Bulgaria - Glass Fibres and Glass Fibre Articles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Glass Fibre and Article in Bulgaria - 2023
Contents:
- Price for Glass Fibre and Article in Bulgaria (CIF) - 2022
- Price for Glass Fibre and Article in Bulgaria (FOB) - 2022
- Imports of Glass Fibre and Article in Bulgaria
- Exports of Glass Fibre and Article in Bulgaria
Price for Glass Fibre and Article in Bulgaria (CIF) - 2022
The average glass fibre and article import price stood at $2,525 per ton in 2022, rising by 2.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 15%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($7,425 per ton), while the price for Turkey ($1,343 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Fibre and Article in Bulgaria (FOB) - 2022
In 2022, the average glass fibre and article export price amounted to $2,531 per ton, growing by 19% against the previous year. Overall, the export price, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 41%. Over the period under review, the average export prices reached the peak figure at $4,533 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($2,663 per ton), while the average price for exports to North Macedonia ($1,305 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 Italy (+2.1%), while the prices for the other major destinations experienced a decline.
Imports of Glass Fibre and Article in Bulgaria
In 2022, approx. 14K tons of glass fibres and glass fibre articles were imported into Bulgaria; falling by -5.2% compared with 2021 figures. The total import volume increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 31%. As a result, imports reached the peak of 15K tons, and then declined in the following year.
In value terms, glass fibre and article imports shrank modestly to $36M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.3% 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 +41.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. As a result, imports reached the peak of $37M, and then fell slightly in the following year.
| Import of Glass Fibre and Article in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 3.7 | 3.3 | 3.6 | 6.5 | 20.7% |
| Turkey | 2.2 | 2.0 | 5.4 | 5.2 | 33.2% |
| Czech Republic | 4.0 | 4.3 | 4.8 | 4.8 | 6.3% |
| Latvia | 4.1 | 4.2 | 4.2 | 4.0 | -0.8% |
| Romania | 0.9 | 0.7 | 1.4 | 1.4 | 15.9% |
| Italy | 1.0 | 1.0 | 1.6 | 1.4 | 11.9% |
| Poland | 0.7 | 0.9 | 1.0 | 1.3 | 22.9% |
| China | 0.9 | 0.8 | 1.2 | 1.3 | 13.0% |
| Moldova | 1.3 | 1.2 | 1.2 | 1.2 | -2.6% |
| Slovenia | 0.9 | 0.8 | 1.0 | 1.0 | 3.6% |
| North Macedonia | 0.6 | 0.8 | 1.2 | 0.9 | 14.5% |
| Belgium | 0.7 | 0.4 | 0.4 | 0.7 | 0.0% |
| Slovakia | 0.6 | 0.7 | 0.8 | 0.3 | -20.6% |
| Others | 4.1 | 5.1 | 9.3 | 6.1 | 14.2% |
| Total | 25.6 | 26.3 | 37.1 | 36.2 | 12.2% |
Top Suppliers of Glass Fibre and Article to Bulgaria in 2022:
- Turkey (3.9K tons)
- Czech Republic (2.5K tons)
- Latvia (1.6K tons)
- Romania (1.0K tons)
- Austria (0.9K tons)
- Slovenia (0.8K tons)
- Moldova (0.6K tons)
- China (0.5K tons)
- Italy (0.4K tons)
- Poland (0.4K tons)
- North Macedonia (0.3K tons)
- Belgium (0.3K tons)
- Slovakia (0.1K tons)
Exports of Glass Fibre and Article in Bulgaria
In 2022, shipments abroad of glass fibres and glass fibre articles decreased by -5.5% to 2.5K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 225% against the previous year.
In value terms, glass fibre and article exports rose sharply to $6.4M in 2022. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 150%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Glass Fibre and Article in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 251 | 1,536 | 4,707 | 5,163 | 174.0% |
| Romania | 251 | 378 | 252 | 261 | 1.3% |
| Italy | 178 | 185 | 234 | 221 | 7.5% |
| North Macedonia | 115 | 82.1 | 78.2 | 105 | -3.0% |
| Others | 244 | 415 | 474 | 691 | 41.5% |
| Total | 1,039 | 2,596 | 5,745 | 6,441 | 83.7% |
Top Export Markets for Glass Fibre and Article from Bulgaria in 2022:
- Greece (2177.4 tons)
- Romania (97.9 tons)
- Italy (87.4 tons)
- North Macedonia (80.3 tons)
This report provides an in-depth analysis of the market for glass fibre and article 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 23141110 - Glass fibre threads cut into lengths of at least 3 mm but . .50 mm (chopped strands)
- Prodcom 23141130 - Glass fibre filaments (including rovings)
- Prodcom 23141150 - Slivers, yarns and chopped strands of filaments of glass fibres (excluding glass fibre threads cut into lengths of at least 3 mm but . .50 mm)
- Prodcom 23141170 - Staple glass fibre articles
- Prodcom 23141210 -
- Prodcom 23141230 -
- Prodcom 23141250 - Non-woven glass fibre webs, felts, mattresses and boards
- Prodcom 23141293 -
- Prodcom 23141295 -
- Prodcom 23141299 -
- Prodcom 13204600 - Woven fabrics of glass fibre (including narrow fabrics, glass wool)
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
-
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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