Bulgaria: Market for Prefabricated Buildings Of Plastics, Concrete Or Aluminium 2024

Market Size for Prefabricated Buildings Of Plastics, Concrete Or Aluminium in Bulgaria

In 2021, after two years of decline, there was growth in the Bulgarian market for prefabricated buildings of plastics, concrete or aluminium, when its value increased by 4.5% to $X. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Prefabricated Buildings Of Plastics, Concrete Or Aluminium in Bulgaria

In value terms, production of prefabricated buildings of plastics, concrete or aluminium stood at $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

Exports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Exports from Bulgaria

Exports of prefabricated buildings of plastics, concrete or aluminium from Bulgaria skyrocketed to X tons in 2021, with an increase of 34% compared with the previous year. Overall, total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +51.1% against 2018 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 39%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, exports of prefabricated buildings of plastics, concrete or aluminium soared to $X in 2021. Over the period under review, exports saw prominent growth. The growth pace was the most rapid in 2019 when exports increased by 37% against the previous year. Over the period under review, the exports of reached the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Austria (X tons), the Netherlands (X tons) and Romania (X tons) were the main destinations of exports of prefabricated buildings of plastics, concrete or aluminium from Bulgaria, with a combined 28% share of total exports. North Macedonia, Greece, Iran, Germany, Belgium, Albania, Norway, Switzerland, Australia and Montenegro lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +110.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) remains the key foreign market for prefabricated buildings of plastics, concrete or aluminium exports from Bulgaria, comprising 30% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total exports. It was followed by Greece, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Romania totaled +37.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+30.9% per year) and Greece (+22.3% per year).

Export Prices by Country

The average export price for prefabricated buildings of plastics, concrete or aluminium stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for prefabricated buildings of plastics, concrete or aluminium increased by +75.1% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices hit record highs in 2021 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 Romania ($X per ton), while the average price for exports to Albania ($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 Iran (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Imports into Bulgaria

In 2021, approx. X tons of prefabricated buildings of plastics, concrete or aluminium were imported into Bulgaria; increasing by 17% on the previous year. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 39% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, imports of prefabricated buildings of plastics, concrete or aluminium skyrocketed to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 35% against the previous year. Over the period under review, imports of reached the maximum in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of prefabricated buildings of plastics, concrete or aluminium to Bulgaria, with a 34% share of total imports. Moreover, imports of prefabricated buildings of plastics, concrete or aluminium from Turkey exceeded the figures recorded by the second-largest supplier, Romania (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +33.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+8.7% per year) and Italy (+10.4% per year).

In value terms, Turkey ($X), Romania ($X) and Italy ($X) were the largest prefabricated buildings of plastics, concrete or aluminium suppliers to Bulgaria, together comprising 54% of total imports. These countries were followed by Poland, the United States, China, Belgium, Croatia, Germany, Greece and Spain, which together accounted for a further 38%.

In terms of the main suppliers, Croatia, with a CAGR of +44.2%, 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

The average import price for prefabricated buildings of plastics, concrete or aluminium stood at $X per ton in 2021, with an increase of 13% against the previous year. Over the period under review, the import price, however, showed a slight shrinkage. The pace of growth was the most pronounced in 2017 an increase of 15%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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