Bulgaria: Market for PVC Floor, Wall and Ceiling Coverings 2024

Market Size for PVC Floor, Wall and Ceiling Coverings in Bulgaria

The Bulgarian market for PVC floor, wall and ceiling coverings rose notably to $X in 2022, with an increase of 6.2% against the previous year. In general, consumption enjoyed resilient growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of PVC Floor, Wall and Ceiling Coverings in Bulgaria

In value terms, production of PVC floor, wall and ceiling coverings amounted to $X in 2022 estimated in export price. In general, production, however, faced a deep setback. The growth pace was the most rapid in 2017 with an increase of 7.1%. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of PVC Floor, Wall and Ceiling Coverings

Exports from Bulgaria

In 2022, exports of PVC floor, wall and ceiling coverings from Bulgaria soared to X square meters, jumping by 255% on the previous year. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of PVC floor, wall and ceiling coverings soared to $X in 2022. Over the period under review, exports posted a strong increase. The pace of growth appeared the most rapid in 2013 when exports increased by 223% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Libya (X square meters) was the main destination for exports of PVC floor, wall and ceiling coverings from Bulgaria, accounting for a 52% share of total exports. Moreover, exports of PVC floor, wall and ceiling coverings to Libya exceeded the volume sent to the second major destination, Iran (X square meters), threefold. The third position in this ranking was taken by Greece (X square meters), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Libya amounted to +61.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+26.1% per year) and Greece (+30.9% per year).

In value terms, Libya ($X) emerged as the key foreign market for PVC floor, wall and ceiling coverings exports from Bulgaria, comprising 44% of total exports. The second position in the ranking was taken by Turkey ($X), with a 19% share of total exports. It was followed by Greece, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Libya amounted to +62.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+92.4% per year) and Greece (+24.3% per year).

Export Prices by Country

The average export price for PVC floor, wall and ceiling coverings stood at $X per square meter in 2022, reducing by -18.2% against the previous year. Overall, the export price recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 an increase of 54%. The export price peaked at $X per square meter in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of PVC Floor, Wall and Ceiling Coverings

Imports into Bulgaria

Imports of PVC floor, wall and ceiling coverings into Bulgaria rose remarkably to X square meters in 2022, growing by 11% against 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.6% against 2017 indices. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, imports of PVC floor, wall and ceiling coverings surged to $X in 2022. Overall, imports posted a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 44% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

Serbia (X square meters), China (X square meters) and Turkey (X square meters) were the main suppliers of imports of PVC floor, wall and ceiling coverings to Bulgaria, with a combined 58% share of total imports. Belgium, Germany, the Netherlands, Slovenia, India, Russia and France lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +59.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Belgium ($X) and Turkey ($X) constituted the largest PVC floor, wall and ceiling coverings suppliers to Bulgaria, together comprising 54% of total imports. China, the Netherlands, Germany, Slovenia, France, Russia and India lagged somewhat behind, together accounting for a further 34%.

In terms of the main suppliers, Russia, with a CAGR of +101.7%, 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

In 2022, the average import price for PVC floor, wall and ceiling coverings amounted to $X per square meter, growing by 6.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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 the Netherlands ($X per square meter), while the price for India ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+26.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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