Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bulgaria - 2023
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bulgaria (CIF) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bulgaria (FOB) - 2022
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bulgaria
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bulgaria
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bulgaria (CIF) - 2022
In 2022, the average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $2,655 per ton, increasing by 8.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2018 when the average import price increased by 17%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($10,020 per ton), while the price for Turkey ($1,361 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bulgaria (FOB) - 2022
The average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $2,235 per ton in 2022, rising by 3.5% against the previous year. Overall, the export price showed a noticeable increase. The most prominent rate of growth was recorded in 2013 an increase of 55% against the previous year. Over the period under review, the average export prices attained the maximum at $4,048 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($6,579 per ton), while the average price for exports to Romania ($1,035 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 Turkey (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bulgaria
In 2022, approx. 15K tons of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) were imported into Bulgaria; approximately mirroring 2021 figures. The total import volume increased at an average annual rate of +8.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) expanded remarkably to $40M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 2.2 | 2.0 | 5.4 | 7.5 | 50.5% |
| Latvia | 4.1 | 4.2 | 4.3 | 6.3 | 15.4% |
| Austria | 3.7 | 3.3 | 3.6 | 4.9 | 9.8% |
| Czech Republic | 4.0 | 4.3 | 4.8 | 3.6 | -3.5% |
| United Kingdom | 0.1 | 0.1 | 2.4 | 2.2 | 180.2% |
| Romania | 0.9 | 0.7 | 1.4 | 2.0 | 30.5% |
| Belgium | 0.7 | 0.4 | 0.5 | 1.5 | 28.9% |
| North Macedonia | 0.6 | 0.8 | 1.2 | 1.4 | 32.6% |
| China | 0.9 | 0.8 | 1.2 | 1.4 | 15.9% |
| Poland | 0.7 | 0.9 | 1.0 | 1.2 | 19.7% |
| Italy | 1.0 | 1.0 | 1.6 | 0.9 | -3.5% |
| Slovenia | 0.9 | 0.8 | 1.0 | 0.9 | 0.0% |
| Moldova | 1.3 | 1.2 | 1.2 | 0.8 | -14.9% |
| Others | 4.6 | 5.8 | 7.6 | 5.5 | 6.1% |
| Total | 25.6 | 26.3 | 37.1 | 40.2 | 16.2% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Bulgaria in 2022:
- Turkey (5.5K tons)
- Latvia (2.2K tons)
- Czech Republic (1.9K tons)
- Romania (1.2K tons)
- Slovenia (0.6K tons)
- Austria (0.5K tons)
- Belgium (0.5K tons)
- Poland (0.4K tons)
- North Macedonia (0.4K tons)
- China (0.4K tons)
- Italy (0.3K tons)
- Moldova (0.3K tons)
- United Kingdom (0.3K tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bulgaria
For the fourth year in a row, Bulgaria recorded growth in overseas shipments of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics), which increased by 32% to 3.5K tons in 2022. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 161% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) skyrocketed to $7.8M in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 150% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 251 | 1,536 | 4,707 | 6,168 | 190.7% |
| Romania | 254 | 378 | 252 | 356 | 11.9% |
| Italy | 178 | 185 | 234 | 134 | -9.0% |
| North Macedonia | 116 | 82.1 | 78.2 | 117 | 0.3% |
| Others | 239 | 415 | 474 | 1,055 | 64.0% |
| Total | 1,039 | 2,596 | 5,745 | 7,830 | 96.1% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Bulgaria in 2022:
- Greece (2897.5 tons)
- Romania (343.7 tons)
- North Macedonia (66.8 tons)
- Italy (51.3 tons)
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