Bulgaria: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Bulgaria

The Bulgarian market for pure polyvinyl chloride in primary forms dropped notably to $X in 2022, reducing by -21.2% 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 slight slump. As a result, consumption reached the peak level of $X, and then shrank notably in the following year.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Bulgaria

In 2022, approx. X tons of pure polyvinyl chloride in primary forms were exported from Bulgaria; which is down by -69.3% on the previous year. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by 767% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of pure polyvinyl chloride in primary forms dropped rapidly to $X in 2022. Overall, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 809% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Romania (X tons) was the main destination for exports of pure polyvinyl chloride in primary forms from Bulgaria, with a 83% share of total exports. Moreover, exports of pure polyvinyl chloride in primary forms to Romania exceeded the volume sent to the second major destination, Turkey (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Romania totaled +18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-1.0% per year) and the Czech Republic (0.0% per year).

In value terms, Romania ($X) emerged as the key foreign market for pure polyvinyl chloride in primary forms exports from Bulgaria, comprising 84% of total exports. The second position in the ranking was taken by Turkey ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Romania totaled +22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+3.2% per year) and the Czech Republic (0.0% per year).

Export Prices by Country

In 2022, the average export price for pure polyvinyl chloride in primary forms amounted to $X per ton, increasing by 6.3% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for pure polyvinyl chloride in primary forms increased by +59.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 43% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to the Czech Republic ($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 Turkey (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Bulgaria

Imports of pure polyvinyl chloride in primary forms into Bulgaria contracted rapidly to X tons in 2022, falling by -23.8% compared with the previous year. In general, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 11%. Over the period under review, imports of reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of pure polyvinyl chloride in primary forms contracted remarkably to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 73% against the previous year. As a result, imports reached the peak of $X, and then reduced notably in the following year.

Imports by Country

Turkey (X tons), the United States (X tons) and Spain (X tons) were the main suppliers of imports of pure polyvinyl chloride in primary forms to Bulgaria, together comprising 55% of total imports. Hungary, France, South Korea, Ukraine, the Czech Republic, Germany and Belgium lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +318.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Spain ($X) and the United States ($X) constituted the largest pure polyvinyl chloride in primary forms suppliers to Bulgaria, together comprising 52% of total imports. Hungary, France, South Korea, Ukraine, the Czech Republic, Germany and Belgium lagged somewhat behind, together comprising a further 39%.

In terms of the main suppliers, France, with a CAGR of +240.1%, saw 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 pure polyvinyl chloride in primary forms amounted to $X per ton, growing by 2.3% against the previous year. Over the period under review, the import price continues to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 83% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and the Czech Republic ($X per ton), while the price for Turkey ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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