Bulgaria: Plastic Self-Adhesive Plate Market 2024

Plastic Self-Adhesive Plate Market Size in Bulgaria

In 2022, the Bulgarian plastic self-adhesive plate market increased by 15% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +53.8% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Plastic Self-Adhesive Plate Production in Bulgaria

In value terms, plastic self-adhesive plate production surged to $X in 2022 estimated in export price. Overall, production recorded a resilient expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Plastic Self-Adhesive Plate Exports

Exports from Bulgaria

In 2022, plastic self-adhesive plate exports from Bulgaria expanded sharply to X tons, with an increase of 5.3% compared with 2021. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 65% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, plastic self-adhesive plate exports surged to $X in 2022. Overall, exports posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 96% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Romania (X tons), Turkey (X tons) and France (X tons) were the main destinations of plastic self-adhesive plate exports from Bulgaria, together accounting for 53% of total exports. Germany, Greece, North Macedonia, Kazakhstan, Serbia and Austria lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +227.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Kazakhstan ($X) and Romania ($X) were the largest markets for plastic self-adhesive plate exported from Bulgaria worldwide, with a combined 54% share of total exports.

In terms of the main countries of destination, Kazakhstan, with a CAGR of +201.5%, 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 2022, the average plastic self-adhesive plate export price amounted to $X per ton, picking up by 18% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic self-adhesive plate export price increased by +70.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 21% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to North Macedonia ($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 Serbia (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Self-Adhesive Plate Imports

Imports into Bulgaria

Plastic self-adhesive plate imports into Bulgaria shrank to X tons in 2022, which is down by -3% against 2021 figures. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +7.6% 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 +30.9% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 39%. Imports peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, plastic self-adhesive plate imports rose slightly to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +55.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 52% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of plastic self-adhesive plate to Bulgaria, accounting for a 41% share of total imports. Moreover, plastic self-adhesive plate imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.2% per year) and Italy (+2.6% per year).

In value terms, Germany ($X) constituted the largest supplier of plastic self-adhesive plates, sheets and other flat shapes to Bulgaria, comprising 30% of total imports. The second position in the ranking was held by China ($X), with a 9.9% share of total imports. It was followed by Italy, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.0% per year) and Italy (+2.5% per year).

Import Prices by Country

In 2022, the average plastic self-adhesive plate import price amounted to $X per ton, rising by 4.9% against the previous year. Overall, the import price, however, showed a pronounced decline. The growth pace was the most rapid in 2014 when the average import price increased by 23% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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