Bulgaria: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Bulgaria

The Bulgarian porous-tipped pen market shrank to $X in 2021, standing approx. at the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Porous-Tipped Pen Production in Bulgaria

In value terms, porous-tipped pen production reduced slightly to $X in 2021 estimated in export price. In general, production, however, saw a perceptible reduction. The growth pace was the most rapid in 2013 when the production volume increased by 28%. Porous-tipped pen production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Porous-Tipped Pen Exports

Exports from Bulgaria

In 2021, overseas shipments of porous-tipped pens and markers decreased by -4.1% to X units, falling for the eighth consecutive year after two years of growth. Overall, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2013 with an increase of 14%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, porous-tipped pen exports rose remarkably to $X in 2021. Over the period under review, exports saw a abrupt setback. The growth pace was the most rapid in 2013 with an increase of 21% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X units) was the main destination for porous-tipped pen exports from Bulgaria, accounting for a 56% share of total exports. Moreover, porous-tipped pen exports to the Czech Republic exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was taken by Romania (X units), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic stood at -10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.0% per year) and Romania (-2.5% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for porous-tipped pens and markers exports from Bulgaria, comprising 53% of total exports. The second position in the ranking was held by Germany ($X), with a 20% share of total exports. It was followed by Romania, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic amounted to -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.9% per year) and Romania (-0.2% per year).

Export Prices by Country

The average porous-tipped pen export price stood at $X per unit in 2021, surging by 9.7% against the previous year. Over the last nine years, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2018 an increase of 16%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Porous-Tipped Pen Imports

Imports into Bulgaria

In 2021, overseas purchases of porous-tipped pens and markers increased by 12% to X units, rising for the fifth year in a row after two years of decline. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +51.2% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 33% against the previous year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, porous-tipped pen imports skyrocketed to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 58% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of porous-tipped pen to Bulgaria, accounting for a 41% share of total imports. Moreover, porous-tipped pen imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Greece (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.9% per year) and Greece (+34.2% per year).

In value terms, the largest porous-tipped pen suppliers to Bulgaria were Germany ($X), China ($X) and France ($X), together comprising 62% of total imports. These countries were followed by Turkey, Romania, the Netherlands, Greece, Italy, the Czech Republic, Spain and Vietnam, which together accounted for a further 29%.

In terms of the main suppliers, Vietnam, with a CAGR of +72.0%, saw the highest growth rate of 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

The average porous-tipped pen import price stood at $X per unit in 2021, picking up by 25% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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 the Netherlands ($X per unit), while the price for Greece ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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