Bulgaria: Market for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides 2024

Market Size for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Bulgaria

The Bulgarian high-tenacity filament nylon yarn market expanded remarkably to $X in 2022, picking up by 7.3% against the previous year. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.3% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Bulgaria

In value terms, high-tenacity filament nylon yarn production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 32% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Exports from Bulgaria

In 2022, overseas shipments of high-tenacity filament yarn of nylon or other polyamides decreased by -96.7% to X kg, falling for the second year in a row after three years of decline. Over the period under review, exports faced a precipitous shrinkage. The growth pace was the most rapid in 2017 when exports increased by 37,404% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, high-tenacity filament nylon yarn exports shrank markedly to $X in 2022. In general, exports showed a precipitous curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 89,428%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Austria (X kg) was the main destination for high-tenacity filament nylon yarn exports from Bulgaria, accounting for a 79% share of total exports. Moreover, high-tenacity filament nylon yarn exports to Austria exceeded the volume sent to the second major destination, Albania (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Austria totaled -31.0%.

In value terms, Austria ($X) remains the key foreign market for high-tenacity filament yarn of nylon or other polyamides exports from Bulgaria, comprising 87% of total exports. The second position in the ranking was taken by Albania ($X), with a 3.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Austria totaled -4.9%.

Export Prices by Country

The average high-tenacity filament nylon yarn export price stood at $X per ton in 2022, surging by 328% against the previous year. In general, the export price continues to indicate a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Albania ($X per ton), while the average price for exports to Austria amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+37.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Imports into Bulgaria

In 2022, the amount of high-tenacity filament yarn of nylon or other polyamides imported into Bulgaria skyrocketed to X tons, jumping by 23% against the previous year. Over the period under review, imports, however, saw a deep slump. The growth pace was the most rapid in 2014 with an increase of 189% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, high-tenacity filament nylon yarn imports skyrocketed to $X in 2022. Overall, imports, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2014 with an increase of 203%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest high-tenacity filament nylon yarn supplier to Bulgaria, accounting for a 56% share of total imports. Moreover, high-tenacity filament nylon yarn imports from Russia exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at +37.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+0.8% per year) and Turkey (-14.5% per year).

In value terms, Italy ($X), Russia ($X) and Turkey ($X) constituted the largest high-tenacity filament nylon yarn suppliers to Bulgaria, together accounting for 87% of total imports.

Russia, with a CAGR of +33.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average high-tenacity filament nylon yarn import price stood at $X per ton in 2022, increasing by 7.2% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, high-tenacity filament nylon yarn import price increased by +49.8% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 58%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+46.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :