Bulgaria: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Bulgaria

The Bulgarian market for drawn glass and blown glass dropped to $X in 2021, shrinking by -5.7% against the previous year. Overall, consumption continues to indicate a slight setback. Drawn glass and blown glass consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Drawn Glass And Blown Glass in Bulgaria

In value terms, drawn glass and blown glass production shrank slightly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 23%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Drawn Glass And Blown Glass

Exports from Bulgaria

In 2021, after two years of decline, there was significant growth in shipments abroad of drawn glass and blown glass, when their volume increased by 41% to X square meters. Over the period under review, exports enjoyed a remarkable increase. Over the period under review, the exports attained the maximum at X square meters in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, drawn glass and blown glass exports surged to $X in 2021. In general, exports posted buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Serbia (X square meters), North Macedonia (X square meters) and Kosovo (X square meters) were the main destinations of drawn glass and blown glass exports from Bulgaria, together comprising 94% of total exports. These countries were followed by Greece and Romania, which together accounted for a further 5.1%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +22.0%), while the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), North Macedonia ($X) and Kosovo ($X) constituted the largest markets for drawn glass and blown glass exported from Bulgaria worldwide, together accounting for 93% of total exports.

Serbia, with a CAGR of +18.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for drawn glass and blown glass amounted to $X per square meter, with an increase of 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2016 an increase of 15% against the previous year. Over the period under review, the average export prices reached the maximum at $X per square meter in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per square meter), while the average price for exports to Greece ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Drawn Glass And Blown Glass

Imports into Bulgaria

In 2021, supplies from abroad of drawn glass and blown glass increased by 3.9% to X square meters, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a mild descent. The growth pace was the most rapid in 2020 when imports increased by 449% against the previous year. Imports peaked at X square meters in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, drawn glass and blown glass imports shrank significantly to $X in 2021. In general, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 303% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X square meters) constituted the largest supplier of drawn glass and blown glass to Bulgaria, accounting for a 84% share of total imports. Moreover, drawn glass and blown glass imports from Russia exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +59.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+28.6% per year) and China (+12.8% per year).

In value terms, Turkey ($X), Russia ($X) and China ($X) constituted the largest drawn glass and blown glass suppliers to Bulgaria, with a combined 99% share of total imports.

Turkey, with a CAGR of +31.6%, 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 a decline.

Import Prices by Country

The average import price for drawn glass and blown glass stood at $X per square meter in 2021, which is down by -70% against the previous year. Overall, the import price showed a abrupt descent. The pace of growth appeared the most rapid in 2018 an increase of 51%. The import price peaked at $X per square meter in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per square meter), while the price for Russia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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