Bulgaria: Market for Moulded Or Pressed Articles Of Paper Pulp 2024

Market Size for Moulded Or Pressed Articles Of Paper Pulp in Bulgaria

In 2022, the Bulgarian paper pulp moulded articles market increased by 36% to $X, rising for the second consecutive year after three years of decline. Overall, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +69.3% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Moulded Or Pressed Articles Of Paper Pulp in Bulgaria

In value terms, paper pulp moulded articles production surged to $X in 2022 estimated in export price. Overall, production recorded a significant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Moulded Or Pressed Articles Of Paper Pulp

Exports from Bulgaria

After four years of growth, shipments abroad of moulded or pressed articles of paper pulp decreased by -10.6% to X tons in 2022. Overall, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2018 when exports increased by 104%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, paper pulp moulded articles exports soared to $X in 2022. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 90% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Romania (X tons) was the main destination for paper pulp moulded articles exports from Bulgaria, with a 84% share of total exports. Moreover, paper pulp moulded articles exports to Romania exceeded the volume sent to the second major destination, Turkey (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Romania stood at +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+95.6% per year) and Greece (-28.7% per year).

In value terms, Romania ($X) remains the key foreign market for moulded or pressed articles of paper pulp exports from Bulgaria, comprising 88% of total exports. The second position in the ranking was held by Turkey ($X), with a 7.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Romania amounted to +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+72.8% per year) and Greece (-24.8% per year).

Export Prices by Country

The average paper pulp moulded articles export price stood at $X per ton in 2022, increasing by 44% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Turkey ($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 Greece (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Moulded Or Pressed Articles Of Paper Pulp

Imports into Bulgaria

In 2022, approx. X tons of moulded or pressed articles of paper pulp were imported into Bulgaria; which is down by -18.8% compared with the previous year's figure. Overall, imports showed a mild curtailment. The pace of growth was the most pronounced in 2015 when imports increased by 21%. Over the period under review, imports reached the maximum at X tons in 2021, and then plummeted in the following year.

In value terms, paper pulp moulded articles imports rose rapidly to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Croatia (X tons), Denmark (X tons) and Romania (X tons) were the main suppliers of paper pulp moulded articles imports to Bulgaria, with a combined 68% share of total imports. Ukraine, Turkey, Greece and the Czech Republic lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +62.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X), Romania ($X) and Denmark ($X) were the largest paper pulp moulded articles suppliers to Bulgaria, together accounting for 65% of total imports. Turkey, Ukraine, the Czech Republic and Greece lagged somewhat behind, together accounting for a further 23%.

Among the main suppliers, Ukraine, with a CAGR of +61.8%, 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 paper pulp moulded articles import price stood at $X per ton in 2022, growing by 34% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the Czech Republic ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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