Bulgaria: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2024

Market Size for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Bulgaria

The Bulgarian market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap was finally on the rise to reach $X in 2021, after three years of decline. In general, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Bulgaria

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap soared to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt decline. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Exports from Bulgaria

In 2021, overseas shipments of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap decreased by -2.8% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 141%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap soared to $X in 2021. In general, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 111% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Poland (X tons) was the main destination for exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from Bulgaria, with a 54% share of total exports. Moreover, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to Poland exceeded the volume sent to the second major destination, Italy (X tons), fivefold. The third position in this ranking was held by Romania (X tons), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland totaled +90.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+7.7% per year) and Romania (+27.1% per year).

In value terms, Poland ($X) emerged as the key foreign market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exports from Bulgaria, comprising 24% of total exports. The second position in the ranking was taken by Greece ($X), with an 11% share of total exports. It was followed by Italy, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland amounted to +121.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+27.0% per year) and Italy (-0.8% per year).

Export Prices by Country

In 2021, the average export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to $X per ton, jumping by 22% against the previous year. In general, the export price, however, recorded a pronounced decrease. The pace of growth was the most pronounced in 2020 when the average export price increased by 79% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to North Macedonia ($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 Poland (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Imports into Bulgaria

In 2021, overseas purchases of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap decreased by -8.5% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, showed temperate growth. The pace of growth appeared the most rapid in 2016 with an increase of 84% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap skyrocketed to $X in 2021. In general, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 30% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Turkey (X tons), China (X tons) and Greece (X tons) were the main suppliers of imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to Bulgaria, with a combined 68% share of total imports. These countries were followed by Poland, Germany, Romania, Italy and Slovakia, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +74.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Turkey ($X) and China ($X) constituted the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap suppliers to Bulgaria, with a combined 51% share of total imports. Germany, Romania, Italy, Greece and Slovakia lagged somewhat behind, together comprising a further 31%.

Among the main suppliers, Romania, with a CAGR of +88.6%, saw the highest rates of growth with regard to 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 footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to $X per ton, picking up by 39% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 an increase of 58%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

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 Poland ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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