Bulgaria: Ceramic Tile Market 2024

Ceramic Tile Market Size in Bulgaria

The Bulgarian ceramic tile market soared to $X in 2022, with an increase of 54% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +79.8% against 2019 indices. Ceramic tile consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Ceramic Tile Production in Bulgaria

In value terms, ceramic tile production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 33% against the previous year. Ceramic tile production peaked at $X in 2021, and then contracted slightly in the following year.

Ceramic Tile Exports

Exports from Bulgaria

In 2022, after two years of growth, there was significant decline in shipments abroad of ceramic tiles, when their volume decreased by -14.7% to X square meters. In general, total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 20%. The exports peaked at X square meters in 2021, and then reduced in the following year.

In value terms, ceramic tile exports totaled $X in 2022. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.1% against 2013 indices. The growth pace was the most rapid in 2021 with an increase of 19%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Romania (X square meters) was the main destination for ceramic tile exports from Bulgaria, accounting for a 37% share of total exports. Moreover, ceramic tile exports to Romania exceeded the volume sent to the second major destination, Greece (X square meters), threefold. Italy (X square meters) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Romania totaled +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+20.8% per year) and Italy (+40.2% per year).

In value terms, Romania ($X) remains the key foreign market for ceramic tiles exports from Bulgaria, comprising 32% of total exports. The second position in the ranking was taken by Italy ($X), with a 14% share of total exports. It was followed by Greece, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania totaled +1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+50.8% per year) and Greece (+21.4% per year).

Export Prices by Country

The average ceramic tile export price stood at $X per square meter in 2022, rising by 25% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Italy ($X per square meter) and Poland ($X per square meter), while the average price for exports to Romania ($X per square meter) and North Macedonia ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Tile Imports

Imports into Bulgaria

For the third year in a row, Bulgaria recorded growth in purchases abroad of ceramic tiles, which increased by 7.2% to X square meters in 2022. Overall, imports enjoyed prominent growth. The growth pace was the most rapid in 2021 with an increase of 26%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, ceramic tile imports soared to $X in 2022. In general, imports saw noticeable growth. The pace of growth was the most pronounced in 2021 when imports increased by 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Turkey (X square meters), Spain (X square meters) and Italy (X square meters) were the main suppliers of ceramic tile imports to Bulgaria, together accounting for 67% of total imports. These countries were followed by Poland, Slovenia, India, Germany and Romania, which together accounted for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +48.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ceramic tile suppliers to Bulgaria were Italy ($X), Spain ($X) and Turkey ($X), with a combined 76% share of total imports. Poland, India, Germany, Slovenia and Romania lagged somewhat behind, together comprising a further 21%.

India, with a CAGR of +62.9%, recorded the highest growth rate of the value of imports, among 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 2022, the average ceramic tile import price amounted to $X per square meter, increasing by 9.4% against the previous year. Overall, the import price, however, continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by 11% against the previous year. The import price peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Slovenia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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