Bulgaria: Aluminium Hydroxide Market 2024

Aluminium Hydroxide Market Size in Bulgaria

The Bulgarian aluminium hydroxide market shrank slightly to $X in 2022, with a decrease of X% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Aluminium Hydroxide Production in Bulgaria

In value terms, aluminium hydroxide production declined slightly to $X in 2022 estimated in export price. In general, production, however, saw prominent growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Aluminium Hydroxide Exports

Exports from Bulgaria

After two years of growth, overseas shipments of aluminium hydroxide decreased by X% to X tons in 2022. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at X tons in 2021, and then fell modestly in the following year.

In value terms, aluminium hydroxide exports dropped rapidly to $X in 2022. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at $X in 2021, and then contracted notably in the following year.

Exports by Country

Iran (X tons) was the main destination for aluminium hydroxide exports from Bulgaria, accounting for a X% share of total exports. It was followed by Turkey (X kg), with a X% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to Iran was relatively modest.

In value terms, Iran ($X) and Turkey ($X) appeared to be the largest markets for aluminium hydroxide exported from Bulgaria worldwide.

Among the main countries of destination, Turkey, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average aluminium hydroxide export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2020 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a 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 Turkey ($X per ton), while the average price for exports to Iran amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Hydroxide Imports

Imports into Bulgaria

In 2022, after three years of growth, there was significant decline in supplies from abroad of aluminium hydroxide, when their volume decreased by X% to X tons. In general, imports showed a deep downturn. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, aluminium hydroxide imports reduced notably to $X in 2022. Overall, imports saw a deep slump. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), Bosnia and Herzegovina (X tons) and Germany (X tons) were the main suppliers of aluminium hydroxide imports to Bulgaria, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of aluminium hydroxide to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bosnia and Herzegovina (X% per year) and Germany (X% per year).

Import Prices by Country

The average aluminium hydroxide import price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price, however, saw tangible growth. The pace of growth was the most pronounced in 2017 an increase of X%. The import price peaked at $X per ton in 2021, and then reduced in the following year.

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 Greece ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :