Report Update Jan 1, 2025

Bulgaria - Natural Rubber and Gums - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Market for Natural Rubber And Gums 2025

Market Size for Natural Rubber And Gums in Bulgaria

The Bulgarian natural rubber and gum market reduced remarkably to $X in 2022, shrinking by -15.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt curtailment. Natural rubber and gum consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Natural Rubber And Gums

Exports from Bulgaria

In 2022, overseas shipments of natural rubber and gums decreased by -20.5% to X kg, falling for the second year in a row after three years of growth. Over the period under review, exports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2016 with an increase of 2,214%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, natural rubber and gum exports dropped significantly to $X in 2022. Overall, exports saw a sharp descent. The growth pace was the most rapid in 2016 with an increase of 1,805% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Serbia (X kg) was the main destination for natural rubber and gum exports from Bulgaria, accounting for a 76% share of total exports. Moreover, natural rubber and gum exports to Serbia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Serbia totaled +73.4%.

In value terms, Serbia ($X) remains the key foreign market for natural rubber and gums exports from Bulgaria, comprising 72% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Serbia stood at +65.2%.

Export Prices by Country

The average natural rubber and gum export price stood at $X per ton in 2022, shrinking by -4.4% against the previous year. Over the period under review, the export price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2021 an increase of 125% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Serbia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+12.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Natural Rubber And Gums

Imports into Bulgaria

In 2022, approx. X tons of natural rubber and gums were imported into Bulgaria; which is down by -11.8% against 2021 figures. In general, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 41%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, natural rubber and gum imports dropped significantly to $X in 2022. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 93%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Vietnam (X tons) was the main natural rubber and gum supplier to Bulgaria, with a 97% share of total imports. It was followed by Greece (X kg), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam totaled +33.3%.

In value terms, Vietnam ($X) constituted the largest supplier of natural rubber and gums to Bulgaria, comprising 90% of total imports. The second position in the ranking was taken by Greece ($X), with a 0.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam amounted to +35.1%.

Import Prices by Country

In 2022, the average natural rubber and gum import price amounted to $X per ton, with a decrease of -6.2% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, natural rubber and gum import price increased by +47.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 48% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece ($X per ton), while the price for Vietnam amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+67.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for natural rubber and gums in the world?

The countries with the highest volumes of natural rubber and gum consumption in 2021 were Thailand, Indonesia and China, together comprising 56% of global consumption. Vietnam, India, Malaysia and Cote d'Ivoire lagged somewhat behind, together accounting for a further 26%.

What are the largest producers of natural rubber and gums in the world?

The countries with the highest volumes of natural rubber and gum production in 2021 were Thailand, Indonesia and Vietnam, together comprising 63% of global production. These countries were followed by India, Cote d'Ivoire, China, Malaysia and the Philippines, which together accounted for a further 24%.

What are the leading suppliers of natural rubber and gums to Bulgaria?

In value terms, Vietnam constituted the largest supplier of natural rubber and gum to Bulgaria, comprising 79% of total imports. The second position in the ranking was occupied by Thailand, with an 8.9% share of total imports.

What are the leading importers of natural rubber and gums from Bulgaria?

In value terms, Serbia remains the key foreign market for natural rubber and gum exports from Bulgaria, comprising 72% of total exports. The second position in the ranking was occupied by Bosnia and Herzegovina, with a 28% share of total exports.

What is the average export price for natural rubber and gums in Bulgaria?

In 2021, the average natural rubber and gum export price amounted to $4,010 per ton, picking up by 50% against the previous year.

What is the average import price for natural rubber and gums in Bulgaria?

In 2021, the average natural rubber and gum import price amounted to $1,833 per ton, increasing by 48% against the previous year.

This report provides an in-depth analysis of the market for natural rubber and gum in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 836 - Natural rubber

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024