Bulgaria: Plaster Article Market 2024

Plaster Article Market Size in Bulgaria

The Bulgarian plaster article market surged to $X in 2021, jumping by 16% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Plaster Article Production in Bulgaria

In value terms, plaster article production surged to $X in 2021 estimated in export price. Over the period under review, production enjoyed a significant increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Plaster Article Exports

Exports from Bulgaria

In 2021, plaster article exports from Bulgaria rose slightly to X tons, increasing by 2.1% on 2020 figures. Over the period under review, total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +38.8% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 19% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, plaster article exports expanded markedly to $X in 2021. Overall, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +89.9% against 2015 indices. The pace of growth appeared the most rapid in 2019 with an increase of 19%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Romania (X tons) was the main destination for plaster article exports from Bulgaria, accounting for a 60% share of total exports. Moreover, plaster article exports to Romania exceeded the volume sent to the second major destination, Greece (X tons), ninefold. The third position in this ranking was held by Serbia (X tons), with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+3.2% per year) and Serbia (+13.9% per year).

In value terms, Romania ($X) remains the key foreign market for plaster article exports from Bulgaria, comprising 57% of total exports. The second position in the ranking was held by Greece ($X), with a 6.1% share of total exports. It was followed by Serbia, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value to Romania amounted to +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+2.7% per year) and Serbia (+16.8% per year).

Export Prices by Country

In 2021, the average plaster article export price amounted to $X per ton, increasing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were Italy ($X per ton) and Austria ($X per ton), while the average price for exports to North Macedonia ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Plaster Article Imports

Imports into Bulgaria

Plaster article imports into Bulgaria skyrocketed to X tons in 2021, growing by 34% against the previous year. The total import volume increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plaster article imports surged to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +122.6% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), Romania (X tons) and Hungary (X tons) were the main suppliers of plaster article imports to Bulgaria, together accounting for 95% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +162.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plaster article suppliers to Bulgaria were Romania ($X), Turkey ($X) and Hungary ($X), together accounting for 88% of total imports.

Hungary, with a CAGR of +103.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average plaster article import price amounted to $X per ton, with an increase of 7.6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2013 an increase of 12%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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