Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Bulgaria - 2023

Contents:

  1. Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Bulgaria (FOB) - 2023
  2. Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Bulgaria (CIF) - 2022
  3. Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in Bulgaria
  4. Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in Bulgaria

Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Bulgaria (FOB) - 2023

In October 2023, the average export price for wadding; other articles thereof, of man-made fibreses amounted to $16,087 per ton, standing approximately at the previous month. Over the period under review, export price indicated buoyant growth from October 2022 to October 2023: its price increased at an average monthly rate of +5.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for wadding; other articles thereof, of man-made fibreses decreased by +0.6% against August 2023 indices. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 36% month-to-month. As a result, the export price attained the peak level of $17,399 per ton. From March 2023 to October 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Iraq ($18,228 per ton), while the average price for exports to Bosnia and Herzegovina ($6,378 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Bulgaria (CIF) - 2022

The average import price for wadding; other articles thereof, of man-made fibreses stood at $7,850 per ton in 2022, increasing by 41% against the previous year. Over the period under review, the import price, however, saw a pronounced descent. The growth pace was the most rapid in 2016 when the average import price increased by 42%. The import price peaked at $14,203 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($11,586 per ton), while the price for the UK ($2,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in Bulgaria

In 2022, exports of wadding; other articles thereof, of man-made fibreses from Bulgaria skyrocketed to 7.4K tons, growing by 30% compared with 2021. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +18.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 32% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, exports of wadding; other articles thereof, of man-made fibreses soared to $61M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.7% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Wadding; Other Articles Thereof, of Man-Made Fibres in Bulgaria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lithuania5.710.67.010.221.4%
Iraq0.60.62.29.4150.2%
Turkey0.71.31.26.1105.8%
Ukraine1.70.83.35.648.8%
Russia3.53.12.13.93.7%
Poland3.43.63.73.1-3.0%
Italy1.82.53.13.018.6%
Belarus1.86.95.82.714.5%
Azerbaijan1.50.50.82.518.6%
Germany2.52.01.81.8-10.4%
Czech Republic0.40.60.41.451.8%
Bosnia and Herzegovina1.20.80.50.9-9.1%
Greece0.30.40.90.838.7%
Others8.88.99.09.83.7%
Total33.642.741.761.122.1%

Top Export Markets for Wadding; Other Articles Thereof, of Man-Made Fibres from Bulgaria in 2022:

  1. Lithuania (1269.0 tons)
  2. Iraq (1046.9 tons)
  3. Turkey (734.3 tons)
  4. Ukraine (674.7 tons)
  5. Russia (436.8 tons)
  6. Poland (426.8 tons)
  7. Belarus (361.2 tons)
  8. Italy (346.2 tons)
  9. Azerbaijan (229.6 tons)
  10. Germany (222.4 tons)
  11. Czech Republic (169.2 tons)
  12. Greece (151.4 tons)
  13. Bosnia and Herzegovina (146.9 tons)

Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in Bulgaria

For the fourth year in a row, Bulgaria recorded growth in supplies from abroad of wadding; other articles thereof, of man-made fibreses, which increased by 33% to 2.4K tons in 2022. Overall, imports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 218%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of wadding; other articles thereof, of man-made fibreses soared to $19M in 2022. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Wadding; Other Articles Thereof, of Man-Made Fibres in Bulgaria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hungary1.12.30.98.295.3%
Lithuania1.40.31.34.244.2%
Turkey0.72.74.93.571.0%
Romania0.10.71.10.9108.0%
Germany0.50.60.60.4-7.2%
GreeceN/AN/A0.10.3200.0%
Others0.71.21.11.116.3%
Total4.67.99.918.759.6%

Top Suppliers of Wadding; Other Articles Thereof, of Man-Made Fibres to Bulgaria in 2022:

  1. Hungary (926.1 tons)
  2. Turkey (785.4 tons)
  3. Lithuania (365.8 tons)
  4. Romania (106.4 tons)
  5. Greece (71.6 tons)
  6. Germany (52.3 tons)

Source: IndexBox Market Intelligence Platform

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