Sulphites; of Sodium Price in Bulgaria - 2023

Contents:

1. Sulphites; of Sodium Price in Bulgaria (CIF) - 2023
2. Sulphites; of Sodium Price in Bulgaria (FOB) - 2022
3. Sulphites; of Sodium Imports in Bulgaria
4. Sulphites; of Sodium Exports in Bulgaria

Sulphites; of Sodium Price in Bulgaria (CIF) - 2023

In August 2023, the average sulphites; of sodium import price amounted to $652 per ton, falling by -48.1% against the previous month. Over the period under review, the import price continues to indicate a slight decline. The growth pace was the most rapid in July 2023 an increase of 82% month-to-month. As a result, import price attained the peak level of $1,258 per ton, and then declined dramatically in the following month.

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

From August 2022 to August 2023, the rate of growth in terms of prices for Italy amounted to +1.7% per month.

Sulphites; of Sodium Price in Bulgaria (FOB) - 2022

In 2022, the average sulphites; of sodium export price amounted to $1,691 per ton, remaining relatively unchanged against the previous year. In general, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 100% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($1,883 per ton), while the average price for exports to North Macedonia ($824 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 Turkey (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphites; of Sodium Imports in Bulgaria

In 2022, the amount of sulphites; of sodia imported into Bulgaria declined to 2.5K tons, reducing by -11.7% against the year before. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 31%. As a result, imports attained the peak of 2.8K tons, and then dropped in the following year.

In value terms, sulphites; of sodium imports soared to $1.8M in 2022. In general, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 54%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Top Suppliers of Sulphites; of Sodium to Bulgaria in 2022:

1. Turkey (1975.6 tons)
2. Italy (393.3 tons)
3. Germany (101.2 tons)

Sulphites; of Sodium Exports in Bulgaria

After three years of growth, overseas shipments of sulphites; of sodia decreased by -32.5% to 94 tons in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 135% against the previous year.

In value terms, sulphites; of sodium exports shrank remarkably to $158K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 193%.

Top Export Markets for Sulphites; of Sodium from Bulgaria in 2022:

1. Turkey (73.6 tons)
2. North Macedonia (9.0 tons)
3. Romania (7.6 tons)
4. Greece (2.5 tons)

Source: IndexBox Market Intelligence Platform