Bulgaria: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Bulgaria

The Bulgarian market for cellular plates, sheets and films of polyymers of styrene skyrocketed to $X in 2022, jumping by 17% against the previous year. Over the period under review, consumption, however, saw buoyant growth. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Bulgaria

In value terms, production of cellular plates, sheets and films of polyymers of styrene soared to $X in 2022 estimated in export price. In general, production, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 when the production volume increased by 54%. Production of peaked in 2022 and is likely to see steady growth in the near future.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from Bulgaria

In 2022, exports of cellular plates, sheets and films of polyymers of styrene from Bulgaria shrank remarkably to X tons, which is down by -24% on 2021 figures. Overall, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 41% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021, and then fell rapidly in the following year.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene reduced to $X in 2022. In general, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 53%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Romania (X tons) was the main destination for exports of cellular plates, sheets and films of polyymers of styrene from Bulgaria, with a 72% share of total exports. Moreover, exports of cellular plates, sheets and films of polyymers of styrene to Romania exceeded the volume sent to the second major destination, Italy (X tons), sixfold. The third position in this ranking was held by Greece (X tons), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume to Romania totaled +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+69.5% per year) and Greece (+7.1% per year).

In value terms, Romania ($X) remains the key foreign market for cellular plates, sheets and films of polyymers of styrene exports from Bulgaria, comprising 64% of total exports. The second position in the ranking was held by Italy ($X), with an 18% share of total exports. It was followed by Greece, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania amounted to +16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+67.7% per year) and Greece (+15.4% per year).

Export Prices by Country

In 2022, the average export price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, jumping by 18% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cellular plates, sheets and films of polyymers of styrene increased by +53.5% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 27%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into Bulgaria

In 2022, approx. X tons of cellular plates, sheets and films of polyymers of styrene were imported into Bulgaria; reducing by -20.7% compared with the previous year. In general, imports, however, posted notable growth. The most prominent rate of growth was recorded in 2017 when imports increased by 43%. Imports peaked at X tons in 2021, and then declined sharply in the following year.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene totaled $X in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 42%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Romania (X tons), Greece (X tons) and Turkey (X tons) were the main suppliers of imports of cellular plates, sheets and films of polyymers of styrene to Bulgaria, with a combined 76% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +60.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polystyrene cellular plates, sheets and films suppliers to Bulgaria were Romania ($X), Greece ($X) and Turkey ($X), together accounting for 69% of total imports.

Romania, with a CAGR of +53.6%, recorded the highest growth rate of 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

The average import price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, picking up by 27% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 32%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Romania ($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 (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :