Bulgaria: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Bulgaria

After three years of decline, the Bulgarian market for other synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 5.8% to $X in 2021. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Bulgaria

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning expanded to $X in 2021 estimated in export price. Overall, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -27.2% against 2017 indices. The most prominent rate of growth was recorded in 2016 with an increase of 47%. Over the period under review, production of attained the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Bulgaria

In 2021, overseas shipments of other synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -22.1% to X tons, falling for the second consecutive year after four years of growth. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2016 when exports increased by 692%. Over the period under review, the exports of reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2016 when exports increased by 1,102% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Greece (X tons) was the main destination for exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Bulgaria, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece totaled +44.8%.

In value terms, Greece ($X) also remains the key foreign market for other synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Bulgaria.

From 2012 to 2021, the average annual growth rate of value to Greece totaled +51.7%.

Export Prices by Country

The average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, picking up by 53% against the previous year. In general, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning increased by +53.7% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Greece.

From 2012 to 2021, the rate of growth in terms of prices for Greece amounted to +4.8% per year.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Bulgaria

In 2021, approx. X tons of other synthetic tow and staple not carded, combed or otherwise processed for spinning were imported into Bulgaria; falling by -80.2% on the previous year's figure. Overall, imports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2016 with an increase of 315% against the previous year. Imports peaked at X tons in 2020, and then fell sharply in the following year.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning contracted sharply to $X in 2021. Over the period under review, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2016 when imports increased by 384% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Austria (X tons) constituted the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning supplier to Bulgaria, with a 66% share of total imports. Moreover, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Austria exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Italy (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Austria amounted to +31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+48.3% per year) and Italy (+9.8% per year).

In value terms, Germany ($X) constituted the largest supplier of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Bulgaria, comprising 77% of total imports. The second position in the ranking was held by Austria ($X), with a 20% share of total imports. It was followed by Italy, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +67.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+37.5% per year) and Italy (-5.7% per year).

Import Prices by Country

In 2021, the average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, growing by 243% against the previous year. In general, the import price saw a strong expansion. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 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, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+223.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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