Bulgaria: Market for Paper Sacks And Bags 2025

Market Size for Paper Sacks And Bags in Bulgaria

In 2021, the Bulgarian paper sack and bag market decreased by -77.8% to $X, falling for the third consecutive year after two years of growth. Overall, consumption saw a abrupt decline. Paper sack and bag consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Paper Sacks And Bags in Bulgaria

In value terms, paper sack and bag production declined notably to $X in 2021 estimated in export price. In general, production saw a significant decline. The pace of growth was the most pronounced in 2013 with an increase of 44% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Paper Sacks And Bags

Exports from Bulgaria

In 2021, approx. X tons of paper sacks and bags were exported from Bulgaria; with an increase of 45% on the year before. Overall, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +27.0% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, paper sack and bag exports soared to $X in 2021. The total export value increased at an average annual rate of +5.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Greece (X tons) was the main destination for paper sack and bag exports from Bulgaria, with a 41% share of total exports. Moreover, paper sack and bag exports to Greece exceeded the volume sent to the second major destination, Germany (X tons), sixfold. France (X tons) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to Greece totaled +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+12.0% per year) and France (+6.4% per year).

In value terms, Greece ($X), Germany ($X) and France ($X) were the largest markets for paper sack and bag exported from Bulgaria worldwide, together comprising 41% of total exports. These countries were followed by Sweden, the Netherlands, Austria, Italy, Norway, Belgium, the UK, Ireland, Denmark and Romania, which together accounted for a further 45%.

Romania, with a CAGR of +42.5%, saw 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

In 2021, the average paper sack and bag export price amounted to $X per ton, waning by -11% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 21%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paper Sacks And Bags

Imports into Bulgaria

In 2021, paper sack and bag imports into Bulgaria rose modestly to X tons, growing by 3.9% compared with the previous year's figure. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -2.6% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 29%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, paper sack and bag imports surged to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +97.5% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Hungary (X tons) constituted the largest paper sack and bag supplier to Bulgaria, accounting for a 25% share of total imports. Moreover, paper sack and bag imports from Hungary exceeded the figures recorded by the second-largest supplier, Romania (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hungary totaled +57.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+12.5% per year) and Italy (+6.7% per year).

In value terms, the largest paper sack and bag suppliers to Bulgaria were Hungary ($X), Italy ($X) and Serbia ($X), with a combined 49% share of total imports.

Hungary, with a CAGR of +67.4%, recorded 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 paper sack and bag import price stood at $X per ton in 2021, with an increase of 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2014 an increase of 19%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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