Bulgaria: Market for Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms in Bulgaria

The Bulgarian market for non-plasticised mixed polyvinyl chloride in primary forms declined to $X in 2022, shrinking by -10.7% 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). Overall, consumption, however, continues to indicate a prominent expansion. Consumption of peaked at $X in 2021, and then reduced in the following year.

Exports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Bulgaria

In 2022, overseas shipments of non-plasticised mixed polyvinyl chloride in primary forms increased by 68% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a pronounced downturn. The growth pace was the most rapid in 2014 with an increase of 1,998% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of non-plasticised mixed polyvinyl chloride in primary forms soared to $X in 2022. In general, exports enjoyed a perceptible increase. The pace of growth appeared the most rapid in 2018 when exports increased by 2,039%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Greece (X tons) was the main destination for exports of non-plasticised mixed polyvinyl chloride in primary forms from Bulgaria, accounting for a 56% share of total exports. Moreover, exports of non-plasticised mixed polyvinyl chloride in primary forms to Greece exceeded the volume sent to the second major destination, China (X tons), twofold. The third position in this ranking was held by Turkey (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+13.9% per year) and Turkey (+71.0% per year).

In value terms, Greece ($X), Italy ($X) and China ($X) were the largest markets for non-plasticised mixed polyvinyl chloride in primary forms exported from Bulgaria worldwide, together comprising 86% of total exports. Turkey and North Macedonia lagged somewhat behind, together comprising a further 13%.

Among the main countries of destination, Turkey, with a CAGR of +39.5%, recorded the highest growth rate of 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

In 2022, the average export price for non-plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, rising by 26% against the previous year. In general, the export price recorded a remarkable increase. The growth pace was the most rapid in 2013 an increase of 515%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Bulgaria

In 2022, overseas purchases of non-plasticised mixed polyvinyl chloride in primary forms decreased by -11% to X tons, falling for the second year in a row after two years of growth. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.4% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by 55%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of non-plasticised mixed polyvinyl chloride in primary forms fell to $X in 2022. Over the period under review, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Romania (X tons) constituted the largest supplier of non-plasticised mixed polyvinyl chloride in primary forms to Bulgaria, accounting for a 62% share of total imports. Moreover, imports of non-plasticised mixed polyvinyl chloride in primary forms from Romania exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume from Romania stood at +38.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+32.5% per year) and Italy (-10.7% per year).

In value terms, Romania ($X) constituted the largest supplier of non-plasticised mixed polyvinyl chloride in primary forms to Bulgaria, comprising 68% of total imports. The second position in the ranking was held by Turkey ($X), with a 20% share of total imports. It was followed by Italy, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value from Romania totaled +43.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+38.5% per year) and Italy (-12.0% per year).

Import Prices by Country

In 2022, the average import price for non-plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, picking up by 3.8% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for non-plasticised mixed polyvinyl chloride in primary forms increased by +56.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 51%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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