Bulgaria: Non-Cellular Polyethylene Film Market 2024

Non-Cellular Polyethylene Film Market Size in Bulgaria

In 2021, the Bulgarian non-cellular polyethylene film market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +5.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in years to come.

Non-Cellular Polyethylene Film Production in Bulgaria

In value terms, non-cellular polyethylene film production expanded significantly to $X in 2021 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +2.3% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 42%. Non-cellular polyethylene film production peaked in 2021 and is likely to see steady growth in years to come.

Non-Cellular Polyethylene Film Exports

Exports from Bulgaria

In 2021, non-cellular polyethylene film exports from Bulgaria soared to X tons, with an increase of 45% compared with 2020. In general, exports continue to indicate resilient growth. The growth pace was the most rapid in 2013 with an increase of 60%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, non-cellular polyethylene film exports skyrocketed to $X in 2021. Overall, exports recorded a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), the Netherlands (X tons) and Romania (X tons) were the main destinations of non-cellular polyethylene film exports from Bulgaria, together comprising 53% of total exports. Poland, Italy, Greece, Serbia, Denmark, the Czech Republic, Iraq, Israel, the UK and North Macedonia lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +70.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-cellular polyethylene film exported from Bulgaria were Germany ($X), the Netherlands ($X) and Romania ($X), with a combined 52% share of total exports. Poland, Greece, Italy, Serbia, Denmark, the Czech Republic, Iraq, the UK, Israel and North Macedonia lagged somewhat behind, together comprising a further 37%.

The Czech Republic, with a CAGR of +66.2%, saw the highest growth rate of the value of exports, among 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

In 2021, the average non-cellular polyethylene film export price amounted to $X per ton, increasing by 18% against the previous year. In general, the export price recorded modest growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Germany ($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 Israel (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cellular Polyethylene Film Imports

Imports into Bulgaria

For the seventh year in a row, Bulgaria recorded growth in supplies from abroad of non-cellular polyethylene films, sheets, foil and strip, which increased by 17% to X tons in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.9% 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 +99.1% against 2012 indices. The pace of growth appeared the most rapid in 2013 with an increase of 18% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, non-cellular polyethylene film imports skyrocketed to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.5% 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 +59.7% against 2019 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 non-cellular polyethylene film supplier to Bulgaria, with a 32% share of total imports. Moreover, non-cellular polyethylene film imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.8% per year) and Poland (+32.3% per year).

In value terms, Turkey ($X) constituted the largest supplier of non-cellular polyethylene films, sheets, foil and strip to Bulgaria, comprising 28% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by Poland, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.9% per year) and Poland (+35.2% per year).

Import Prices by Country

In 2021, the average non-cellular polyethylene film import price amounted to $X per ton, rising by 28% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :