Bulgaria: Market for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa in Bulgaria

In 2021, the Bulgarian market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa increased by 21% to $X, rising for the fifth consecutive year after two years of decline. Over the period under review, consumption showed a prominent increase. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in years to come.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Exports from Bulgaria

In 2021, the amount of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa exported from Bulgaria surged to X tons, picking up by 45% compared with 2020 figures. Over the period under review, exports, however, faced a sharp slump. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa soared to $X in 2021. Overall, exports, however, showed a pronounced curtailment. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Croatia (X tons), Greece (X tons) and France (X tons) were the main destinations of exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from Bulgaria, together comprising 59% of total exports.

From 2012 to 2021, the biggest increases were recorded for Croatia (with a CAGR of +960.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa exports from Bulgaria, comprising 54% of total exports. The second position in the ranking was taken by Croatia ($X), with an 11% share of total exports. It was followed by Slovakia, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +87.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+863.9% per year) and Slovakia (-59.4% per year).

Export Prices by Country

The average export price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa stood at $X per ton in 2021, growing by 142% against the previous year. Over the period under review, the export price showed a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Greece ($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 France (+66.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Imports into Bulgaria

In 2021, supplies from abroad of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa increased by 8.5% to X tons, rising for the fifth year in a row after three years of decline. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +146.8% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of 62%. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa soared to $X in 2021. Overall, imports recorded buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 73% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Greece (X tons) constituted the largest flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa supplier to Bulgaria, accounting for a 64% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from Greece exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. The third position in this ranking was taken by Turkey (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Greece amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.4% per year) and Turkey (-9.2% per year).

In value terms, Greece ($X), Italy ($X) and Poland ($X) appeared to be the largest flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa suppliers to Bulgaria, together accounting for 77% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +73.8%, recorded the highest growth rate of the value of imports, 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 import price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa amounted to $X per ton, increasing by 17% against the previous year. Over the last nine years, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2013 an increase of 38% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average 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 ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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