Bulgaria: Market for Other Plastic Tubes, Pipes and Hoses 2024

Market Size for Other Plastic Tubes, Pipes and Hoses in Bulgaria

The Bulgarian market for other plastic tubes, pipes and hoses soared to $X in 2022, jumping by 24% against the previous year. In general, consumption recorded a relatively flat trend pattern. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Other Plastic Tubes, Pipes and Hoses in Bulgaria

In value terms, production of other plastic tubes, pipes and hoses skyrocketed to $X in 2022 estimated in export price. Over the period under review, production saw a resilient expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports from Bulgaria

After two years of growth, overseas shipments of other plastic tubes, pipes and hoses decreased by -7% to X tons in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 350% against the previous year. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, exports of other plastic tubes, pipes and hoses shrank to $X in 2022. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 138%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

The United States (X tons), Germany (X tons) and Switzerland (X tons) were the main destinations of exports of other plastic tubes, pipes and hoses from Bulgaria, with a combined 55% share of total exports. Italy, China, Greece, Portugal, Romania, the Netherlands, France and Lebanon lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +151.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and China ($X) were the largest markets for other plastic tubes, pipes and hoses exported from Bulgaria worldwide, with a combined 70% share of total exports.

In terms of the main countries of destination, China, with a CAGR of +173.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for other plastic tubes, pipes and hoses amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price saw strong growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 156% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while the average price for exports to France ($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 Portugal (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports into Bulgaria

In 2022, supplies from abroad of other plastic tubes, pipes and hoses increased by 7.4% to X tons, rising for the third consecutive year after two years of decline. Overall, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% 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 +64.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 38%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of other plastic tubes, pipes and hoses rose slightly to $X in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +93.3% against 2018 indices. The growth pace was the most rapid in 2021 when imports increased by 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Romania (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of imports of other plastic tubes, pipes and hoses to Bulgaria, together accounting for 52% of total imports. China, Germany, Greece and Poland lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +23.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Germany ($X) were the largest other plastic tubes, pipes and hoses suppliers to Bulgaria, together accounting for 48% of total imports. Turkey, Romania, Poland and Greece lagged somewhat behind, together accounting for a further 30%.

Among the main suppliers, Poland, with a CAGR of +23.8%, recorded 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 2022, the average import price for other plastic tubes, pipes and hoses amounted to $X per ton, shrinking by -4.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2019 an increase of 21% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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