Bulgaria: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Bulgaria

The Bulgarian market for plastic hoses and hose fittings skyrocketed to $X in 2021, growing by 20% against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value 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, consumption increased by +92.0% against 2016 indices. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the immediate term.

Production of Plastic Hoses and Hose Fittings in Bulgaria

In value terms, plastic hose and hose fitting production declined rapidly to $X in 2021 estimated in export price. Over the period under review, production saw a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 106% against the previous year. Plastic hose and hose fitting production peaked at $X in 2020, and then dropped markedly in the following year.

Exports of Plastic Hoses and Hose Fittings

Exports from Bulgaria

For the sixth year in a row, Bulgaria recorded growth in overseas shipments of plastic hoses and hose fittings, which increased by 13% to X tons in 2021. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 82%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, plastic hose and hose fitting exports surged to $X in 2021. Overall, exports posted a significant increase. The growth pace was the most rapid in 2019 with an increase of 85%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), Germany (X tons) and Italy (X tons) were the main destinations of plastic hose and hose fitting exports from Bulgaria, together accounting for 37% of total exports. Greece, Romania, Poland, Russia, Turkey, Saudi Arabia, Morocco, the Czech Republic, the Netherlands and France lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +158.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for plastic hoses and hose fittings exports from Bulgaria, comprising 39% of total exports. The second position in the ranking was held by Germany ($X), with a 10% share of total exports. It was followed by Greece, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +67.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+42.6% per year) and Greece (+28.5% per year).

Export Prices by Country

The average export price for plastic hoses and hose fittings stood at $X per ton in 2021, growing by 20% against the previous year. In general, the export price saw resilient growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 43% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Saudi Arabia ($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 United States (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Bulgaria

In 2021, the amount of plastic hoses and hose fittings imported into Bulgaria expanded significantly to X tons, surging by 15% against the year before. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 62%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, plastic hose and hose fitting imports skyrocketed to $X in 2021. Overall, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.5% 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 increased by +86.6% against 2016 indices. The pace of growth was the most pronounced in 2013 when imports increased by 62%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest plastic hose and hose fitting supplier to Bulgaria, accounting for a 31% share of total imports. Moreover, plastic hose and hose fitting imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Romania (X tons), twofold. Germany (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic stood at +68.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+22.8% per year) and Germany (+12.4% per year).

In value terms, Germany ($X) constituted the largest supplier of plastic hoses and hose fittings to Bulgaria, comprising 22% of total imports. The second position in the ranking was taken by Italy ($X), with a 10% share of total imports. It was followed by Greece, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.4% per year) and Greece (+5.4% per year).

Import Prices by Country

The average import price for plastic hoses and hose fittings stood at $X per ton in 2021, with an increase of 6.7% against the previous year. In general, the import price, however, continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2019 when the average import price increased by 39% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for the Czech Republic ($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 (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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