Bulgaria: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Bulgaria

The Bulgarian plastic ornamental articles market skyrocketed to $X in 2022, surging by 59% against the previous year. Overall, consumption posted a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Plastic Ornamental Articles Production in Bulgaria

In value terms, plastic ornamental articles production contracted significantly to $X in 2022 estimated in export price. In general, production saw a deep setback. The pace of growth was the most pronounced in 2013 when the production volume increased by 17% against the previous year. Plastic ornamental articles production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Plastic Ornamental Articles Exports

Exports from Bulgaria

In 2022, exports of statuettes and other ornamental articles of plastic from Bulgaria soared to X tons, increasing by 31% on the previous year. Overall, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.0% against 2017 indices. The pace of growth was the most pronounced in 2020 when exports increased by 42% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, plastic ornamental articles exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a abrupt curtailment. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons) was the main destination for plastic ornamental articles exports from Bulgaria, with a 37% share of total exports. Moreover, plastic ornamental articles exports to Romania exceeded the volume sent to the second major destination, Italy (X tons), threefold. Greece (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania amounted to +86.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+57.8% per year) and Greece (+39.2% per year).

In value terms, the largest markets for plastic ornamental articles exported from Bulgaria were Italy ($X), Romania ($X) and Greece ($X), with a combined 72% share of total exports. Serbia, France, Armenia and Turkey lagged somewhat behind, together accounting for a further 18%.

Armenia, with a CAGR of +134.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic ornamental articles export price stood at $X per ton in 2022, increasing by 119% against the previous year. Over the period under review, the export price, however, showed a abrupt slump. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Turkey ($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 (+4.0%), while the prices for the other major destinations experienced a decline.

Plastic Ornamental Articles Imports

Imports into Bulgaria

In 2022, purchases abroad of statuettes and other ornamental articles of plastic increased by 36% to X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic ornamental articles imports surged to $X in 2022. Over the period under review, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest plastic ornamental articles supplier to Bulgaria, accounting for a 62% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), ninefold. The third position in this ranking was taken by Germany (X tons), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+52.3% per year) and Germany (+11.4% per year).

In value terms, the largest plastic ornamental articles suppliers to Bulgaria were China ($X), Italy ($X) and Germany ($X), with a combined 65% share of total imports. Hungary, the Netherlands, Turkey, Poland, Greece and Slovakia lagged somewhat behind, together comprising a further 21%.

Slovakia, with a CAGR of +60.9%, saw the highest rates of growth with regard to 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

In 2022, the average plastic ornamental articles import price amounted to $X per ton, surging by 30% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. The growth pace was the most rapid in 2021 when the average import price increased by 41% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :