Bulgaria: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Bulgaria

In 2021, the Bulgarian vulcanised rubber erases market increased by 40% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Vulcanised Rubber Erases Exports

Exports from Bulgaria

In 2021, shipments abroad of erasers of vulcanised rubber decreased by -3.9% to X kg for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 118,203% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, vulcanised rubber erases exports declined dramatically to $X in 2021. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 20,170% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Ireland (X kg), Georgia (X kg) and Greece (X kg) were the main destinations of vulcanised rubber erases exports from Bulgaria.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +115.7%), while the other leaders experienced mixed trend patterns.

In value terms, Georgia ($X) remains the key foreign market for erasers of vulcanised rubber exports from Bulgaria, comprising 65% of total exports. The second position in the ranking was held by Ireland ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Georgia amounted to +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+83.8% per year) and Greece (-2.4% per year).

Export Prices by Country

In 2021, the average vulcanised rubber erases export price amounted to $X per ton, shrinking by -24% against the previous year. Overall, the export price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of 142%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Ireland ($X per ton) 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 (+11.5%), while the prices for the other major destinations experienced a decline.

Vulcanised Rubber Erases Imports

Imports into Bulgaria

In 2021, supplies from abroad of erasers of vulcanised rubber increased by 32% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -32.8% against 2017 indices. The pace of growth appeared the most rapid in 2016 with an increase of 51%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, vulcanised rubber erases imports surged to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 126% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), the Czech Republic (X tons) and Greece (X tons) were the main suppliers of vulcanised rubber erases imports to Bulgaria, together comprising 74% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +27.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), China ($X) and Germany ($X) constituted the largest vulcanised rubber erases suppliers to Bulgaria, together comprising 67% of total imports. These countries were followed by Italy, Spain, Greece and Vietnam, which together accounted for a further 23%.

Vietnam, with a CAGR of +66.9%, saw 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 vulcanised rubber erases import price amounted to $X per ton, picking up by 6% against the previous year. Overall, the import price, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2017 an increase of 84%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+31.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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