Bulgaria: Market for Plastic Tableware And Kitchenware 2024

Market Size for Plastic Tableware And Kitchenware in Bulgaria

The Bulgarian plastic tableware and kitchenware market contracted to $X in 2022, which is down by -3.4% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Plastic Tableware And Kitchenware in Bulgaria

In value terms, plastic tableware and kitchenware production reduced to $X in 2022 estimated in export price. Over the period under review, the total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +9.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 39% against the previous year. Plastic tableware and kitchenware production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Plastic Tableware And Kitchenware

Exports from Bulgaria

In 2022, overseas shipments of plastic tableware and kitchenware decreased by -0.6% to X tons, falling for the fourth consecutive year after seven years of growth. Overall, exports, however, showed noticeable growth. The pace of growth was the most pronounced in 2013 with an increase of 52%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, plastic tableware and kitchenware exports rose sharply to $X in 2022. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.4% 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 +10.0% against 2020 indices. The pace of growth was the most pronounced in 2013 when exports increased by 76%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), Germany (X tons) and Serbia (X tons) were the main destinations of plastic tableware and kitchenware exports from Bulgaria, with a combined 42% share of total exports. Romania, Greece, Slovakia, Spain, Poland, Hungary, Cyprus, Croatia, France and the United States lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +116.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Romania ($X) appeared to be the largest markets for plastic tableware and kitchenware exported from Bulgaria worldwide, with a combined 41% share of total exports. Serbia, Greece, Spain, Poland, the United States, France, Hungary, Cyprus, Croatia and Slovakia lagged somewhat behind, together accounting for a further 31%.

Among the main countries of destination, the United States, with a CAGR of +136.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average plastic tableware and kitchenware export price amounted to $X per ton, rising by 6.7% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic tableware and kitchenware export price increased by +67.6% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices reached the maximum 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 the United States ($X per ton), while the average price for exports to Slovakia ($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 Spain (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Tableware And Kitchenware

Imports into Bulgaria

In 2022, the amount of plastic tableware and kitchenware imported into Bulgaria rose significantly to X tons, with an increase of 8.9% on the year before. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 27% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, plastic tableware and kitchenware imports expanded notably to $X in 2022. The total import value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of plastic tableware and kitchenware to Bulgaria, accounting for a 60% share of total imports. Moreover, plastic tableware and kitchenware imports from Turkey exceeded the figures recorded by the second-largest supplier, Romania (X tons), sevenfold. The third position in this ranking was held by Germany (X tons), with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (-1.6% per year) and Germany (-5.3% per year).

In value terms, Turkey ($X) constituted the largest supplier of plastic tableware and kitchenware to Bulgaria, comprising 42% of total imports. The second position in the ranking was taken by Romania ($X), with a 9.3% share of total imports. It was followed by Germany, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+4.6% per year) and Germany (+5.9% per year).

Import Prices by Country

In 2022, the average plastic tableware and kitchenware import price amounted to $X per ton, increasing by 4.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2021 an increase of 23%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Poland ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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