Bulgaria: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in Bulgaria

The Bulgarian non-reinforced rubber tubing market surged to $X in 2021, jumping by 489% against the previous year. Over the period under review, consumption saw a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Non-Reinforced Rubber Tubing Production in Bulgaria

In value terms, non-reinforced rubber tubing production reached $X in 2021 estimated in export price. In general, production showed a deep setback. The pace of growth was the most pronounced in 2013 when the production volume increased by 6.8% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Non-Reinforced Rubber Tubing Exports

Exports from Bulgaria

In 2021, after three years of decline, there was significant growth in shipments abroad of rubber tubing not reinforced, when their volume increased by 250% to X tons. In general, exports posted a modest expansion. The most prominent rate of growth was recorded in 2015 with an increase of 432%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-reinforced rubber tubing exports soared to $X in 2021. Over the period under review, exports posted moderate growth. The growth pace was the most rapid in 2015 when exports increased by 383%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for non-reinforced rubber tubing exports from Bulgaria, accounting for a 85% share of total exports. Moreover, non-reinforced rubber tubing exports to Spain exceeded the volume sent to the second major destination, Iran (X tons), more than tenfold. The third position in this ranking was taken by North Macedonia (X tons), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume to Spain stood at +47.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (0.0% per year) and North Macedonia (+7.5% per year).

In value terms, Spain ($X) remains the key foreign market for rubber tubing not reinforced exports from Bulgaria, comprising 65% of total exports. The second position in the ranking was held by Turkey ($X), with a 15% share of total exports. It was followed by Iran, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to +50.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+54.7% per year) and Iran (0.0% per year).

Export Prices by Country

In 2021, the average non-reinforced rubber tubing export price amounted to $X per ton, which is down by -45% against the previous year. Over the period under review, the export price, however, recorded temperate growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 25%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then reduced rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Spain ($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 Germany (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Reinforced Rubber Tubing Imports

Imports into Bulgaria

In 2021, overseas purchases of rubber tubing not reinforced increased by 337% to X tons, rising for the second consecutive year after two years of decline. In general, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-reinforced rubber tubing imports soared to $X in 2021. Overall, imports continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest non-reinforced rubber tubing supplier to Bulgaria, with a 82% share of total imports. Moreover, non-reinforced rubber tubing imports from Turkey exceeded the figures recorded by the second-largest supplier, Spain (X tons), sevenfold. Italy (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled +53.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+0.1% per year) and Italy (-14.3% per year).

In value terms, Turkey ($X) constituted the largest supplier of rubber tubing not reinforced to Bulgaria, comprising 87% of total imports. The second position in the ranking was taken by Spain ($X), with a 7.5% share of total imports. It was followed by Italy, with a 2% share.

From 2012 to 2021, the average annual growth rate of value from Turkey stood at +61.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-0.5% per year) and Italy (-11.0% per year).

Import Prices by Country

The average non-reinforced rubber tubing import price stood at $X per ton in 2021, picking up by 59% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; afterwards, it flattened through to 2021.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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