Bulgaria: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Bulgaria

The Bulgarian rubber tube and pipe market shrank rapidly to $X in 2021, with a decrease of -34.3% against the previous year. In general, consumption showed a abrupt setback. Rubber tube and pipe consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in Bulgaria

In value terms, rubber tube and pipe production dropped remarkably to $X in 2021 estimated in export price. Overall, production showed a sharp decrease. The pace of growth appeared the most rapid in 2014 when the production volume increased by 51% against the previous year. Rubber tube and pipe production peaked at $X in 2020, and then reduced remarkably in the following year.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Bulgaria

In 2021, shipments abroad of tubes, pipes and hoses of vulcanized rubber decreased by -10.9% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 38% against the previous year. The exports peaked at X tons in 2020, and then contracted in the following year.

In value terms, rubber tube and pipe exports expanded significantly to $X in 2021. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2014 with an increase of 64% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X tons), Spain (X tons) and Sweden (X tons) were the main destinations of rubber tube and pipe exports from Bulgaria, with a combined 55% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +219.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for tubes, pipes and hoses of vulcanized rubber exports from Bulgaria, comprising 34% of total exports. The second position in the ranking was taken by Spain ($X), with a 14% share of total exports. It was followed by Sweden, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +30.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+7.3% per year) and Sweden (+198.8% per year).

Export Prices by Country

The average rubber tube and pipe export price stood at $X per ton in 2021, jumping by 21% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Bulgaria

In 2021, rubber tube and pipe imports into Bulgaria skyrocketed to X tons, with an increase of 94% on the previous year's figure. Overall, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, rubber tube and pipe imports skyrocketed to $X in 2021. Over the period under review, imports recorded a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of rubber tube and pipe to Bulgaria, with a 56% share of total imports. Moreover, rubber tube and pipe imports from Turkey exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. The third position in this ranking was taken by Serbia (X tons), with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +43.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-0.8% per year) and Serbia (+131.7% per year).

In value terms, Turkey ($X) constituted the largest supplier of tubes, pipes and hoses of vulcanized rubber to Bulgaria, comprising 55% of total imports. The second position in the ranking was held by Serbia ($X), with a 16% share of total imports. It was followed by Spain, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +53.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+146.5% per year) and Spain (+1.4% per year).

Import Prices by Country

The average rubber tube and pipe import price stood at $X per ton in 2021, jumping by 18% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rubber tube and pipe import price increased by +69.2% against 2015 indices. The growth pace was the most rapid in 2016 an increase of 20% against the previous year. The import price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Serbia ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :