Bulgaria: Stamping Foil Market 2024

Stamping Foil Market Size in Bulgaria

After two years of growth, the Bulgarian stamping foil market decreased by X% to $X in 2022. Overall, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Stamping Foil Exports

Exports from Bulgaria

In 2022, approx. X tons of stamping foils were exported from Bulgaria; waning by X% on the previous year. Over the period under review, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then declined dramatically in the following year.

In value terms, stamping foil exports fell markedly to $X in 2022. In general, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then dropped sharply in the following year.

Exports by Country

Greece (X tons) was the main destination for stamping foil exports from Bulgaria, with a X% share of total exports. Moreover, stamping foil exports to Greece exceeded the volume sent to the second major destination, North Macedonia (X tons), more than tenfold. Serbia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Greece stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Serbia (X% per year).

In value terms, Greece ($X) remains the key foreign market for stamping foils exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a X% share of total exports. It was followed by Serbia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Greece totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Serbia (X% per year).

Export Prices by Country

In 2022, the average stamping foil export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Romania ($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 Austria (X%), while the prices for the other major destinations experienced a decline.

Stamping Foil Imports

Imports into Bulgaria

In 2022, after two years of growth, there was significant decline in purchases abroad of stamping foils, when their volume decreased by X% to X tons. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2019 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, stamping foil imports declined to $X in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

Hungary (X tons), Taiwan (Chinese) (X tons) and Poland (X tons) were the main suppliers of stamping foil imports to Bulgaria, with a combined X% share of total imports. Romania, China, Germany and Italy lagged somewhat behind, together comprising a further X%.

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

In value terms, Hungary ($X), Poland ($X) and Italy ($X) constituted the largest stamping foil suppliers to Bulgaria, with a combined X% share of total imports.

Poland, with a CAGR of X%, recorded the highest growth rate of 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 stamping foil import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Italy ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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