Price for Dyes; Pigments and Preparations Based Thereon in Bulgaria - 2023

Contents:

  1. Price for Dyes; Pigments and Preparations Based Thereon in Bulgaria (CIF) - 2022
  2. Price for Dyes; Pigments and Preparations Based Thereon in Bulgaria (FOB) - 2022
  3. Imports of Dyes; Pigments and Preparations Based Thereon in Bulgaria
  4. Exports of Dyes; Pigments and Preparations Based Thereon in Bulgaria

Price for Dyes; Pigments and Preparations Based Thereon in Bulgaria (CIF) - 2022

In 2022, the average import price for dyes; pigments and preparations based therea amounted to $2,884 per ton, declining by -31.5% against the previous year. Overall, the import price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2013 an increase of 27% against the previous year. As a result, import price attained the peak level of $6,181 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($11,258 per ton), while the price for Romania ($822 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Dyes; Pigments and Preparations Based Thereon in Bulgaria (FOB) - 2022

In 2022, the average export price for dyes; pigments and preparations based therea amounted to $6,529 per ton, dropping by -29.7% against the previous year. In general, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in 2018 an increase of 399% against the previous year. The export price peaked at $9,287 per ton in 2021, and then fell sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($16,264 per ton), while the average price for exports to Italy ($623 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 Greece (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dyes; Pigments and Preparations Based Thereon in Bulgaria

For the fourth consecutive year, Bulgaria recorded growth in supplies from abroad of dyes; pigments and preparations based therea, which increased by 53% to 2.1K tons in 2022. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of dyes; pigments and preparations based therea expanded slightly to $6.2M in 2022. The total import value increased at an average annual rate of +1.1% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Dyes; Pigments and Preparations Based Thereon in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Greece1,4821,5241,8481,9519.6%
Romania4429957681,09235.2%
Germany8821,1371,189788-3.7%
India525395341438-5.9%
Netherlands626283374384-15.0%
Turkey815463382349-24.6%
Hungary2762962363002.8%
Italy310335343221-10.7%
Others5985903986382.2%
Total5,9556,0165,8806,1611.1%

Top Suppliers of Dyes; Pigments and Preparations Based Thereon to Bulgaria in 2022:

  1. Romania (1328.0 tons)
  2. Greece (448.8 tons)
  3. Germany (70.0 tons)
  4. India (65.0 tons)
  5. Turkey (47.4 tons)
  6. Netherlands (47.3 tons)
  7. Hungary (35.7 tons)
  8. Italy (26.8 tons)

Exports of Dyes; Pigments and Preparations Based Thereon in Bulgaria

In 2022, the amount of dyes; pigments and preparations based therea exported from Bulgaria skyrocketed to 36 tons, picking up by 16% on 2021 figures. The total export volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of dyes; pigments and preparations based therea declined sharply to $235K in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 25%. As a result, the exports attained the peak of $297K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Dyes; Pigments and Preparations Based Thereon in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Greece63.277.111610518.4%
Armenia8.182.422.765.6100.8%
Romania75.010690.023.2-32.4%
Georgia34.45.80.219.9-16.7%
Serbia31.8N/AN/A2.0-60.2%
ItalyN/AN/AN/A1.50%
IranN/A0.422.1N/A5425.0%
Others25.024.837.118.2-10.0%
Total237297288235-0.3%

Top Export Markets for Dyes; Pigments and Preparations Based Thereon from Bulgaria in 2022:

  1. Greece (15.4 tons)
  2. Armenia (10.6 tons)
  3. Romania (4.2 tons)
  4. Italy (2.4 tons)
  5. Georgia (1.2 tons)
  6. Serbia (0.5 tons)

Source: IndexBox Market Intelligence Platform

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