Bulgaria: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2024

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Bulgaria

The Bulgarian market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021, jumping by 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a buoyant increase. Consumption of peaked in 2021 and is likely to see steady growth in the near future.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports from Bulgaria

In 2021, the amount of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Bulgaria soared to X tons, picking up by 43% against the previous year's figure. Over the period under review, exports, however, showed a perceptible slump. Over the period under review, the exports of reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 101%. Over the period under review, the exports of reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

North Macedonia (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Bulgaria, accounting for a 91% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to North Macedonia exceeded the volume sent to the second major destination, Serbia (X kg), more than tenfold. The third position in this ranking was held by the UK (X kg), with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume to North Macedonia stood at -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (-4.1% per year) and the UK (-41.1% per year).

In value terms, North Macedonia ($X) remains the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Bulgaria, comprising 91% of total exports. The second position in the ranking was held by Serbia ($X), with a 4% share of total exports. It was followed by the UK, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to North Macedonia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (-7.8% per year) and the UK (-40.5% per year).

Export Prices by Country

The average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, with an increase of 32% against the previous year. Overall, the export price showed a noticeable expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 110%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to the UK ($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 North Macedonia (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports into Bulgaria

In 2021, the amount of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning imported into Bulgaria rose notably to X tons, picking up by 14% on 2020. Overall, imports saw a notable increase. The pace of growth appeared the most rapid in 2015 with an increase of 86% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. In general, imports recorded a resilient increase. The growth pace was the most rapid in 2018 with an increase of 51%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

The Czech Republic (X tons), Denmark (X tons) and Turkey (X tons) were the main suppliers of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Bulgaria, together accounting for 75% of total imports. Ukraine, Belgium, Germany, China and Italy lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +78.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Bulgaria, comprising 37% of total imports. The second position in the ranking was taken by Turkey ($X), with a 17% share of total imports. It was followed by Denmark, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+10.6% per year) and Denmark (+16.9% per year).

Import Prices by Country

The average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, surging by 8.3% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 16% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Denmark ($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 (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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