Bulgaria - Nitric Acid and Sulphonitric Acids - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBulgaria: Market for Nitric Acid And Sulphonitric Acids 2024
Market Size for Nitric Acid And Sulphonitric Acids in Bulgaria
The Bulgarian nitric and sulphonitric acids market reduced modestly to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption saw a noticeable downturn. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.
Production of Nitric Acid And Sulphonitric Acids in Bulgaria
In value terms, nitric and sulphonitric acids production dropped slightly to $X in 2023 estimated in export price. Over the period under review, production recorded a slight setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.
Exports of Nitric Acid And Sulphonitric Acids
Exports from Bulgaria
In 2023, approx. X tons of nitric acid and sulphonitric acids were exported from Bulgaria; growing by X% on the previous year's figure. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are likely to see gradual growth in years to come.
In value terms, nitric and sulphonitric acids exports shrank markedly to $X in 2023. Over the period under review, exports posted a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then dropped rapidly in the following year.
Exports by Country
Romania (X tons), Greece (X tons) and Ukraine (X tons) were the main destinations of nitric and sulphonitric acids exports from Bulgaria, together accounting for X% of total exports.
From 2012 to 2023, the biggest increases were recorded for Greece (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Romania ($X), Greece ($X) and Ukraine ($X) were the largest markets for nitric and sulphonitric acids exported from Bulgaria worldwide, with a combined X% share of total exports.
Greece, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average nitric and sulphonitric acids export price stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (X%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Nitric Acid And Sulphonitric Acids
Imports into Bulgaria
In 2023, approx. X tons of nitric acid and sulphonitric acids were imported into Bulgaria; rising by X% on the previous year. Over the period under review, imports, however, continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.
In value terms, nitric and sulphonitric acids imports skyrocketed to $X in 2023. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are likely to see steady growth in the near future.
Imports by Country
In 2023, Poland (X tons) was the main supplier of nitric and sulphonitric acids to Bulgaria, accounting for a X% share of total imports. Moreover, nitric and sulphonitric acids imports from Poland exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), more than tenfold.
From 2012 to 2023, the average annual rate of growth in terms of volume from Poland totaled X%.
In value terms, Poland ($X) constituted the largest supplier of nitric acid and sulphonitric acids to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Slovakia ($X), with a X% share of total imports.
From 2012 to 2023, the average annual growth rate of value from Poland amounted to X%.
Import Prices by Country
In 2023, the average nitric and sulphonitric acids import price amounted to $X per ton, dropping by X% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, nitric and sulphonitric acids import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. The import price peaked at $X per ton in 2022, and then declined in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Slovakia totaled $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cyprus (X%), while the prices for the other major suppliers experienced a decline.
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This report provides an in-depth analysis of the market for nitric and sulphonitric acids 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 20151050 - Nitric acid, sulphonitric 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
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