Price for Petroleum Gases and Other Gaseous Hydrocarbons in Bulgaria - 2023

Contents:

1. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Bulgaria (CIF) - 2022
2. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Bulgaria (FOB) - 2022
3. Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Bulgaria
4. Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Bulgaria

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Bulgaria (CIF) - 2022

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $683 per ton in 2022, with an increase of 22% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 24% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,898 per ton), while the price for Russia ($582 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.7%), while the prices for the other major suppliers experienced a decline.

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Bulgaria (FOB) - 2022

In 2022, the average export price for petroleum gases and other gaseous hydrocarbonses amounted to $940 per ton, rising by 8.8% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 160%. The export price peaked at $1,012 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Romania ($1,005 per ton) and North Macedonia ($949 per ton), while the average price for exports to Serbia ($704 per ton) and Greece ($837 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 North Macedonia (-0.2%), while the prices for the other major destinations experienced a decline.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Bulgaria

In 2022, imports of petroleum gases and other gaseous hydrocarbonses into Bulgaria soared to 4.9M tons, rising by 53% against 2021 figures. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 159%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses skyrocketed to $3.4B in 2022. Overall, imports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 220% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons to Bulgaria in 2022:

1. Russia (2286.8K tons)
2. Greece (1382.2K tons)
3. Turkey (465.9K tons)
4. Azerbaijan (443.4K tons)
5. Romania (132.9K tons)
6. United States (121.1K tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Bulgaria

In 2022, the amount of petroleum gases and other gaseous hydrocarbonses exported from Bulgaria surged to 862K tons, rising by 142% against the year before. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 299%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses soared to $810M in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 939% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons from Bulgaria in 2022:

1. Romania (518.6K tons)
2. Greece (270.1K tons)
3. Serbia (39.4K tons)
4. North Macedonia (17.6K tons)

Source: IndexBox Market Intelligence Platform