Bulgaria: Market for Rigid Tubes, Pipes and Hoses, of Other Polymers 2024

Market Size for Rigid Tubes, Pipes and Hoses, of Other Polymers in Bulgaria

The Bulgarian market for rigid tubes, pipes and hoses, of other polymers was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption recorded a notable expansion. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses, of Other Polymers in Bulgaria

In value terms, production of rigid tubes, pipes and hoses, of other polymers dropped significantly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 487% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Exports from Bulgaria

In 2022, after five years of growth, there was significant decline in shipments abroad of rigid tubes, pipes and hoses, of other polymers, when their volume decreased by -42.5% to X tons. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2013 when exports increased by 661% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2021, and then fell rapidly in the following year.

In value terms, exports of rigid tubes, pipes and hoses, of other polymers fell to $X in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,111% against the previous year. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Germany (X tons) was the main destination for exports of rigid tubes, pipes and hoses, of other polymers from Bulgaria, with a 35% share of total exports. Moreover, exports of rigid tubes, pipes and hoses, of other polymers to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold. Turkey (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +69.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+131.3% per year) and Turkey (+53.6% per year).

In value terms, Germany ($X), the Czech Republic ($X) and Hungary ($X) were the largest markets for rigid tubes, pipes and hoses, of other polymers exported from Bulgaria worldwide, with a combined 84% share of total exports. Turkey, the United States, France, Greece, Romania and Albania lagged somewhat behind, together comprising a further 5.4%.

In terms of the main countries of destination, the United States, with a CAGR of +168.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for rigid tubes, pipes and hoses, of other polymers amounted to $X per ton, jumping by 65% against the previous year. Overall, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 284%. 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 the Czech Republic ($X per ton), while the average price for exports to Greece ($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 Hungary (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Imports into Bulgaria

In 2022, imports of rigid tubes, pipes and hoses, of other polymers into Bulgaria skyrocketed to X tons, growing by 292% compared with the year before. Overall, imports continue to indicate a resilient expansion. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, imports of rigid tubes, pipes and hoses, of other polymers soared to $X in 2022. Over the period under review, imports showed resilient growth. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Romania (X tons) constituted the largest rigid tubes, pipes and hoses, of other polymers supplier to Bulgaria, accounting for a 66% share of total imports. Moreover, imports of rigid tubes, pipes and hoses, of other polymers from Romania exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by North Macedonia (X tons), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Romania stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+10.7% per year) and North Macedonia (+9.3% per year).

In value terms, Romania ($X) constituted the largest supplier of rigid tubes, pipes and hoses, of other polymers to Bulgaria, comprising 54% of total imports. The second position in the ranking was taken by Turkey ($X), with a 15% share of total imports. It was followed by Poland, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Romania totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+12.6% per year) and Poland (+31.8% per year).

Import Prices by Country

In 2022, the average import price for rigid tubes, pipes and hoses, of other polymers amounted to $X per ton, declining by -22.6% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 53% against the previous year. The import price peaked at $X per ton in 2021, and then dropped rapidly in the following year.

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 Poland ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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