Bulgaria: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Bulgaria

The Bulgarian market for plasticised mixed polyvinyl chloride in primary forms shrank to $X in 2022, reducing by -4.1% against the previous year. Over the period under review, consumption, however, saw a resilient expansion. As a result, consumption reached the peak level of $X, and then reduced slightly in the following year.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in Bulgaria

In value terms, production of plasticised mixed polyvinyl chloride in primary forms soared to $X in 2022 estimated in export price. Overall, production saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 208% against the previous year. Over the period under review, production of attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Bulgaria

For the third year in a row, Bulgaria recorded growth in shipments abroad of plasticised mixed polyvinyl chloride in primary forms, which increased by 62% to X tons in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 121% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms soared to $X in 2022. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 91% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy (X tons) was the main destination for exports of plasticised mixed polyvinyl chloride in primary forms from Bulgaria, with a 59% share of total exports. Moreover, exports of plasticised mixed polyvinyl chloride in primary forms to Italy exceeded the volume sent to the second major destination, Turkey (X tons), fourfold. Cyprus (X tons) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to +83.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+14.2% per year) and Cyprus (+67.9% per year).

In value terms, Italy ($X) emerged as the key foreign market for plasticised mixed polyvinyl chloride in primary forms exports from Bulgaria, comprising 50% of total exports. The second position in the ranking was taken by Turkey ($X), with a 21% share of total exports. It was followed by Cyprus, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +81.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+17.3% per year) and Cyprus (+59.3% per year).

Export Prices by Country

In 2022, the average export price for plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, with a decrease of -2.2% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 45% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Germany ($X per ton), while the average price for exports to North Macedonia ($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 Ukraine (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Bulgaria

Imports of plasticised mixed polyvinyl chloride in primary forms into Bulgaria shrank to X tons in 2022, reducing by -6.2% compared with the previous year. Over the period under review, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 77% against the previous year. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms dropped to $X in 2022. In general, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 161% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Turkey (X tons), North Macedonia (X tons) and Romania (X tons) were the main suppliers of imports of plasticised mixed polyvinyl chloride in primary forms to Bulgaria, with a combined 90% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by North Macedonia (with a CAGR of +89.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plasticised mixed polyvinyl chloride in primary forms suppliers to Bulgaria were Turkey ($X), North Macedonia ($X) and Romania ($X), together comprising 85% of total imports.

North Macedonia, with a CAGR of +90.3%, saw the highest growth rate of the value of imports, in terms of 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 plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, declining by -5% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2021 an increase of 47%. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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