 | 40.8 | 20.1 | 4.0 | -56.0% |
Total | 491 | 424 | 657 | 765 | 15.9% |
Top Suppliers of Alkyd Resins to Bulgaria in 2022:
- Romania (84.1 tons)
- Turkey (82.4 tons)
- Slovenia (24.3 tons)
- Italy (18.9 tons)
- Egypt (13.0 tons)
- France (11.4 tons)
- Greece (4.6 tons)
This report provides an in-depth analysis of the alkyd resins 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 20164050 - Alkyd resins, in primary forms
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
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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
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