Bulgaria: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Bulgaria

In 2021, the Bulgarian market for plastic plates, sheets, film, foil and strip decreased by -13.6% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption continues to indicate a pronounced downturn. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Plastic Plates, Sheets, Film, Foil And Strip in Bulgaria

In value terms, production of plastic plates, sheets, film, foil and strip reduced remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 38% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth remained at a somewhat lower figure.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from Bulgaria

In 2021, overseas shipments of plastic plates, sheets, film, foil and strip decreased by -2.4% to X tons for the first time since 2011, thus ending a nine-year rising trend. Overall, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by 32%. Over the period under review, the exports of hit record highs at X tons in 2020, and then dropped slightly in the following year.

In value terms, exports of plastic plates, sheets, film, foil and strip surged to $X in 2021. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 32% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Italy (X tons), Germany (X tons) and Greece (X tons) were the main destinations of exports of plastic plates, sheets, film, foil and strip from Bulgaria, with a combined 36% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +44.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic plate, sheet, film, foil and strip exported from Bulgaria were Italy ($X), Germany ($X) and Greece ($X), with a combined 35% share of total exports. These countries were followed by Poland, Turkey, Romania, France, the UK, the Netherlands, Ukraine, Spain, Serbia and Israel, which together accounted for a further 44%.

Among the main countries of destination, Israel, with a CAGR of +43.2%, 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

The average export price for plastic plates, sheets, film, foil and strip stood at $X per ton in 2021, jumping by 33% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and France ($X per ton), while the average price for exports to Greece ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into Bulgaria

For the third consecutive year, Bulgaria recorded growth in overseas purchases of plastic plates, sheets, film, foil and strip, which increased by 11% to X tons in 2021. The total import volume increased at an average annual rate of +6.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 47%. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, imports of plastic plates, sheets, film, foil and strip skyrocketed to $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.3% 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 +39.2% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by 38% 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 Poland (X tons) were the main suppliers of imports of plastic plates, sheets, film, foil and strip to Bulgaria, together accounting for 51% of total imports. These countries were followed by Italy, Romania, China, Austria, Greece, Belgium, Hungary, the Czech Republic, Serbia and Israel, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +29.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic plate, sheet, film, foil and strip suppliers to Bulgaria were Turkey ($X), Germany ($X) and Italy ($X), with a combined 47% share of total imports. These countries were followed by Poland, Austria, Romania, Belgium, China, Greece, Hungary, the Czech Republic, Serbia and Israel, which together accounted for a further 36%.

Serbia, with a CAGR of +24.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 plates, sheets, film, foil and strip stood at $X per ton in 2021, jumping by 18% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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