Bulgaria: Market for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Bulgaria

In 2022, after two years of growth, there was significant decline in the Bulgarian market for flexible tubes, pipes and hoses of plastics, with fittings, when its value decreased by -20.2% to $X. In general, consumption recorded a noticeable reduction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Exports from Bulgaria

After two years of decline, overseas shipments of flexible tubes, pipes and hoses of plastics, with fittings increased by 38% to X tons in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 1,385%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings soared to $X in 2022. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 922%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, with fittings from Bulgaria, with a 79% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, with fittings to Italy exceeded the volume sent to the second major destination, Greece (X tons), tenfold. The third position in this ranking was held by Romania (X tons), with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to +143.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (-4.0% per year) and Romania (+55.4% per year).

In value terms, Italy ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, with fittings exports from Bulgaria, comprising 82% of total exports. The second position in the ranking was taken by Romania ($X), with a 6.4% share of total exports. It was followed by Greece, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled +117.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+80.0% per year) and Greece (-1.4% per year).

Export Prices by Country

The average export price for flexible tubes, pipes and hoses of plastics, with fittings stood at $X per ton in 2022, picking up by 10% against the previous year. Over the period under review, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of 79%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+303.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Imports into Bulgaria

In 2022, imports of flexible tubes, pipes and hoses of plastics, with fittings into Bulgaria fell to X tons, dropping by -6.1% compared with 2021 figures. Over the period under review, imports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 180%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings dropped modestly to $X in 2022. Overall, imports, however, showed a moderate increase. The most prominent rate of growth was recorded in 2013 when imports increased by 187%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, North Macedonia (X tons) constituted the largest flexible tubes, pipes and hoses of plastics, with fittings supplier to Bulgaria, with a 81% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, with fittings from North Macedonia exceeded the figures recorded by the second-largest supplier, Greece (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from North Macedonia amounted to -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+10.0% per year) and Germany (+7.6% per year).

In value terms, North Macedonia ($X) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, with fittings to Bulgaria, comprising 52% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by Italy, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value from North Macedonia stood at -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.0% per year) and Italy (+3.0% per year).

Import Prices by Country

The average import price for flexible tubes, pipes and hoses of plastics, with fittings stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the average import price increased by 23%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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