Bulgaria: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in Bulgaria

The Bulgarian plastic household ware market skyrocketed to $X in 2021, increasing by 47% against the previous year. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +122.5% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Plastic Household Ware Production in Bulgaria

In value terms, plastic household ware production skyrocketed to $X in 2021 estimated in export price. In general, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -27.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 39%. Plastic household ware production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Plastic Household Ware Exports

Exports from Bulgaria

In 2021, overseas shipments of plastics household articles and toilet articles decreased by -3.5% to X tons, falling for the fourth consecutive year after six years of growth. In general, exports, however, showed temperate growth. The most prominent rate of growth was recorded in 2013 when exports increased by 36%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, plastic household ware exports expanded significantly to $X in 2021. Overall, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -21.3% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 54% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X tons), Romania (X tons) and Italy (X tons) were the main destinations of plastic household ware exports from Bulgaria, with a combined 45% share of total exports. These countries were followed by Germany, the United States, Serbia, Poland, North Macedonia, Croatia, the Netherlands, the UK, Spain and France, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +113.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Romania ($X) and Greece ($X) appeared to be the largest markets for plastic household ware exported from Bulgaria worldwide, with a combined 40% share of total exports. These countries were followed by Italy, the United States, Serbia, Poland, the UK, North Macedonia, Spain, Croatia, the Netherlands and France, which together accounted for a further 41%.

The United States, with a CAGR of +125.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic household ware export price stood at $X per ton in 2021, surging by 8.8% against the previous year. In general, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plastic household ware export price increased by +63.5% against 2016 indices. The pace of growth was the most pronounced in 2018 an increase of 22% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Poland ($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 (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Ware Imports

Imports into Bulgaria

Plastic household ware imports into Bulgaria totaled X tons in 2021, picking up by 3.8% compared with 2020 figures. The total import volume increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 19% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, plastic household ware imports soared to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +18.9% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest plastic household ware supplier to Bulgaria, with a 40% share of total imports. Moreover, plastic household ware imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Greece (X tons), with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.3% per year) and Greece (+11.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of plastics household articles and toilet articles to Bulgaria, comprising 31% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Germany, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.9% per year) and Germany (+5.8% per year).

Import Prices by Country

In 2021, the average plastic household ware import price amounted to $X per ton, growing by 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.4%. 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 Germany ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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