Bulgaria: Textile Rubber Hose Market 2024

Textile Rubber Hose Market Size in Bulgaria

For the fifth year in a row, the Bulgarian textile rubber hose market recorded growth in sales value, which increased by 1% to $X in 2021. Overall, consumption continues to indicate buoyant growth. Textile rubber hose consumption peaked in 2021 and is likely to continue growth in years to come.

Textile Rubber Hose Production in Bulgaria

In value terms, textile rubber hose production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production posted a prominent increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 49%. Over the period under review, production attained the maximum level at $X in 2020, and then fell in the following year.

Textile Rubber Hose Exports

Exports from Bulgaria

For the fifth year in a row, Bulgaria recorded decline in overseas shipments of rubber hose reinforced with textiles, which decreased by -36% to X tons in 2021. Over the period under review, exports showed a deep setback. The growth pace was the most rapid in 2014 with an increase of 80%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, textile rubber hose exports contracted significantly to $X in 2021. Overall, exports saw a deep setback. The growth pace was the most rapid in 2014 with an increase of 72% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for textile rubber hose exports from Bulgaria, with a 56% share of total exports. Moreover, textile rubber hose exports to Italy exceeded the volume sent to the second major destination, North Macedonia (X tons), twofold. The third position in this ranking was held by Serbia (X tons), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy amounted to -12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (-4.9% per year) and Serbia (-11.9% per year).

In value terms, Italy ($X), North Macedonia ($X) and the United States ($X) appeared to be the largest markets for textile rubber hose exported from Bulgaria worldwide, together comprising 67% of total exports.

The United States, with a CAGR of +72.4%, recorded the highest rates of growth with regard to the value of exports, among 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

The average textile rubber hose export price stood at $X per ton in 2021, rising by 24% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, textile rubber hose export price increased by +83.4% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 28%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($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 (+74.8%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Rubber Hose Imports

Imports into Bulgaria

In 2021, purchases abroad of rubber hose reinforced with textiles was finally on the rise to reach X tons after three years of decline. Overall, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +3.1% 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 2017 with an increase of 42% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, textile rubber hose imports surged to $X in 2021. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 37% against the previous year. As a result, imports reached the peak of $X; afterwards, it flattened through to 2021.

Imports by Country

Turkey (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of textile rubber hose imports to Bulgaria, with a combined 59% share of total imports. These countries were followed by the Czech Republic, Germany, Russia, Serbia, Belgium, China, Austria and Greece, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +58.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest textile rubber hose suppliers to Bulgaria were Turkey ($X), Poland ($X) and Germany ($X), with a combined 51% share of total imports.

Poland, with a CAGR of +41.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average textile rubber hose import price stood at $X per ton in 2021, surging by 21% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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