Bulgaria: Container Market 2024

Container Market Size in Bulgaria

The Bulgarian container market soared to $X in 2022, jumping by 1,026% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Container Production in Bulgaria

In value terms, container production surged to $X in 2022 estimated in export price. In general, production saw a resilient expansion. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Container Exports

Exports from Bulgaria

After three years of growth, shipments abroad of tanks, casks, drums, cans, boxes and similar containers decreased by -8% to X units in 2022. The total export volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2014 when exports increased by 18% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, container exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +63.8% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Romania (X units), Greece (X units) and Serbia (X units) were the main destinations of container exports from Bulgaria, together accounting for 52% of total exports. Poland, Germany, Italy, Slovenia, Hungary and Turkey lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +14.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for container exported from Bulgaria were Romania ($X), Greece ($X) and Serbia ($X), with a combined 49% share of total exports. Germany, Poland, Italy, Slovenia, Turkey and Hungary lagged somewhat behind, together comprising a further 34%.

Italy, with a CAGR of +14.6%, saw the highest rates of growth with regard to 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 container export price stood at $X per unit in 2022, growing by 27% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Container Imports

Imports into Bulgaria

In 2022, approx. X units of tanks, casks, drums, cans, boxes and similar containers were imported into Bulgaria; with a decrease of -12.4% on the previous year's figure. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year. As a result, imports attained the peak of X units, and then contracted in the following year.

In value terms, container imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +3.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Serbia (X units), Turkey (X units) and Romania (X units) were the main suppliers of container imports to Bulgaria, together comprising 68% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +13.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest container suppliers to Bulgaria were Romania ($X), Turkey ($X) and Serbia ($X), together accounting for 64% of total imports.

Serbia, with a CAGR of +12.3%, saw 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 container import price stood at $X per unit in 2022, with an increase of 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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