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

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

In 2022, the Bulgarian market for rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 13% to $X, rising for the sixth consecutive year after two years of decline. Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +111.3% against 2016 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Bulgaria

In value terms, vinyl chloride polymer rigid pipes production reduced to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2019 with an increase of 22%. Vinyl chloride polymer rigid pipes production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Bulgaria

Vinyl chloride polymer rigid pipes exports from Bulgaria declined sharply to X tons in 2022, which is down by -18.6% on the previous year. Overall, exports recorded a deep slump. The pace of growth was the most pronounced in 2013 with an increase of 159% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, vinyl chloride polymer rigid pipes exports dropped markedly to $X in 2022. Over the period under review, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 228% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Croatia (X tons), Serbia (X tons) and Romania (X tons) were the main destinations of vinyl chloride polymer rigid pipes exports from Bulgaria, together accounting for 61% of total exports. Spain, North Macedonia, Portugal, Brazil, Slovenia, Greece and Moldova lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +37.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vinyl chloride polymer rigid pipes exported from Bulgaria were Serbia ($X), Spain ($X) and Croatia ($X), with a combined 54% share of total exports.

Spain, with a CAGR of +44.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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 polymers of vinyl chloride amounted to $X per ton, with a decrease of -7.8% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes export price increased by +50.8% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 32%. The export price peaked at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Croatia ($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 Greece (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Bulgaria

In 2022, the amount of rigid tubes, pipes and hoses of polymers of vinyl chloride imported into Bulgaria soared to X tons, rising by 43% against 2021 figures. In general, imports posted a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 71%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, vinyl chloride polymer rigid pipes imports reached $X in 2022. Overall, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 97%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Greece (X tons), Serbia (X tons) and Turkey (X tons) were the main suppliers of vinyl chloride polymer rigid pipes imports to Bulgaria, together accounting for 70% of total imports.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +37.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Romania ($X) and Turkey ($X) constituted the largest vinyl chloride polymer rigid pipes suppliers to Bulgaria, with a combined 71% share of total imports.

In terms of the main suppliers, Romania, with a CAGR of +39.6%, 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 rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, with a decrease of -23.5% against the previous year. Overall, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in 2020 an increase of 40%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Germany ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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