Bulgaria - Plastic Sacks And Bags - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Bag Price in Bulgaria - 2023
Contents:
- Plastic Bag Price in Bulgaria (FOB) - 2023
- Plastic Bag Price in Bulgaria (CIF) - 2023
- Plastic Bag Exports in Bulgaria
- Plastic Bag Imports in Bulgaria
Plastic Bag Price in Bulgaria (FOB) - 2023
In August 2023, the average plastic bag export price amounted to $2,079 per ton, shrinking by -7% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 9.8% m-o-m. Over the period under review, the average export prices attained the maximum at $2,511 per ton in March 2023; however, from April 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was France ($8,371 per ton), while the average price for exports to Greece ($1,369 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Bag Price in Bulgaria (CIF) - 2023
In August 2023, the average plastic bag import price amounted to $3,079 per ton, falling by -5.1% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 57% against the previous month. As a result, import price attained the peak level of $3,534 per ton. From December 2022 to August 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($3,999 per ton), while the price for Vietnam ($1,648 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Poland (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Plastic Bag Exports in Bulgaria
After two years of decline, overseas shipments of plastic sacks and bags increased by 5.1% to 51K tons in 2022. In general, exports, however, saw a relatively flat trend pattern.
In value terms, plastic bag exports surged to $113M in 2022. The total export value increased at an average annual rate of +8.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Plastic Bag in Bulgaria (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 34.8 | 33.7 | 34.6 | 44.1 | 8.2% |
Netherlands | 10.7 | 12.1 | 14.1 | 16.0 | 14.4% |
Greece | 7.4 | 6.2 | 8.8 | 10.1 | 10.9% |
France | 3.3 | 5.7 | 7.8 | 7.2 | 29.7% |
Italy | 3.0 | 2.5 | 3.1 | 4.0 | 10.1% |
Denmark | 1.9 | 2.3 | 3.0 | 3.6 | 23.7% |
United Kingdom | 5.7 | 4.2 | 3.6 | 3.5 | -15.0% |
Switzerland | 0.9 | 1.8 | 2.1 | 3.5 | 57.3% |
Romania | 1.7 | 1.7 | 2.5 | 2.3 | 10.6% |
Belgium | 7.8 | 4.6 | 1.8 | 2.0 | -36.5% |
Others | 10.9 | 9.8 | 13.3 | 16.2 | 14.1% |
Total | 88.1 | 84.5 | 94.8 | 113 | 8.7% |
Top Export Markets for Plastic Bag from Bulgaria in 2022:
- Germany (26.1K tons)
- Netherlands (6.9K tons)
- Greece (5.8K tons)
- Denmark (1.8K tons)
- Switzerland (1.3K tons)
- France (1.1K tons)
- Romania (0.9K tons)
- Italy (0.9K tons)
- United Kingdom (0.9K tons)
- Belgium (0.7K tons)
Plastic Bag Imports in Bulgaria
For the fourth consecutive year, Bulgaria recorded growth in supplies from abroad of plastic sacks and bags, which increased by 18% to 13K tons in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 27%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, plastic bag imports expanded markedly to $38M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.
Import of Plastic Bag in Bulgaria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 4.2 | 5.2 | 8.7 | 7.5 | 21.3% |
Germany | 6.1 | 5.5 | 5.9 | 7.2 | 5.7% |
Poland | 2.4 | 2.3 | 3.9 | 6.1 | 36.5% |
Greece | 2.2 | 1.6 | 2.4 | 3.4 | 15.6% |
China | 1.7 | 2.0 | 3.0 | 3.2 | 23.5% |
Italy | 1.8 | 1.7 | 2.3 | 2.4 | 10.1% |
Vietnam | 1.2 | 1.2 | 1.6 | 1.7 | 12.3% |
Austria | 0.9 | 0.9 | 0.9 | 0.6 | -12.6% |
Romania | 0.6 | 0.5 | 0.3 | 0.4 | -12.6% |
Others | 3.8 | 4.5 | 5.8 | 5.5 | 13.1% |
Total | 24.9 | 25.3 | 34.9 | 38.2 | 15.3% |
Top Suppliers of Plastic Bag to Bulgaria in 2022:
- Turkey (3.2K tons)
- Poland (2.9K tons)
- Germany (2.0K tons)
- Greece (1.3K tons)
- China (0.9K tons)
- Vietnam (0.8K tons)
- Italy (0.6K tons)
- Romania (0.1K tons)
- Austria (0.1K tons)
This report provides an in-depth analysis of the plastic bag market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22221100 - Sacks and bags of polymers of ethylene (including cones)
- Prodcom 22221200 - Plastic sacks and bags (including cones) (excluding of polymers of ethylene)
Country coverage:
- Bulgaria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bulgaria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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