Acrylic Polymer Market Overview in Bulgaria
Market Overview
In 2019, the Bulgarian acrylic polymer market increased by 
% to $, rising for the fourth consecutive year after two years of decline. Over the period under review, the total consumption indicated prominent growth from 2007 to 2019: its value 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 increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2011 when the market value increased by % y-o-y. Over the period under review, the market reached the peak level in 2019 and is likely to continue growth in the immediate term.
% to $, rising for the fourth consecutive year after two years of decline. Over the period under review, the total consumption indicated prominent growth from 2007 to 2019: its value 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 increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2011 when the market value increased by % y-o-y. Over the period under review, the market reached the peak level in 2019 and is likely to continue growth in the immediate term.Consumption
In 2019, acrylic polymer consumption in Bulgaria soared to tonnes, jumping by % against 2018. Overall, the total consumption indicated a strong increase 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. The pace of growth appeared the most rapid in 2013 with an increase of % against the previous year. Acrylic polymer consumption peaked in 2019 and is likely to see gradual growth in years to come.
The value of the acrylic polymer market in Bulgaria surged 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). Over the period under review, the total consumption indicated buoyant 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 maximum level in 2019 and is likely to continue growth in years to come.
tonnes, jumping by % against 2018. Overall, the total consumption indicated a strong increase 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. The pace of growth appeared the most rapid in 2013 with an increase of % against the previous year. Acrylic polymer consumption peaked in 2019 and is likely to see gradual growth in years to come.The value of the acrylic polymer market in Bulgaria surged 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). Over the period under review, the total consumption indicated buoyant 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 maximum level in 2019 and is likely to continue growth in years to come.Market Forecast
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 .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Trade Balance
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.
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.
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