Bulgaria: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2025

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Bulgaria

The Bulgarian market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles soared to $X in 2021, with an increase of 34% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a prominent increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports from Bulgaria

In 2021, shipments abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles decreased by 0% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of 510%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles totaled $X in 2021. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 365%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

North Macedonia (X tons) was the main destination for exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Bulgaria, accounting for a 73% share of total exports. Moreover, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to North Macedonia exceeded the volume sent to the second major destination, Turkey (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to North Macedonia stood at +32.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+32.2% per year) and the UK (+17.4% per year).

In value terms, North Macedonia ($X), Turkey ($X) and the UK ($X) appeared to be the largest markets for glass fibre filament, roving, and staple glass fibre article exported from Bulgaria worldwide, with a combined 99.9% share of total exports.

In terms of the main countries of destination, North Macedonia, with a CAGR of +29.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles stood at $X per ton in 2021, stabilizing at the previous year. In general, the export price recorded a pronounced slump. The growth pace was the most rapid in 2019 an increase of 23%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to North Macedonia ($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 Italy (+6.0%), while the prices for the other major destinations experienced a decline.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports into Bulgaria

In 2021, purchases abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports saw a prominent expansion. The growth pace was the most rapid in 2013 when imports increased by 105%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2021. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 66% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Slovakia (X tons) constituted the largest supplier of glass fibre filament, roving, and staple glass fibre article to Bulgaria, accounting for a 44% share of total imports. Moreover, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Slovakia exceeded the figures recorded by the second-largest supplier, Hungary (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Slovakia amounted to +104.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+22.1% per year) and Belgium (+1.2% per year).

In value terms, the largest glass fibre filament, roving, and staple glass fibre article suppliers to Bulgaria were Hungary ($X), Slovakia ($X) and Italy ($X), together comprising 62% of total imports.

In terms of the main suppliers, Slovakia, with a CAGR of +101.0%, recorded the highest growth rate of 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

In 2021, the average import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, jumping by 15% against the previous year. Over the period under review, the import price, however, showed a noticeable setback. The growth pace was the most rapid in 2014 when the average import price increased by 72%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average 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 Italy ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :