Bulgaria: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Bulgaria

In 2021, the Bulgarian plastic furniture fittings market decreased by -13.7% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption showed a relatively flat trend pattern. Plastic furniture fittings consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Plastic Furniture Fittings Production in Bulgaria

In value terms, plastic furniture fittings production surged to $X in 2021 estimated in export price. Over the period under review, production saw a pronounced contraction. Plastic furniture fittings production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Plastic Furniture Fittings Exports

Exports from Bulgaria

In 2021, shipments abroad of plastic fittings for furniture increased by 56% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 305% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, plastic furniture fittings exports contracted to $X in 2021. In general, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 83%. The exports peaked at $X in 2020, and then fell in the following year.

Exports by Country

Greece (X tons), Spain (X tons) and Romania (X tons) were the main destinations of plastic furniture fittings exports from Bulgaria, together comprising 74% of total exports. Turkey, Belgium, Moldova, Switzerland and Serbia lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +156.0%), while the other leaders experienced more modest paces of growth.

In value terms, Greece ($X), Belgium ($X) and Spain ($X) appeared to be the largest markets for plastic furniture fittings exported from Bulgaria worldwide, together comprising 44% of total exports. Switzerland, Romania, Turkey, Serbia and Moldova lagged somewhat behind, together comprising a further 28%.

Switzerland, with a CAGR of +125.8%, recorded the highest rates of growth with regard to 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 plastic furniture fittings export price amounted to $X per ton, waning by -44.9% against the previous year. Overall, the export price, however, showed a temperate increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 42% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Spain ($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 Turkey (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Fittings Imports

Imports into Bulgaria

In 2021, the amount of plastic fittings for furniture imported into Bulgaria rose significantly to X tons, surging by 9.3% against the previous year's figure. Overall, imports saw a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by 53% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, plastic furniture fittings imports skyrocketed to $X in 2021. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 40% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

Turkey (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of plastic furniture fittings imports to Bulgaria, with a combined 61% share of total imports. The Czech Republic, China, Romania, Poland, Italy, Slovakia and France lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +50.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Germany ($X) and Austria ($X) constituted the largest plastic furniture fittings suppliers to Bulgaria, with a combined 57% share of total imports. The Czech Republic, Romania, China, Poland, Italy, Slovakia and France lagged somewhat behind, together accounting for a further 38%.

In terms of the main suppliers, Romania, with a CAGR of +42.6%, saw the highest growth rate of 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

The average plastic furniture fittings import price stood at $X per ton in 2021, growing by 16% against the previous year. Over the period under review, the import price, however, showed a perceptible reduction. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, 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 Slovakia ($X per ton), while the price for Turkey ($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 (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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