Bulgaria: Other Papers Packaging Market 2024

Other Papers Packaging Market Size in Bulgaria

In 2022, the Bulgarian other papers packaging market increased by 55% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.8% 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 +85.3% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Other Papers Packaging Exports

Exports from Bulgaria

Other papers packaging exports from Bulgaria surged to X tons in 2022, increasing by 45% against 2021 figures. In general, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 74% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, other papers packaging exports surged to $X in 2022. Overall, exports, however, saw a slight descent. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Serbia (X tons) was the main destination for other papers packaging exports from Bulgaria, accounting for a 58% share of total exports. Moreover, other papers packaging exports to Serbia exceeded the volume sent to the second major destination, Romania (X tons), threefold. The third position in this ranking was held by Greece (X tons), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Serbia amounted to +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+6.0% per year) and Greece (-25.4% per year).

In value terms, Serbia ($X) remains the key foreign market for other papers packaging exports from Bulgaria, comprising 53% of total exports. The second position in the ranking was taken by Romania ($X), with a 16% share of total exports. It was followed by Greece, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Serbia totaled +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+7.7% per year) and Greece (-19.0% per year).

Export Prices by Country

In 2022, the average other papers packaging export price amounted to $X per ton, remaining stable against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price 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, other papers packaging export price increased by +7.4% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 34%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Turkey ($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 Armenia (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Other Papers Packaging Imports

Imports into Bulgaria

In 2022, approx. X tons of other papers packaging were imported into Bulgaria; jumping by 40% against 2021. The total import volume increased at an average annual rate of +4.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, other papers packaging imports surged to $X in 2022. Over the period under review, imports recorded a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of other papers packaging imports to Bulgaria, together comprising 90% of total imports. Serbia and Greece lagged somewhat behind, together comprising a further 6.6%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +30.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest other papers packaging suppliers to Bulgaria were Italy ($X), Turkey ($X) and Germany ($X), together accounting for 88% of total imports. Greece and Serbia lagged somewhat behind, together comprising a further 6.7%.

Greece, with a CAGR of +36.1%, 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 other papers packaging import price stood at $X per ton in 2022, picking up by 16% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 47%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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