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Bulgaria - Benzoic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBenzoic Acid Price in Bulgaria - 2023
Contents:
- Benzoic Acid Price in Bulgaria (CIF) - 2022
- Benzoic Acid Price in Bulgaria (FOB) - 2022
- Benzoic Acid Imports in Bulgaria
- Benzoic Acid Exports in Bulgaria
Benzoic Acid Price in Bulgaria (CIF) - 2022
The average benzoic acid import price stood at $2,229 per ton in 2022, rising by 27% against the previous year. In general, import price indicated slight growth 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, benzoic acid import price increased by +75.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 38%. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($4,937 per ton), while the price for Austria ($1,804 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Benzoic Acid Price in Bulgaria (FOB) - 2022
The average benzoic acid export price stood at $4,035 per ton in 2022, increasing by 18% against the previous year. Overall, the export price recorded a prominent expansion. The pace of growth appeared the most rapid in 2020 an increase of 40%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($4,432 per ton), while the average price for exports to Romania ($2,291 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 Greece (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Benzoic Acid Imports in Bulgaria
In 2022, the amount of benzoic acid, its salts and esters imported into Bulgaria reached 438 tons, remaining constant against 2021 figures. The total import volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 18% against the previous year. As a result, imports reached the peak of 470 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, benzoic acid imports skyrocketed to $976K in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.9% 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 +72.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Benzoic Acid in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 164 | 198 | 249 | 358 | 29.7% |
Romania | 328 | 272 | 295 | 224 | -11.9% |
Italy | 1.7 | 25.4 | 12.6 | 81.4 | 263.1% |
Poland | 8.1 | 5.0 | 20.3 | 77.0 | 111.8% |
Germany | 31.0 | 31.6 | 73.3 | 63.8 | 27.2% |
Greece | 29.0 | 51.4 | 63.5 | 47.5 | 17.9% |
Austria | 0.7 | 0.8 | 0.9 | 39.7 | 284.2% |
Others | 4.9 | 11.4 | 42.3 | 84.6 | 158.5% |
Total | 567 | 596 | 757 | 976 | 19.8% |
Top Suppliers of Benzoic Acid to Bulgaria in 2022:
- China (191.0 tons)
- Romania (111.1 tons)
- Poland (31.0 tons)
- Italy (22.2 tons)
- Austria (22.0 tons)
- Greece (19.9 tons)
- Germany (12.9 tons)
Benzoic Acid Exports in Bulgaria
In 2022, after three years of growth, there was significant decline in shipments abroad of benzoic acid, its salts and esters, when their volume decreased by -21.6% to 34 tons. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 64% against the previous year. As a result, the exports reached the peak of 43 tons, and then declined markedly in the following year.
In value terms, benzoic acid exports dropped to $137K in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 124%. As a result, the exports attained the peak of $147K, and then fell in the following year.
Export of Benzoic Acid in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Greece | 24.3 | 39.9 | 27.3 | 85.2 | 51.9% |
Albania | 16.5 | 17.0 | 22.7 | 40.4 | 34.8% |
Romania | N/A | 0.3 | 6.0 | 4.4 | 283.0% |
Czech Republic | N/A | N/A | N/A | 3.2 | 0% |
Serbia | N/A | 7.6 | N/A | N/A | 0% |
United Arab Emirates | N/A | N/A | 10.0 | N/A | 0% |
Iran | N/A | N/A | 77.9 | N/A | 0% |
Others | 4.4 | 0.9 | 3.2 | 3.4 | -8.2% |
Total | 45.2 | 65.6 | 147 | 137 | 44.7% |
Top Export Markets for Benzoic Acid from Bulgaria in 2022:
- Greece (19.2 tons)
- Albania (10.6 tons)
- Romania (1.9 tons)
- Czech Republic (1.0 tons)
This report provides an in-depth analysis of the benzoic acid 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 20143363 - Benzoic acid, its salts and esters
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
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