Bulgaria: Market for Packing Cases, Boxes And Similar Packings 2024

Market Size for Packing Cases, Boxes And Similar Packings in Bulgaria

In 2022, the Bulgarian wooden case and box market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Wooden case and box consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Packing Cases, Boxes And Similar Packings in Bulgaria

In value terms, wooden case and box production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a noticeable increase. Wooden case and box production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Packing Cases, Boxes And Similar Packings

Exports from Bulgaria

In 2022, overseas shipments of packing cases, boxes and similar packings decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then fell modestly in the following year.

In value terms, wooden case and box exports soared to $X in 2022. Overall, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

Greece (X units) was the main destination for wooden case and box exports from Bulgaria, with a X% share of total exports. Moreover, wooden case and box exports to Greece exceeded the volume sent to the second major destination, Romania (X units), fourfold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Greece was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Italy (X% per year).

In value terms, the largest markets for wooden case and box exported from Bulgaria were Greece ($X), Italy ($X) and Romania ($X), with a combined X% share of total exports. Spain, Germany and Serbia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Spain, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden case and box export price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price saw strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Packing Cases, Boxes And Similar Packings

Imports into Bulgaria

Wooden case and box imports into Bulgaria skyrocketed to X units in 2022, with an increase of X% compared with the previous year. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, wooden case and box imports soared to $X in 2022. Overall, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

Italy (X units), Ukraine (X units) and Romania (X units) were the main suppliers of wooden case and box imports to Bulgaria, together comprising X% of total imports. Greece, Germany, Bosnia and Herzegovina, Poland, Turkey, Serbia, China and Kosovo lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bosnia and Herzegovina (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden case and box suppliers to Bulgaria were Italy ($X), Ukraine ($X) and Romania ($X), with a combined X% share of total imports. Turkey, Greece, Germany, Poland, Serbia, Bosnia and Herzegovina, China and Kosovo lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Bosnia and Herzegovina, with a CAGR of X%, recorded the highest growth rate of 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 wooden case and box import price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a sharp descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Bosnia and Herzegovina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kosovo (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :