Bulgaria: Paper Bag Market 2024

Paper Bag Market Size in Bulgaria

In 2021, the Bulgarian paper bag market increased by 8.9% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the near future.

Paper Bag Production in Bulgaria

In value terms, paper bag production rose rapidly to $X in 2021 estimated in export price. The total output 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 was the most pronounced in 2014 when the production volume increased by 23% against the previous year. Paper bag production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Paper Bag Exports

Exports from Bulgaria

In 2021, exports of sacks and bags of paper from Bulgaria reached X tons, picking up by 10% compared with 2020 figures. Overall, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +8.2% 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 2013 with an increase of 25% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, paper bag exports rose remarkably to $X in 2021. Over the period under review, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 23%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Greece (X tons) was the main destination for paper bag exports from Bulgaria, accounting for a 26% share of total exports. Moreover, paper bag exports to Greece exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was held by North Macedonia (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece stood at +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+22.6% per year) and North Macedonia (+4.0% per year).

In value terms, the largest markets for paper bag exported from Bulgaria were Greece ($X), Germany ($X) and France ($X), together comprising 43% of total exports. These countries were followed by Romania, Italy, Belgium, North Macedonia, the Netherlands, Azerbaijan, Sweden, Albania, Serbia and Cyprus, which together accounted for a further 33%.

Azerbaijan, with a CAGR of +88.3%, recorded the highest growth rate of 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

In 2021, the average paper bag export price amounted to $X per ton, with an increase of 3.2% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2018 when the average export price increased by 12%. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to North Macedonia ($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 the Netherlands (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Bag Imports

Imports into Bulgaria

In 2021, the amount of sacks and bags of paper imported into Bulgaria skyrocketed to X tons, with an increase of 20% against the previous year. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +46.6% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 29% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, paper bag imports surged to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.2% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), Romania (X tons) and Greece (X tons) were the main suppliers of paper bag imports to Bulgaria, with a combined 57% share of total imports. These countries were followed by Italy, Germany, Hungary, Poland, the Netherlands, Serbia, China and Austria, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +21.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Romania ($X) and Italy ($X) were the largest paper bag suppliers to Bulgaria, together accounting for 51% of total imports. These countries were followed by Germany, Greece, Hungary, China, Poland, Austria, Serbia and the Netherlands, which together accounted for a further 40%.

China, with a CAGR of +27.6%, saw the highest growth rate of 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 paper bag import price stood at $X per ton in 2021, growing by 3.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 9.4% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; afterwards, it flattened through to 2021.

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 China ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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