Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Bulgaria - 2023

Contents:

1. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Bulgaria (CIF) - 2023
2. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Bulgaria (FOB) - 2022
3. Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Bulgaria
4. Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Bulgaria

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Bulgaria (CIF) - 2023

In October 2023, the average import price for polymers, natural; alginic acid, its salts and esters, in primary formses amounted to $14,535 per ton, surging by 19% against the previous month. Over the period under review, the import price showed a measured increase. The growth pace was the most rapid in July 2023 an increase of 93% month-to-month. Over the period under review, average import prices hit record highs at $23,842 per ton in January 2023; however, from February 2023 to October 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From October 2022 to October 2023, the rate of growth in terms of prices for France amounted to +10.6% per month.

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Bulgaria (FOB) - 2022

The average export price for polymers, natural; alginic acid, its salts and esters, in primary formses stood at $13,402 per ton in 2022, rising by 21% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 57% against the previous year. The export price peaked at $14,861 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Poland ($18,140 per ton), while the average price for exports to Romania ($7,413 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 Poland (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Bulgaria

In 2022, overseas purchases of polymers, natural; alginic acid, its salts and esters, in primary formses decreased by -2.6% to 111 tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 28% against the previous year. As a result, imports attained the peak of 222 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of polymers, natural; alginic acid, its salts and esters, in primary formses rose sharply to $1.3M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.1% 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 +48.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 18% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms to Bulgaria in 2022:

1. Spain (59.3 tons)
2. China (20.9 tons)
3. Germany (15.7 tons)
4. Italy (3.9 tons)
5. France (3.6 tons)
6. Greece (3.1 tons)
7. Belgium (1.9 tons)

Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Bulgaria

In 2022, the amount of polymers, natural; alginic acid, its salts and esters, in primary formses exported from Bulgaria was estimated at 52 tons, almost unchanged from 2021. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 454% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of polymers, natural; alginic acid, its salts and esters, in primary formses soared to $694K in 2022. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 432% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms from Bulgaria in 2022:

1. Greece (48.8 tons)
2. North Macedonia (1.5 tons)
3. Romania (1.1 tons)

Source: IndexBox Market Intelligence Platform