Bulgaria: Plastic Furniture Market 2024

Plastic Furniture Market Size in Bulgaria

In 2021, the Bulgarian plastic furniture market increased by 48% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +53.0% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Plastic Furniture Production in Bulgaria

In value terms, plastic furniture production reduced to $X in 2021 estimated in export price. Over the period under review, production posted buoyant growth. The growth pace was the most rapid in 2017 with an increase of 28% against the previous year. Plastic furniture production peaked at $X in 2020, and then shrank in the following year.

Plastic Furniture Exports

Exports from Bulgaria

In 2021, plastic furniture exports from Bulgaria surged to X units, growing by 33% compared with the previous year's figure. Overall, exports posted prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 49% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, plastic furniture exports surged to $X in 2021. In general, exports enjoyed a strong expansion. The growth pace was the most rapid in 2020 when exports increased by 60%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Romania (X units) was the main destination for plastic furniture exports from Bulgaria, accounting for a 34% share of total exports. Moreover, plastic furniture exports to Romania exceeded the volume sent to the second major destination, Greece (X units), twofold. The third position in this ranking was held by the Netherlands (X units), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume to Romania totaled +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+55.5% per year) and the Netherlands (+56.8% per year).

In value terms, Romania ($X) remains the key foreign market for plastic furniture exports from Bulgaria, comprising 29% of total exports. The second position in the ranking was held by Greece ($X), with a 13% share of total exports. It was followed by the Netherlands, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value to Romania totaled +27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+62.2% per year) and the Netherlands (+70.3% per year).

Export Prices by Country

The average plastic furniture export price stood at $X per unit in 2021, picking up by 17% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plastic furniture export price increased by +54.6% against 2018 indices. The growth pace was the most rapid in 2015 when the average export price increased by 67%. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Imports

Imports into Bulgaria

In 2021, after three years of decline, there was significant growth in overseas purchases of furniture of plastic, when their volume increased by 39% to X units. Over the period under review, total imports indicated temperate growth 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic furniture imports soared to $X in 2021. In general, total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% 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 +65.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X units), China (X units) and Italy (X units) were the main suppliers of plastic furniture imports to Bulgaria, with a combined 82% share of total imports. These countries were followed by Poland, Austria, Hong Kong SAR and the UK, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were in Hong Kong SAR (with a CAGR of +43.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of plastic furniture to Bulgaria, comprising 48% of total imports. The second position in the ranking was taken by Turkey ($X), with a 19% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+8.0% per year) and Italy (-13.3% per year).

Import Prices by Country

In 2021, the average plastic furniture import price amounted to $X per unit, rising by 9.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 10%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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