Bulgaria: Plastic Supports Market 2024

Plastic Supports Market Size in Bulgaria

The Bulgarian plastic supports market skyrocketed to $X in 2022, picking up by 57% against the previous year. In general, consumption posted a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Plastic Supports Production in Bulgaria

In value terms, plastic supports production surged to $X in 2022 estimated in export price. Overall, production recorded a significant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 209% against the previous year. Over the period under review, production attained the peak level in 2022 and is expected to retain growth in years to come.

Plastic Supports Exports

Exports from Bulgaria

In 2022, shipments abroad of spools, cops, bobbins and similar supports of plastics decreased by -3.5% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2019 when exports increased by 89% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, plastic supports exports soared to $X in 2022. Overall, exports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2019 with an increase of 114%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for plastic supports exports from Bulgaria, accounting for a 72% share of total exports. Moreover, plastic supports exports to Turkey exceeded the volume sent to the second major destination, France (X tons), sixfold. Italy (X tons) ranked third in terms of total exports with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey totaled +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+62.4% per year) and Italy (-4.2% per year).

In value terms, Turkey ($X) remains the key foreign market for spools, cops, bobbins and similar supports of plastics exports from Bulgaria, comprising 54% of total exports. The second position in the ranking was taken by France ($X), with a 26% share of total exports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+59.5% per year) and Italy (+0.2% per year).

Export Prices by Country

The average plastic supports export price stood at $X per ton in 2022, rising by 22% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Slovakia ($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 Greece (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Supports Imports

Imports into Bulgaria

After two years of growth, supplies from abroad of spools, cops, bobbins and similar supports of plastics decreased by -7.2% to X tons in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, plastic supports imports reduced to $X in 2022. Overall, imports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 53%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest plastic supports supplier to Bulgaria, accounting for a 46% share of total imports. Moreover, plastic supports imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 20% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-7.5% per year) and Germany (+8.2% per year).

In value terms, the largest plastic supports suppliers to Bulgaria were Italy ($X), Turkey ($X) and Germany ($X), with a combined 87% share of total imports. Romania, France and Greece lagged somewhat behind, together comprising a further 8.6%.

France, with a CAGR of +87.5%, recorded 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 plastic supports import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, saw a noticeable downturn. The growth pace was the most rapid in 2014 an increase of 29% 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 France ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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