Bulgaria: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in Bulgaria

In 2022, the Bulgarian extruded solid rubber rod market increased by 7.8% to $X, rising for the second year in a row after seven years of decline. Overall, consumption, however, continues to indicate a noticeable slump. The growth pace was the most rapid in 2021 with an increase of 8%. 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 Extruded Solid Rubber Rods And Profiles in Bulgaria

In value terms, extruded solid rubber rod production declined to $X in 2022 estimated in export price. In general, production saw a abrupt slump. The growth pace was the most rapid in 2021 when the production volume increased by 12%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports from Bulgaria

For the third year in a row, Bulgaria recorded growth in shipments abroad of extruded solid rubber rods and profiles, which increased by 45% to X tons in 2022. In general, exports, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 75%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, extruded solid rubber rod exports dropped rapidly to $X in 2022. Overall, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2016 when exports increased by 124% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X tons) was the main destination for extruded solid rubber rod exports from Bulgaria, accounting for a 64% share of total exports. Moreover, extruded solid rubber rod exports to Egypt exceeded the volume sent to the second major destination, Turkey (X tons), threefold. North Macedonia (X tons) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+2.1% per year) and North Macedonia (-22.6% per year).

In value terms, Turkey ($X), North Macedonia ($X) and Egypt ($X) appeared to be the largest markets for extruded solid rubber rod exported from Bulgaria worldwide, together comprising 77% of total exports. Romania, Poland, Serbia and Greece lagged somewhat behind, together accounting for a further 14%.

In terms of the main countries of destination, Poland, with a CAGR of +115.8%, recorded the highest rates of growth with regard to 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 extruded solid rubber rod export price amounted to $X per ton, shrinking by -50.9% against the previous year. In general, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 61%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, 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 Greece ($X per ton), while the average price for exports to Egypt ($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 the Czech Republic (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Extruded Solid Rubber Rods And Profiles

Imports into Bulgaria

In 2022, overseas purchases of extruded solid rubber rods and profiles increased by 17% to X tons, rising for the second year in a row after four years of decline. Overall, imports, however, continue to indicate a slight slump. The growth pace was the most rapid in 2013 with an increase of 17%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, extruded solid rubber rod imports rose rapidly to $X in 2022. Over the period under review, imports, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2021 when imports increased by 8.1%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) was the main extruded solid rubber rod supplier to Bulgaria, with a 96% share of total imports. It was followed by Germany (X tons), with a 2.2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Turkey was relatively modest.

In value terms, Turkey ($X) constituted the largest supplier of extruded solid rubber rods and profiles to Bulgaria, comprising 90% of total imports. The second position in the ranking was held by Germany ($X), with a 5.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at -4.2%.

Import Prices by Country

The average extruded solid rubber rod import price stood at $X per ton in 2022, dropping by -8.7% against the previous year. In general, the import price saw a noticeable slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 9% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.5%).

Source: IndexBox Platform

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