Carbonates; Potassium Carbonate Price in Bulgaria - 2023

Contents:

  1. Carbonates; Potassium Carbonate Price in Bulgaria (CIF) - 2022
  2. Carbonates; Potassium Carbonate Price in Bulgaria (FOB) - 2022
  3. Carbonates; Potassium Carbonate Imports in Bulgaria
  4. Carbonates; Potassium Carbonate Exports in Bulgaria

Carbonates; Potassium Carbonate Price in Bulgaria (CIF) - 2022

The average carbonates; potassium carbonate import price stood at $2,334 per ton in 2022, growing by 54% against the previous year. Over the period under review, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 58%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($2,994 per ton) and South Korea ($2,578 per ton), while the price for Turkey ($2,219 per ton) and Italy ($2,233 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+70.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Carbonates; Potassium Carbonate Price in Bulgaria (FOB) - 2022

In 2021, the average carbonates; potassium carbonate export price amounted to $1,385 per ton, picking up by 46% against the previous year. In general, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $1,398 per ton in 2017; afterwards, it flattened through to 2021.

As there is only one major export destination, the average price level is determined by prices for Greece.

From 2012 to 2021, the rate of growth in terms of prices for North Macedonia amounted to +6.4% per year.

Carbonates; Potassium Carbonate Imports in Bulgaria

In 2022, the amount of carbonates; potassium carbonates imported into Bulgaria declined notably to 136 tons, with a decrease of -17.4% against the previous year. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 45%. As a result, imports attained the peak of 164 tons, and then shrank sharply in the following year.

In value terms, carbonates; potassium carbonate imports soared to $317K in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 130% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Import of Carbonates; Potassium Carbonate in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy68.612.511517536.6%
South KoreaN/A22.1N/A78.188.0%
Germany60.04.553.359.4-0.3%
Spain27.141.340.10.3-77.7%
TurkeyN/AN/A28.60.1-99.7%
RussiaN/A11.01.5N/A-86.4%
NetherlandsN/A12.44.9N/A-60.5%
Others8.44.85.84.1-21.3%
Total16410925031724.6%

Top Suppliers of Carbonates; Potassium Carbonate to Bulgaria in 2022:

  1. Italy (78.4 tons)
  2. South Korea (30.3 tons)
  3. Germany (25.4 tons)
  4. Spain (0.3 tons)
  5. Turkey (0.1 tons)

Carbonates; Potassium Carbonate Exports in Bulgaria

Carbonates; potassium carbonate exports from Bulgaria declined significantly to 6 tons in 2021, which is down by -86.4% compared with 2020 figures. Overall, exports faced a dramatic slump.

In value terms, carbonates; potassium carbonate exports shrank significantly to $8.3K in 2021. In general, exports recorded a sharp descent.

Export of Carbonates; Potassium Carbonate in Bulgaria (Thousand USD)
COUNTRY20202021CAGR,
2020-2021
Greece40.68.3-79.6%
Kosovo1.0N/A0%
OthersN/AN/A0%
Total41.78.3-80.1%

Top Export Markets for Carbonates; Potassium Carbonate from Bulgaria in 2022:

  1. Greece (6.0 tons)

Source: IndexBox Market Intelligence Platform

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