Bulgaria: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Bulgaria

The Bulgarian market for plastics pipes and pipe fittings dropped markedly to $X in 2022, which is down by -15.8% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Plastics Pipes And Pipe Fittings in Bulgaria

In value terms, plastics pipe and pipe fitting production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 26% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Plastics Pipes And Pipe Fittings

Exports from Bulgaria

In 2022, overseas shipments of plastics pipes and pipe fittings increased by 1.6% to X tons, rising for the fifth consecutive year after three years of decline. In general, exports recorded a strong expansion. The growth pace was the most rapid in 2020 with an increase of 69%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, plastics pipe and pipe fitting exports totaled $X in 2022. Overall, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2020 when exports increased by 92%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Greece (X tons) was the main destination for plastics pipe and pipe fitting exports from Bulgaria, with a 51% share of total exports. Moreover, plastics pipe and pipe fitting exports to Greece exceeded the volume sent to the second major destination, Romania (X tons), threefold. The third position in this ranking was held by Serbia (X tons), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece totaled +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+16.0% per year) and Serbia (+8.7% per year).

In value terms, Germany ($X) remains the key foreign market for plastics pipes and pipe fittings exports from Bulgaria, comprising 34% of total exports. The second position in the ranking was taken by Greece ($X), with a 16% share of total exports. It was followed by Romania, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +40.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+8.8% per year) and Romania (+16.5% per year).

Export Prices by Country

The average export price for plastics pipes and pipe fittings stood at $X per ton in 2022, with an increase of 2.8% against the previous year. Over the period under review, the export price posted a remarkable increase. The growth pace was the most rapid in 2017 when the average export price increased by 31%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

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 ($X per ton), while the average price for exports to Croatia ($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 Germany (+32.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into Bulgaria

In 2022, supplies from abroad of plastics pipes and pipe fittings increased by 11% to X tons, rising for the sixth consecutive year after two years of decline. In general, imports showed prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 56%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, plastics pipe and pipe fitting imports expanded remarkably to $X in 2022. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 43%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, North Macedonia (X tons) constituted the largest supplier of plastics pipe and pipe fitting to Bulgaria, accounting for a 36% share of total imports. Moreover, plastics pipe and pipe fitting imports from North Macedonia exceeded the figures recorded by the second-largest supplier, Romania (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from North Macedonia totaled +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+5.5% per year) and Turkey (+9.8% per year).

In value terms, North Macedonia ($X), Turkey ($X) and Romania ($X) were the largest plastics pipe and pipe fitting suppliers to Bulgaria, with a combined 52% share of total imports. Germany, Serbia, the Czech Republic, Italy and Greece lagged somewhat behind, together accounting for a further 32%.

In terms of the main suppliers, Serbia, with a CAGR of +16.7%, recorded the highest growth rate of the value of imports, 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 plastics pipes and pipe fittings stood at $X per ton in 2022, which is down by -2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Serbia (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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