Bulgaria: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Bulgaria

After six years of growth, the Bulgarian vulcanised cellular rubber articles market decreased by -0.4% to $X in 2021. Over the period under review, consumption, however, posted a buoyant expansion. Vulcanised cellular rubber articles consumption peaked at $X in 2020, and then dropped slightly in the following year.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in Bulgaria

In value terms, vulcanised cellular rubber articles production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a strong increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 33%. Vulcanised cellular rubber articles production peaked in 2021 and is likely to see steady growth in years to come.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports from Bulgaria

In 2021, the amount of vulcanised cellular rubber articles for technical uses exported from Bulgaria soared to X tons, with an increase of 20% on 2020. In general, exports, however, continue to indicate a mild curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, vulcanised cellular rubber articles exports surged to $X in 2021. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for vulcanised cellular rubber articles exports from Bulgaria, accounting for a 90% share of total exports. Moreover, vulcanised cellular rubber articles exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Italy amounted to -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.5% per year) and Spain (-9.6% per year).

In value terms, Italy ($X) remains the key foreign market for vulcanised cellular rubber articles for technical uses exports from Bulgaria, comprising 90% of total exports. The second position in the ranking was taken by Germany ($X), with a 1.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy totaled +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+2.0% per year) and Spain (-8.6% per year).

Export Prices by Country

In 2021, the average vulcanised cellular rubber articles export price amounted to $X per ton, picking up by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.9%. The pace of growth appeared the most rapid in 2013 an increase of 26% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Spain ($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 Germany (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports into Bulgaria

In 2021, the amount of vulcanised cellular rubber articles for technical uses imported into Bulgaria surged to X tons, with an increase of 45% compared with 2020. In general, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by 63% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, vulcanised cellular rubber articles imports skyrocketed to $X in 2021. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 111% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Greece (X tons) constituted the largest vulcanised cellular rubber articles supplier to Bulgaria, with a 51% share of total imports. Moreover, vulcanised cellular rubber articles imports from Greece exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Greece amounted to +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+13.7% per year) and Italy (+4.8% per year).

In value terms, Greece ($X) constituted the largest supplier of vulcanised cellular rubber articles for technical uses to Bulgaria, comprising 47% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by Germany, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value from Greece stood at +26.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.3% per year) and Germany (+9.9% per year).

Import Prices by Country

The average vulcanised cellular rubber articles import price stood at $X per ton in 2021, surging by 23% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 29%. The import price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :