Report Update Nov 1, 2024

Bulgaria - Expansible Polystyrene in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Bulgaria

In 2021, the Bulgarian expansible polystyrene market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Expansible Polystyrene Exports

Exports from Bulgaria

In 2021, overseas shipments of expansible polystyrene in primary forms increased by 193% to X tons, rising for the fourth year in a row after three years of decline. Overall, exports saw a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 341%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, expansible polystyrene exports soared to $X in 2021. In general, exports showed resilient growth. The pace of growth was the most pronounced in 2019 with an increase of 240%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Greece (X tons), Romania (X tons) and Germany (X tons) were the main destinations of expansible polystyrene exports from Bulgaria, together accounting for 94% of total exports. Italy lagged somewhat behind, accounting for a further 3.1%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +1,354.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for expansible polystyrene exported from Bulgaria were Greece ($X), Romania ($X) and Italy ($X), with a combined 92% share of total exports.

Italy, with a CAGR of +1,654.9%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average expansible polystyrene export price stood at $X per ton in 2021, picking up by 11% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 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 Italy ($X per ton), while the average price for exports to Greece ($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 Italy (+20.7%), while the prices for the other major destinations experienced a decline.

Expansible Polystyrene Imports

Imports into Bulgaria

In 2021, overseas purchases of expansible polystyrene in primary forms were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, expansible polystyrene imports soared to $X in 2021. In general, imports showed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Iran (X tons) constituted the largest supplier of expansible polystyrene to Bulgaria, with a 49% share of total imports. Moreover, expansible polystyrene imports from Iran exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The third position in this ranking was held by Greece (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Iran stood at +71.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+16.5% per year) and Greece (-2.0% per year).

In value terms, Iran ($X) constituted the largest supplier of expansible polystyrene in primary forms to Bulgaria, comprising 43% of total imports. The second position in the ranking was taken by Turkey ($X), with a 16% share of total imports. It was followed by Greece, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Iran stood at +71.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+17.9% per year) and Greece (-2.4% per year).

Import Prices by Country

The average expansible polystyrene import price stood at $X per ton in 2021, rising by 69% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Romania ($X per ton) and Poland ($X per ton), while the price for Iran ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for expansible polystyrene in primary forms in the world?

The countries with the highest volumes of expansible polystyrene consumption in 2021 were China, the United States and India, together comprising 42% of global consumption. Japan, Russia, Pakistan, Indonesia, Italy, Germany, Mexico, Poland, Turkey and Taiwan Chinese) lagged somewhat behind, together comprising a further 32%.

What are the largest producers of expansible polystyrene in primary forms in the world?

The countries with the highest volumes of expansible polystyrene production in 2021 were China, the United States and India, together accounting for 46% of global production. These countries were followed by Japan, Russia, Pakistan, Indonesia, Turkey, Germany, Mexico, the Netherlands, Taiwan Chinese) and Iran, which together accounted for a further 33%.

What are the leading suppliers of expansible polystyrene in primary forms to Bulgaria?

In value terms, Iran constituted the largest supplier of expansible polystyrene to Bulgaria, comprising 43% of total imports. The second position in the ranking was occupied by Turkey, with a 16% share of total imports. It was followed by Greece, with a 10% share.

What are the leading importers of expansible polystyrene in primary forms from Bulgaria?

In value terms, Greece, Romania and Italy were the largest markets for expansible polystyrene exported from Bulgaria worldwide, together comprising 92% of total exports.

What is the average export price for expansible polystyrene in primary forms in Bulgaria?

In 2021, the average expansible polystyrene export price amounted to $1,547 per ton, growing by 12% against the previous year.

What is the average import price for expansible polystyrene in primary forms in Bulgaria?

The average expansible polystyrene import price stood at $1,966 per ton in 2021, increasing by 69% against the previous year.

This report provides an in-depth analysis of the expansible polystyrene market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20162035 - Expansible polystyrene, in primary forms

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023