Bulgaria: Plastic Packaging Market 2024

Plastic Packaging Market Size in Bulgaria

In 2022, the Bulgarian plastic packaging market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Plastic Packaging Production in Bulgaria

In value terms, plastic packaging production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Plastic packaging production peaked in 2022 and is likely to see gradual growth in the immediate term.

Plastic Packaging Exports

Exports from Bulgaria

In 2022, overseas shipments of plastic packaging were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, plastic packaging exports surged to $X in 2022. Over the period under review, exports showed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Greece (X tons) and Romania (X tons) were the main destinations of plastic packaging exports from Bulgaria, with a combined X% share of total exports. The Netherlands, Turkey, North Macedonia, Serbia, Kosovo, Italy, Israel, Denmark and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Kosovo (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Greece ($X) and Romania ($X) constituted the largest markets for plastic packaging exported from Bulgaria worldwide, with a combined X% share of total exports. The Netherlands, Italy, North Macedonia, the UK, Serbia, Turkey, Kosovo, Denmark and Israel lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Kosovo, with a CAGR of X%, saw 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 plastic packaging export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

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

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

Plastic Packaging Imports

Imports into Bulgaria

In 2022, overseas purchases of plastic packaging decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, plastic packaging imports expanded notably to $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Turkey (X tons) constituted the largest plastic packaging supplier to Bulgaria, with a X% share of total imports. Moreover, plastic packaging imports from Turkey exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. Greece (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Greece (X% per year).

In value terms, Turkey ($X), Poland ($X) and Germany ($X) were the largest plastic packaging suppliers to Bulgaria, with a combined X% share of total imports. Greece, Italy, Hungary, Romania, China, Serbia, Austria, Croatia and Vietnam lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Croatia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 packaging import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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