Bulgaria: Plastic Closure Market 2024

Plastic Closure Market Size in Bulgaria

The Bulgarian plastic closure market rose notably to $X in 2023, picking up by X% against the previous year. In general, the total consumption indicated slight growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the near future.

Plastic Closure Production in Bulgaria

In value terms, plastic closure production soared to $X in 2023 estimated in export price. Over the period under review, production saw a mild downturn. The pace of growth was the most pronounced in 2022 when the production volume increased by X% against the previous year. Plastic closure production peaked at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Plastic Closure Exports

Exports from Bulgaria

In 2023, plastic closure exports from Bulgaria totaled X tons, remaining relatively unchanged against 2022 figures. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, plastic closure exports surged to $X in 2023. In general, total exports indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

Exports by Country

Greece (X tons), Serbia (X tons) and Germany (X tons) were the main destinations of plastic closure exports from Bulgaria, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Serbia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Greece ($X), Germany ($X) and Serbia ($X) constituted the largest markets for plastic closure exported from Bulgaria worldwide, with a combined X% share of total exports.

Serbia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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

In 2023, the average plastic closure export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, plastic closure export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kosovo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Closure Imports

Imports into Bulgaria

In 2023, the amount of plastic stoppers, caps and closures imported into Bulgaria expanded sharply to X tons, surging by X% on the previous year. In general, total imports indicated buoyant growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the maximum in 2023 and are likely to continue growth in the near future.

In value terms, plastic closure imports skyrocketed to $X in 2023. Over the period under review, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked in 2023 and are likely to continue growth in years to come.

Imports by Country

Turkey (X tons), Germany (X tons) and Romania (X tons) were the main suppliers of plastic closure imports to Bulgaria, with a combined X% share of total imports. Italy, Poland, Greece, Serbia, France, Hungary, China, Austria, Slovenia and Slovakia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Slovakia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic closure suppliers to Bulgaria were Turkey ($X), Germany ($X) and Italy ($X), together comprising X% of total imports. Poland, Romania, China, Serbia, Hungary, France, Greece, Austria, Slovenia and Slovakia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Slovakia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic closure import price stood at $X per ton in 2023, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2023 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform