Bulgaria: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Bulgaria

For the third consecutive year, the Bulgarian vulcanised rubber mats market recorded growth in sales value, which increased by 1.5% to $X in 2021. In general, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +38.0% against 2018 indices. Vulcanised rubber mats consumption peaked in 2021 and is expected to retain growth in the immediate term.

Vulcanised Rubber Mats Production in Bulgaria

In value terms, vulcanised rubber mats production contracted to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 76% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Vulcanised Rubber Mats Exports

Exports from Bulgaria

In 2021, after two years of decline, there was significant growth in overseas shipments of floor coverings and mats of vulcanised rubber, when their volume increased by 86% to X tons. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber mats exports skyrocketed to $X in 2021. Overall, total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons), Egypt (X tons) and Hungary (X tons) were the main destinations of vulcanised rubber mats exports from Bulgaria, together comprising 73% of total exports. These countries were followed by France, Greece, North Macedonia, Romania, Serbia, Albania and Italy, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +96.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the key foreign market for floor coverings and mats of vulcanised rubber exports from Bulgaria, comprising 39% of total exports. The second position in the ranking was held by France ($X), with a 9.6% share of total exports. It was followed by Egypt, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+74.7% per year) and Egypt (+32.8% per year).

Export Prices by Country

In 2021, the average vulcanised rubber mats export price amounted to $X per ton, shrinking by -14.2% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Egypt ($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 (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Mats Imports

Imports into Bulgaria

In 2021, purchases abroad of floor coverings and mats of vulcanised rubber was finally on the rise to reach X tons after two years of decline. Overall, imports showed a resilient increase. The growth pace was the most rapid in 2014 with an increase of 76% against the previous year. Imports peaked at X tons in 2018; afterwards, it flattened through to 2021.

In value terms, vulcanised rubber mats imports surged to $X in 2021. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 61%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Turkey (X tons), China (X tons) and Poland (X tons) were the main suppliers of vulcanised rubber mats imports to Bulgaria, with a combined 82% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +70.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber mats suppliers to Bulgaria were Poland ($X), China ($X) and Turkey ($X), with a combined 69% share of total imports.

Among the main suppliers, Poland, with a CAGR of +85.4%, 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

The average vulcanised rubber mats import price stood at $X per ton in 2021, picking up by 8.8% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised rubber mats import price increased by +78.7% against 2015 indices. The most prominent rate of growth was recorded in 2019 an increase of 15% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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