Bulgaria: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Bulgaria

The Bulgarian market for polyester tow and staple, not carded, combed or otherwise processed for spinning soared to $X in 2022, surging by 23% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.3% 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 +89.8% against 2015 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Production of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Bulgaria

In value terms, production of polyester tow and staple, not carded, combed or otherwise processed for spinning expanded slightly to $X in 2022 estimated in export price. Over the period under review, production enjoyed noticeable growth. The growth pace was the most rapid in 2019 with an increase of 74% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Bulgaria

For the fifth consecutive year, Bulgaria recorded growth in overseas shipments of polyester tow and staple, not carded, combed or otherwise processed for spinning, which increased by 8.3% to X tons in 2022. Overall, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 68% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning skyrocketed to $X in 2022. Over the period under review, exports recorded a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 89%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Poland (X tons), Romania (X tons) and Germany (X tons) were the main destinations of exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Bulgaria, together comprising 57% of total exports. Serbia, Italy, Greece, the Czech Republic, Croatia, Lithuania, Cyprus, Belgium, Estonia and North Macedonia lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Cyprus (with a CAGR of +76.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Romania ($X) and Germany ($X) appeared to be the largest markets for polyester tow and staple, not carded, combed or otherwise processed for spinning exported from Bulgaria worldwide, together comprising 57% of total exports. Serbia, Italy, Greece, the Czech Republic, Croatia, Lithuania, Belgium, Cyprus, North Macedonia and Estonia lagged somewhat behind, together accounting for a further 34%.

Cyprus, with a CAGR of +76.8%, 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 2022, the average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, jumping by 15% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and Italy ($X per ton), while the average price for exports to Serbia ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Bulgaria

In 2022, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning into Bulgaria rose markedly to X tons, with an increase of 11% against 2021. Over the period under review, imports saw resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 40% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning skyrocketed to $X in 2022. In general, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 48%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X tons), South Korea (X tons) and Vietnam (X tons) were the main suppliers of imports of polyester tow and staple, not carded, combed or otherwise processed for spinning to Bulgaria, together comprising 73% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +58.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyester tow and staple, not carded, combed or otherwise processed for spinning suppliers to Bulgaria were China ($X), South Korea ($X) and Vietnam ($X), with a combined 71% share of total imports.

Among the main suppliers, China, with a CAGR of +52.1%, recorded the highest rates of growth with regard to 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

In 2022, the average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, surging by 15% against the previous year. Overall, the import price, however, showed a noticeable downturn. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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