Bulgaria: Printing Components Market 2024

Printing Components Market Size in Bulgaria

After two years of growth, the Bulgarian printing components market decreased by -10.1% to $X in 2022. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Printing components consumption peaked at $X in 2021, and then fell in the following year.

Printing Components Production in Bulgaria

In value terms, printing components production declined modestly to $X in 2022 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 57% against the previous year. Over the period under review, production reached the maximum level at $X in 2021, and then contracted slightly in the following year.

Printing Components Exports

Exports from Bulgaria

In 2022, shipments abroad of printing components was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a noticeable expansion. The pace of growth appeared the most rapid in 2017 with an increase of 177% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, printing components exports soared to $X in 2022. In general, exports posted a slight increase. The pace of growth was the most pronounced in 2014 with an increase of 227% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for printing components exports from Bulgaria, with a 87% share of total exports. Moreover, printing components exports to Turkey exceeded the volume sent to the second major destination, Iran (X tons), tenfold. The third position in this ranking was held by Greece (X kg), with a 0.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey amounted to +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+120.4% per year) and Greece (-5.3% per year).

In value terms, Iran ($X) emerged as the key foreign market for printing components exports from Bulgaria, comprising 54% of total exports. The second position in the ranking was taken by Turkey ($X), with a 21% share of total exports. It was followed by Armenia, with a 1.2% share.

From 2012 to 2022, the average annual growth rate of value to Iran stood at +174.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+12.4% per year) and Armenia (-42.3% per year).

Export Prices by Country

In 2022, the average printing components export price amounted to $X per ton, rising by 22% against the previous year. In general, the export price, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2013 an increase of 163% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Turkey ($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 Iran (+24.4%), while the prices for the other major destinations experienced mixed trend patterns.

Printing Components Imports

Imports into Bulgaria

In 2022, imports of printing components into Bulgaria declined rapidly to X tons, reducing by -24.3% compared with the previous year's figure. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.7% 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 -27.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 33%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, printing components imports contracted remarkably to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 40%. As a result, imports attained the peak of $X, and then fell rapidly in the following year.

Imports by Country

Taiwan (Chinese) (X tons), Turkey (X tons) and China (X tons) were the main suppliers of printing components imports to Bulgaria, together comprising 76% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +121.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest printing components suppliers to Bulgaria were Taiwan (Chinese) ($X), Turkey ($X) and Germany ($X), together comprising 50% of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +81.4%, 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 printing components import price amounted to $X per ton, which is down by -20.5% against the previous year. Overall, the import price showed a perceptible descent. The growth pace was the most rapid in 2016 an increase of 29%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+28.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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