Bulgaria: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in Bulgaria

In 2021, the Bulgarian lamp plastic parts market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption recorded a remarkable increase. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Lamp Plastic Parts Production in Bulgaria

In value terms, lamp plastic parts production surged to $X in 2021 estimated in export price. Overall, production enjoyed a significant expansion. The growth pace was the most rapid in 2015 when the production volume increased by 221%. Lamp plastic parts production peaked in 2021 and is expected to retain growth in the immediate term.

Lamp Plastic Parts Exports

Exports from Bulgaria

In 2021, overseas shipments of plastic parts for lamps and lighting fittings increased by 170% to X tons, rising for the second year in a row after five years of decline. In general, exports, however, showed a pronounced descent. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, lamp plastic parts exports skyrocketed to $X in 2021. Overall, exports continue to indicate a perceptible increase. The pace of growth was the most pronounced in 2020 with an increase of 359%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Greece (X tons) was the main destination for lamp plastic parts exports from Bulgaria, accounting for a 79% share of total exports. Moreover, lamp plastic parts exports to Greece exceeded the volume sent to the second major destination, Austria (X tons), tenfold. The third position in this ranking was held by Iran (X kg), with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece totaled +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+14.2% per year) and Iran (+150.0% per year).

In value terms, Greece ($X) emerged as the key foreign market for plastic parts for lamps and lighting fittings exports from Bulgaria, comprising 84% of total exports. The second position in the ranking was held by Iran ($X), with a 2.9% share of total exports. It was followed by Austria, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Greece amounted to +23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+48.4% per year) and Austria (-5.1% per year).

Export Prices by Country

In 2021, the average lamp plastic parts export price amounted to $X per ton, which is down by -24.6% against the previous year. Overall, the export price, however, recorded a strong increase. The pace of growth appeared the most rapid in 2020 an increase of 134% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined sharply in the following year.

Prices varied noticeably country of destination: the country with the highest price was Greece ($X per ton), while the average price for exports to Austria ($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 France (+35.4%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Plastic Parts Imports

Imports into Bulgaria

In 2021, purchases abroad of plastic parts for lamps and lighting fittings increased by 21% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, saw a perceptible setback. The pace of growth was the most pronounced in 2014 with an increase of 105% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, lamp plastic parts imports surged to $X in 2021. Over the period under review, imports posted a strong expansion. The pace of growth was the most pronounced in 2014 when imports increased by 141%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of lamp plastic parts to Bulgaria, with a 67% share of total imports. Moreover, lamp plastic parts imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+150.5% per year) and Turkey (-11.4% per year).

In value terms, the largest lamp plastic parts suppliers to Bulgaria were China ($X), Russia ($X) and Turkey ($X), together comprising 84% of total imports.

Russia, with a CAGR of +250.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average lamp plastic parts import price stood at $X per ton in 2021, increasing by 63% against the previous year. In general, the import price posted buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+39.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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