Bulgaria: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Bulgaria

In 2022, the Bulgarian plastic household articles market decreased by -13.1% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption saw a slight decrease. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Plastic Household Articles Production in Bulgaria

In value terms, plastic household articles production surged to $X in 2022 estimated in export price. Over the period under review, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 70%. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in the near future.

Plastic Household Articles Exports

Exports from Bulgaria

In 2022, overseas shipments of household articles and toilet articles of plastics increased by 118% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports posted a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic household articles exports soared to $X in 2022. Overall, exports posted a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tons) was the main destination for plastic household articles exports from Bulgaria, with a 47% share of total exports. Moreover, plastic household articles exports to Romania exceeded the volume sent to the second major destination, Poland (X tons), threefold. Hungary (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania stood at +19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+42.4% per year) and Hungary (+66.7% per year).

In value terms, the largest markets for plastic household articles exported from Bulgaria were Romania ($X), Hungary ($X) and Poland ($X), with a combined 64% share of total exports.

Hungary, with a CAGR of +81.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic household articles export price stood at $X per ton in 2022, shrinking by -15.3% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of 34% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Romania ($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 Italy (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Bulgaria

Plastic household articles imports into Bulgaria shrank to X tons in 2022, approximately mirroring 2021. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.6% against 2015 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 30%. Imports peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, plastic household articles imports amounted to $X in 2022. Over the period under review, imports, however, posted resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Turkey (X tons), China (X tons) and Serbia (X tons) were the main suppliers of plastic household articles imports to Bulgaria, with a combined 62% share of total imports. Romania, Hungary, Germany, Poland, Italy, Greece and Iran lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of +74.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic household articles suppliers to Bulgaria were Turkey ($X), China ($X) and Romania ($X), together comprising 50% of total imports. Germany, Serbia, Hungary, Poland, Italy, Greece and Iran lagged somewhat behind, together accounting for a further 39%.

Iran, with a CAGR of +89.3%, saw 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 plastic household articles import price stood at $X per ton in 2022, rising by 8.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The growth pace was the most rapid in 2014 when the average import price increased by 27%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Germany ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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