Bulgaria: Market for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) 2025

Market Size for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Bulgaria

The Bulgarian polystyrene in primary forms market skyrocketed to $X in 2021, surging by 45% 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). The market value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports from Bulgaria

In 2021, the amount of polystyrene in primary forms (excluding expansible polystyrene) exported from Bulgaria dropped markedly to X tons, with a decrease of -63.7% on 2020 figures. Overall, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 426% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, polystyrene in primary forms exports declined sharply to $X in 2021. Over the period under review, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 350% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X tons) was the main destination for polystyrene in primary forms exports from Bulgaria, with a 54% share of total exports. Moreover, polystyrene in primary forms exports to Romania exceeded the volume sent to the second major destination, Greece (X tons), fourfold. Italy (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Romania amounted to +40.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+4.8% per year) and Italy (+0.8% per year).

In value terms, Romania ($X), Italy ($X) and Greece ($X) were the largest markets for polystyrene in primary forms exported from Bulgaria worldwide, together comprising 84% of total exports.

In terms of the main countries of destination, Romania, with a CAGR of +32.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polystyrene in primary forms export price stood at $X per ton in 2021, growing by 99% against the previous year. In general, the export price, however, showed a perceptible decline. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Greece ($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 Slovenia (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports into Bulgaria

In 2021, approx. X tons of polystyrene in primary forms (excluding expansible polystyrene) were imported into Bulgaria; increasing by 3.6% on the previous year. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.6% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 13% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, polystyrene in primary forms imports surged to $X in 2021. Overall, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Iran (X tons) constituted the largest supplier of polystyrene in primary forms to Bulgaria, with a 42% share of total imports. Moreover, polystyrene in primary forms imports from Iran exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Iran amounted to +47.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+24.5% per year) and Germany (-6.2% per year).

In value terms, Iran ($X) constituted the largest supplier of polystyrene in primary forms (excluding expansible polystyrene) to Bulgaria, comprising 40% of total imports. The second position in the ranking was taken by Belgium ($X), with a 15% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Iran stood at +45.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+22.5% per year) and Germany (-5.5% per year).

Import Prices by Country

The average polystyrene in primary forms import price stood at $X per ton in 2021, increasing by 60% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Hungary ($X per ton) and Poland ($X per ton), while the price for Belgium ($X per ton) and Iran ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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