Acrylic Polymer Market Overview in Bulgaria

In 2019, the Bulgarian acrylic polymer market increased by % to $, rising for the fourth year in a row after two years of decline. Overall, the total consumption indicated a measured expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2011 when the market value increased by % against the previous year. Acrylic polymer consumption peaked in 2019 and is likely to see gradual growth in the immediate term.

Acrylic polymer consumption in Bulgaria expanded slightly to tonnes in 2019, increasing by % against the previous year's figure. Over the period under review, the total consumption indicated tangible growth from 2007 to 2019: its volume increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2017 indices. The pace of growth was the most pronounced in 2013 when the consumption volume increased by % y-o-y. Over the period under review, consumption reached the peak volume at tonnes in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.

The revenue of the acrylic polymer market in Bulgaria rose to $ in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated temperate growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2015 indices. The growth pace was the most rapid in 2011 with an increase of % y-o-y. Over the period under review, the market attained the peak level in 2019 and is likely to continue growth in the immediate term.

Driven by increasing demand for acrylic polymer in Bulgaria, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .

Bulgaria remains a net importer of acrylic polymer; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.