Bulgaria - Phosphoric Acid and Polyphosphoric Acids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPhosphoric Acid Price in Bulgaria - 2023
Contents:
- Phosphoric Acid Price in Bulgaria (CIF) - 2023
- Phosphoric Acid Price in Bulgaria (FOB) - 2022
- Phosphoric Acid Imports in Bulgaria
- Phosphoric Acid Exports in Bulgaria
Phosphoric Acid Price in Bulgaria (CIF) - 2023
In August 2023, the average phosphoric acid import price amounted to $1,164 per ton, shrinking by -13.8% against the previous month. Overall, the import price showed a perceptible reduction. The most prominent rate of growth was recorded in March 2023 an increase of 3.7% m-o-m. The import price peaked at $2,055 per ton in August 2022; however, from September 2022 to August 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the highest price was recorded for prices from China ($1,261 per ton) and Serbia ($1,209 per ton), while the price for Israel ($1,028 per ton) and Greece ($1,138 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Turkey (+15.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Phosphoric Acid Price in Bulgaria (FOB) - 2022
The average phosphoric acid export price stood at $231 per ton in 2022, reducing by -81.3% against the previous year. Overall, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 29% against the previous year. The export price peaked at $1,325 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($278 per ton) and Italy ($265 per ton), while the average price for exports to North Macedonia ($204 per ton) and Slovakia ($218 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (-14.0%), while the prices for the other major destinations experienced a decline.
Phosphoric Acid Imports in Bulgaria
In 2022, the amount of phosphoric acid and polyphosphoric acids imported into Bulgaria soared to 3.6K tons, rising by 30% on 2021 figures. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 109%. As a result, imports reached the peak of 4.2K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, phosphoric acid imports skyrocketed to $7.2M in 2022. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Phosphoric Acid in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 422 | 355 | 227 | 2,128 | 71.5% |
Turkey | N/A | 14.6 | 32.0 | 1,967 | 1060.7% |
Israel | 458 | 1,655 | 1,289 | 1,047 | 31.7% |
Serbia | 189 | 221 | 213 | 1,030 | 76.0% |
Slovenia | 20.7 | 152 | 532 | 537 | 196.0% |
Greece | 436 | 21.1 | 39.0 | 191 | -24.1% |
Others | 38.7 | 88.4 | 261 | 283 | 94.1% |
Total | 1,565 | 2,507 | 2,592 | 7,184 | 66.2% |
Top Suppliers of Phosphoric Acid to Bulgaria in 2022:
- China (968.4 tons)
- Serbia (823.8 tons)
- Turkey (740.7 tons)
- Israel (571.2 tons)
- Slovenia (227.3 tons)
- Greece (93.0 tons)
Phosphoric Acid Exports in Bulgaria
For the fourth year in a row, Bulgaria recorded growth in shipments abroad of phosphoric acid and polyphosphoric acids, which increased by 423% to 782 tons in 2022. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, phosphoric acid exports reduced modestly to $180K in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.9% 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 +47.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 31%.
Export of Phosphoric Acid in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | N/A | N/A | N/A | 79.0 | 0% |
Italy | N/A | N/A | N/A | 43.7 | 0% |
North Macedonia | 65.7 | 52.8 | 157 | 20.3 | -32.4% |
Greece | 21.8 | 27.9 | 5.7 | 13.9 | -13.9% |
Romania | 34.6 | 21.5 | 1.2 | 12.7 | -28.4% |
Germany | N/A | N/A | N/A | 6.3 | 0% |
Slovakia | N/A | N/A | N/A | 2.8 | 0% |
Turkey | N/A | 56.7 | N/A | N/A | 0% |
Others | N/A | 0.7 | 19.9 | 1.7 | 55.8% |
Total | 122 | 159 | 184 | 180 | 13.8% |
Top Export Markets for Phosphoric Acid from Bulgaria in 2022:
- Poland (357.9 tons)
- Italy (164.8 tons)
- North Macedonia (99.6 tons)
- Greece (58.7 tons)
- Romania (55.4 tons)
- Germany (22.7 tons)
- Slovakia (12.8 tons)
This report provides an in-depth analysis of the phosphoric 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 20132455 - Phosphoric acid and polyphosphoric acids
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
This report provides an in-depth analysis of the phosphoric acid market in Bulgaria.
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This report provides an in-depth analysis of the phosphoric acid market in Bulgaria.
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Explore the top import markets for phosphoric acid globally and understand the key players driving the demand for this essential chemical compound.
In value terms, diphosphorus pentoxide, phosphoric acid and polyphosphoric acids imports totaled $X in 2016. Overall, it indicated a notable growth from 2007 to 2016: the total imports value increa...
In value terms, diphosphorus pentoxide, phosphoric acid and polyphosphoric acids exports totaled $X in 2016. Overall, it indicated a measured growth from 2007 to 2016: the total exports value decre...
Explore the top import markets for phosphoric acid globally and understand the key players driving the demand for this essential chemical compound.
In value terms, diphosphorus pentoxide, phosphoric acid and polyphosphoric acids imports totaled $X in 2016. Overall, it indicated a notable growth from 2007 to 2016: the total imports value increa...
In value terms, diphosphorus pentoxide, phosphoric acid and polyphosphoric acids exports totaled $X in 2016. Overall, it indicated a measured growth from 2007 to 2016: the total exports value decre...