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

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

In 2021, the Bulgarian market for plastic fittings for tubes, pipes and hoses increased by 83% to $X, rising for the second consecutive year after five years of decline. In general, consumption continues to indicate buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Bulgaria

In value terms, production of plastic fittings for tubes, pipes and hoses soared to $X in 2021 estimated in export price. In general, production posted a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 58%. Production of peaked in 2021 and is expected to retain growth in the near future.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Bulgaria

In 2021, the amount of plastic fittings for tubes, pipes and hoses exported from Bulgaria declined slightly to X tons, remaining relatively unchanged against the year before. Over the period under review, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 88%. Over the period under review, the exports of attained the maximum at X tons in 2020, and then dropped modestly in the following year.

In value terms, exports of plastic fittings for tubes, pipes and hoses soared to $X in 2021. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 98% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons), Serbia (X tons) and Turkey (X tons) were the main destinations of exports of plastic fittings for tubes, pipes and hoses from Bulgaria, together accounting for 55% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +79.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Hungary ($X) were the largest markets for plastic fittings for tubes, pipes and hoses exported from Bulgaria worldwide, with a combined 72% share of total exports. Turkey, Serbia, Romania, Morocco, Libya, North Macedonia, Greece, Guinea and Italy lagged somewhat behind, together accounting for a further 21%.

In terms of the main countries of destination, Libya, with a CAGR of +97.6%, recorded 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 2021, the average export price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, jumping by 27% against the previous year. Overall, the export price continues to indicate a strong expansion. The growth pace was the most rapid in 2020 an increase of 38%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: 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 Hungary (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Bulgaria

In 2021, overseas purchases of plastic fittings for tubes, pipes and hoses increased by 14% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +8.2% 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 +35.9% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 48% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, imports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +11.2% 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 +71.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 44% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of plastic fittings for tubes, pipes and hoses to Bulgaria, with a 21% share of total imports. Moreover, imports of plastic fittings for tubes, pipes and hoses from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was taken by Poland (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.0% per year) and Poland (+11.2% per year).

In value terms, Germany ($X), Turkey ($X) and Poland ($X) appeared to be the largest plastic fittings for tubes, pipes and hoses suppliers to Bulgaria, with a combined 53% share of total imports.

Among the main suppliers, Poland, with a CAGR of +21.1%, 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 import price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, increasing by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2014 when the average import price increased by 23%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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