Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Bulgaria - 2023
Contents:
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Bulgaria (CIF) - 2023
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Bulgaria (FOB) - 2023
- Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Bulgaria
- Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Bulgaria
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Bulgaria (CIF) - 2023
In October 2023, the average import price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $4,484 per ton, waning by -6.2% against the previous month. Overall, the import price continues to indicate a mild slump. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 10% month-to-month. As a result, import price attained the peak level of $5,504 per ton. From February 2023 to October 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($9,103 per ton), while the price for North Macedonia ($3,138 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Turkey (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Bulgaria (FOB) - 2023
In October 2023, the average export price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $3,422 per ton, which is down by -22.3% against the previous month. Over the period under review, export price indicated notable growth from October 2022 to October 2023: its price increased at an average monthly rate of +2.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for paints and varnishes, based on polyesters, non-aqueous medium decreased by -10.4% against June 2023 indices. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 61% month-to-month. As a result, the export price reached the peak level of $4,500 per ton. From April 2023 to October 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($20,601 per ton), while the average price for exports to Georgia ($2,243 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Bulgaria
In 2022, after three years of growth, there was significant decline in overseas purchases of paints and varnishes, based on polyesters, non-aqueous medium, when their volume decreased by -10.4% to 3.4K tons. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. As a result, imports attained the peak of 3.8K tons, and then fell in the following year.
In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium reduced to $17M in 2022. The total import value increased at an average annual rate of +7.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 31% against the previous year. As a result, imports reached the peak of $19M, and then reduced in the following year.
| Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 4.3 | 3.8 | 5.1 | 4.5 | 1.5% |
| Italy | 3.3 | 3.3 | 4.8 | 3.9 | 5.7% |
| Germany | 3.1 | 3.6 | 4.1 | 3.8 | 7.0% |
| Turkey | 0.7 | 0.8 | 1.3 | 1.0 | 12.6% |
| Greece | 0.7 | 0.8 | 0.9 | 0.7 | 0.0% |
| Belgium | N/A | 0.1 | N/A | 0.6 | 144.9% |
| Netherlands | 0.2 | 0.3 | 0.5 | 0.4 | 26.0% |
| Poland | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
| North Macedonia | N/A | 0.2 | 0.4 | 0.4 | 41.4% |
| Serbia | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Slovenia | 0.4 | 0.6 | 0.5 | 0.3 | -9.1% |
| Romania | 0.2 | 0.2 | 0.3 | 0.2 | 0.0% |
| Others | 0.4 | 0.4 | 0.6 | 0.3 | -9.1% |
| Total | 13.7 | 14.6 | 19.1 | 16.9 | 7.2% |
Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Bulgaria in 2022:
- Italy (763.3 tons)
- Austria (687.4 tons)
- Germany (558.6 tons)
- Greece (355.7 tons)
- Turkey (301.9 tons)
- Serbia (133.2 tons)
- North Macedonia (121.4 tons)
- Netherlands (114.8 tons)
- Slovenia (97.8 tons)
- Romania (95.2 tons)
- Poland (71.4 tons)
- Belgium (70.6 tons)
Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Bulgaria
In 2022, the amount of paints and varnishes, based on polyesters, non-aqueous medium exported from Bulgaria fell dramatically to 853 tons, declining by -21.9% compared with the previous year's figure. In general, exports faced a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 122%.
In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium shrank significantly to $2.5M in 2022. Over the period under review, exports saw a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 109%. As a result, the exports reached the peak of $3.6M, and then dropped remarkably in the following year.
| Export of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 1,275 | 705 | 1,462 | 1,312 | 1.0% |
| Netherlands | 118 | N/A | N/A | 293 | 35.4% |
| Georgia | 219 | 249 | 194 | 254 | 5.1% |
| Italy | N/A | 109 | 112 | 160 | 21.2% |
| Moldova | 187 | 136 | 182 | 153 | -6.5% |
| North Macedonia | 176 | 125 | 165 | 146 | -6.0% |
| Lithuania | 83.0 | N/A | 107 | 82.4 | -0.2% |
| Greece | 408 | 341 | 528 | 54.7 | -48.8% |
| United Kingdom | 896 | N/A | 3.4 | 7.8 | -79.4% |
| Serbia | 92.0 | N/A | 0.5 | 0.1 | -89.7% |
| Others | 52.3 | 46.1 | 830 | 55.3 | 1.9% |
| Total | 3,506 | 1,711 | 3,584 | 2,517 | -10.5% |
Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Bulgaria in 2022:
- Romania (394.4 tons)
- Netherlands (132.6 tons)
- Georgia (125.2 tons)
- Moldova (70.5 tons)
- Italy (47.2 tons)
- North Macedonia (45.2 tons)
- Lithuania (21.9 tons)
- Greece (6.0 tons)
- United Kingdom (0.3 tons)
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