Bulgaria: Market for Packing Cases, Boxes And Similar Packings 2024

Market Size for Packing Cases, Boxes And Similar Packings in Bulgaria

The Bulgarian wooden case and box market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption enjoyed a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Packing Cases, Boxes And Similar Packings in Bulgaria

In value terms, wooden case and box production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a strong expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Packing Cases, Boxes And Similar Packings

Exports from Bulgaria

In 2022, overseas shipments of packing cases, boxes and similar packings increased by X% to X units, rising for the third consecutive year after two years of decline. Overall, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, wooden case and box exports surged to $X in 2022. In general, exports showed a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Greece (X units), Italy (X units) and Romania (X units) were the main destinations of wooden case and box exports from Bulgaria, together comprising X% of total exports.

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

In value terms, Greece ($X), Italy ($X) and Romania ($X) were the largest markets for wooden case and box exported from Bulgaria worldwide, together accounting for X% of total exports.

Among the main countries of destination, Romania, with a CAGR of X%, recorded the highest rates of growth with regard to 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 wooden case and box export price amounted to $X per unit, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Packing Cases, Boxes And Similar Packings

Imports into Bulgaria

In 2022, approx. X units of packing cases, boxes and similar packings were imported into Bulgaria; growing by X% compared with the previous year's figure. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, wooden case and box imports skyrocketed to $X in 2022. In general, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of wooden case and box to Bulgaria, with a X% share of total imports. Moreover, wooden case and box imports from Italy exceeded the figures recorded by the second-largest supplier, Ukraine (X units), twofold. Romania (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Romania (X% per year).

In value terms, the largest wooden case and box suppliers to Bulgaria were Italy ($X), Ukraine ($X) and Romania ($X), with a combined X% share of total imports. Turkey, Greece, Germany, Poland, Serbia and Bosnia and Herzegovina lagged somewhat behind, together comprising a further X%.

Bosnia and Herzegovina, with a CAGR of X%, recorded 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 wooden case and box import price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Turkey ($X per unit), while the price for Bosnia and Herzegovina ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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