Bulgaria: Market for Rubber-to-Metal and Moulded Articles 2025

Market Size for Rubber-to-Metal and Moulded Articles in Bulgaria

In 2021, the Bulgarian rubber-to-metal and moulded article market decreased by -20% to $X, falling for the second year in a row after eight years of growth. Overall, consumption, however, showed a prominent increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Rubber-to-Metal and Moulded Articles in Bulgaria

In value terms, rubber-to-metal and moulded article production contracted to $X in 2021 estimated in export price. In general, production, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2014 when the production volume increased by 15% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Bulgaria

In 2021, after eight years of decline, there was significant growth in overseas shipments of rubber-to-metal and moulded articles, when their volume increased by 12% to X tons. In general, exports, however, recorded a abrupt setback. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, rubber-to-metal and moulded article exports rose significantly to $X in 2021. Overall, exports, however, recorded a deep setback. The growth pace was the most rapid in 2016 when exports increased by 14% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for rubber-to-metal and moulded article exports from Bulgaria, accounting for a 64% share of total exports. Moreover, rubber-to-metal and moulded article exports to the Netherlands exceeded the volume sent to the second major destination, Poland (X tons), sevenfold. The third position in this ranking was taken by Italy (X tons), with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands totaled +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-12.2% per year) and Italy (+19.0% per year).

In value terms, the Netherlands ($X) remains the key foreign market for rubber-to-metal and moulded articles exports from Bulgaria, comprising 33% of total exports. The second position in the ranking was held by Italy ($X), with an 8.2% share of total exports. It was followed by Poland, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+19.1% per year) and Poland (-19.8% per year).

Export Prices by Country

The average rubber-to-metal and moulded article export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the export price, however, continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2016 an increase of 16% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to the Netherlands ($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 Greece (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Bulgaria

In 2021, after three years of growth, there was significant decline in overseas purchases of rubber-to-metal and moulded articles, when their volume decreased by -20% to X tons. In general, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of 47% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020, and then contracted markedly in the following year.

In value terms, rubber-to-metal and moulded article imports contracted remarkably to $X in 2021. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2019 when imports increased by 47%. Imports peaked at $X in 2020, and then dropped markedly in the following year.

Imports by Country

Turkey (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Bulgaria, with a combined 76% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +28.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rubber-to-metal and moulded article suppliers to Bulgaria were Turkey ($X), Germany ($X) and Poland ($X), together accounting for 68% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +26.2%, 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 rubber-to-metal and moulded article import price amounted to $X per ton, dropping by -7% against the previous year. In general, the import price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 24% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Spain ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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