Bulgaria: Packaging Materials Market 2025

Packaging Materials Market Size in Bulgaria

The Bulgarian packaging materials market reduced to $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Packaging Materials Production in Bulgaria

In value terms, packaging materials production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 31% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Packaging Materials Exports

Exports from Bulgaria

Packaging materials exports from Bulgaria fell slightly to X tons in 2022, remaining constant against the year before. The total export volume increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 22% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, packaging materials exports surged to $X in 2022. Overall, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons), Greece (X tons) and Serbia (X tons) were the main destinations of packaging materials exports from Bulgaria, with a combined 36% share of total exports. Italy, South Africa, Hungary, Poland, Oman, Cote d'Ivoire, North Macedonia, South Korea, Thailand and Jordan lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +90.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for packaging materials exported from Bulgaria were Turkey ($X), Serbia ($X) and South Africa ($X), together comprising 34% of total exports. Italy, Greece, Hungary, Poland, Cote d'Ivoire, Oman, South Korea, Thailand, Jordan and North Macedonia lagged somewhat behind, together accounting for a further 42%.

Cote d'Ivoire, with a CAGR of +157.0%, recorded the highest growth rate of the value of exports, in terms of 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 packaging materials export price stood at $X per ton in 2022, picking up by 33% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price 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, packaging materials export price increased by +71.6% against 2020 indices. 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 South Africa ($X per ton), while the average price for exports to North Macedonia ($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 Cote d'Ivoire (+38.6%), while the prices for the other major destinations experienced more modest paces of growth.

Packaging Materials Imports

Imports into Bulgaria

Packaging materials imports into Bulgaria reached X tons in 2022, therefore, remained relatively stable against the previous year's figure. Overall, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +74.9% against 2012 indices. The most prominent rate of growth was recorded in 2018 with an increase of 13% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, packaging materials imports soared to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 +69.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

Austria (X tons), Hungary (X tons) and Romania (X tons) were the main suppliers of packaging materials imports to Bulgaria, with a combined 39% share of total imports. Germany, Turkey, Finland, Serbia, Poland, Slovenia, Italy, China, Sweden and Croatia lagged somewhat behind, together accounting for a further 53%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +20.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and Poland ($X) were the largest packaging materials suppliers to Bulgaria, together accounting for 34% of total imports. Turkey, Romania, Finland, Hungary, Serbia, Italy, China, Slovenia, Sweden and Croatia lagged somewhat behind, together comprising a further 56%.

China, with a CAGR of +17.6%, saw the highest growth rate of the value of imports, in terms of 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 packaging materials import price stood at $X per ton in 2022, with an increase of 19% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2021 when the average import price increased by 26% against the previous year. 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 Poland ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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