Bulgaria: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Bulgaria

In 2022, the Bulgarian market for self-adhesive plastic tape in rolls of a width under 20cm increased by 29% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +60.9% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Bulgaria

In value terms, production of self-adhesive plastic tape in rolls of a width under 20cm surged to $X in 2022 estimated in export price. Overall, production posted a significant expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Bulgaria

In 2022, shipments abroad of self-adhesive plastic tape in rolls of a width under 20cm decreased by -0.2% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 139%. As a result, the exports reached the peak of X tons, leveling off in the following year.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm fell slightly to $X in 2022. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 189%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Turkey (X tons), France (X tons) and Germany (X tons) were the main destinations of exports of self-adhesive plastic tape in rolls of a width under 20cm from Bulgaria, together comprising 65% of total exports. Belgium, Greece, North Macedonia, Bosnia and Herzegovina, Belarus, Romania, Austria, Georgia and Serbia lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +266.0%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the key foreign market for self-adhesive plastic tape in rolls of a width under 20cm exports from Bulgaria, comprising 38% of total exports. The second position in the ranking was held by France ($X), with a 19% share of total exports. It was followed by Belarus, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to +46.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+51.3% per year) and Belarus (+152.6% per year).

Export Prices by Country

In 2022, the average export price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, shrinking by -1.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2014 an increase of 35% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Serbia (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Bulgaria

In 2022, approx. X tons of self-adhesive plastic tape in rolls of a width under 20cm were imported into Bulgaria; declining by -5.4% compared with 2021 figures. Overall, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 56% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm shrank modestly to $X in 2022. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. As a result, imports reached the peak of $X, and then dropped slightly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to Bulgaria, with a 36% share of total imports. Moreover, imports of self-adhesive plastic tape in rolls of a width under 20cm from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +19.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.1% per year) and Turkey (-0.9% per year).

In value terms, Germany ($X) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to Bulgaria, comprising 33% of total imports. The second position in the ranking was held by Turkey ($X), with an 11% share of total imports. It was followed by China, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+2.6% per year) and China (+9.5% per year).

Import Prices by Country

The average import price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, rising by 2.2% against the previous year. Over the period under review, the import price, however, saw a mild reduction. The growth pace was the most rapid in 2014 when the average import price increased by 48% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Romania ($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 (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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