Bulgaria: Plastic Support Market 2024

Plastic Support Market Size in Bulgaria

The Bulgarian plastic support market fell notably to $X in 2022, waning by -95.6% against the previous year. In general, consumption continues to indicate a dramatic curtailment. Plastic support consumption peaked at $X in 2021, and then contracted dramatically in the following year.

Plastic Support Production in Bulgaria

In value terms, plastic support production surged to $X in 2022 estimated in export price. Overall, production showed a deep contraction. The growth pace was the most rapid in 2019 when the production volume increased by 209% against the previous year. Plastic support production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Plastic Support Exports

Exports from Bulgaria

In 2022, approx. X tons of spools, cops and similar supports of plastics were exported from Bulgaria; dropping by -14.8% on 2021. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 27% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell in the following year.

In value terms, plastic support exports reached $X in 2022. The total export value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 24%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Greece (X tons) was the main destination for plastic support exports from Bulgaria, with a 25% share of total exports. Moreover, plastic support exports to Greece exceeded the volume sent to the second major destination, Serbia (X tons), twofold. Romania (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece totaled +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+26.2% per year) and Romania (-3.5% per year).

In value terms, the largest markets for plastic support exported from Bulgaria were Greece ($X), Serbia ($X) and Romania ($X), together comprising 33% of total exports.

In terms of the main countries of destination, Serbia, with a CAGR of +27.1%, 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

In 2022, the average plastic support export price amounted to $X per ton, jumping by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Greece ($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 France (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Support Imports

Imports into Bulgaria

Plastic support imports into Bulgaria skyrocketed to X tons in 2022, rising by 16% compared with 2021. In general, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% 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 +83.6% against 2015 indices. The pace of growth was the most pronounced in 2013 with an increase of 37%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic support imports expanded sharply to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +104.8% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 18%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Turkey (X tons), Germany (X tons) and Romania (X tons) were the main suppliers of plastic support imports to Bulgaria, together accounting for 55% of total imports. Italy, Poland, Serbia, Greece, France, Hungary, China and Austria lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +21.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Germany ($X) and Poland ($X) were the largest plastic support suppliers to Bulgaria, with a combined 45% share of total imports. Romania, Italy, China, Serbia, Greece, Hungary, France and Austria lagged somewhat behind, together comprising a further 41%.

Romania, with a CAGR of +23.1%, recorded the highest rates of growth with regard to the value of imports, among 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 plastic support import price stood at $X per ton in 2022, reducing by -3.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 41% against the previous year. The import price peaked at $X per ton in 2021, and then shrank slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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