Bobbins, spools, cops and similar supports of paper or paperboard market in Bulgaria

Earlier Report Observations

Between 2018 and 2020, the market volume for paper bobbins and spools in Bulgaria declined from 6 915 t to 6 451 t. In value terms, the market peaked at 6 073 thousand $ US in 2019 before falling to 5 197 thousand $ US in 2020. Domestic production followed a similar pattern, dropping in 2019 and partially recovering the following year.

From 2021 onward, import and export flows showed significant shifts. Import volume reached a high of 2 888 t in 2022, coinciding with a sharp increase in global paper prices and supply chain disruptions exacerbated by the COVID-19 pandemic and the war in Ukraine, which raised input costs and affected the European paper market. The following year, the closure of a major paper recycling plant in Pazardzhik disrupted the domestic supply of raw materials, a factor linked to the subsequent decrease in import volume to 2 716 t in 2023. Market consolidation continued in 2024 with the acquisition of a key local trader, Europapir Bulgaria, by a large European player, as import volume recovered to 2 861 t.

Production bobbins, spools, cops and similar supports of paper or paperboard in Bulgaria

In value, 2017-2020, K $ US

In Bulgaria, the production value of bobbins, spools, cops, and similar paper or paperboard supports reached $3,725,000 in 2020, marking a significant decline of 13.2% compared to 2019. Over the period from 2017 to 2020, production increased by 9.1%, which translates to an annualized growth rate of 3.0%. The lowest value was recorded in 2018 at $3,157,000, while the peak occurred in 2019 at $4,292,000. The largest increase was observed in 2019, with a rise of 36.0%.

Annual dynamics of production in Bulgaria in value, 2017-2020, K $ US

In kind, 2017-2020, t

In 2020, Bulgaria produced 4,459 tonnes of bobbins, spools, cops, and similar paper or paperboard supports, showing a year-over-year increase of 3.3%. However, from 2017 to 2020, overall production decreased by 8.2%, corresponding to a compound annual growth rate (CAGR) of -2.8%. The lowest production volume was in 2019 at 4,315 tonnes, while the highest was in 2018 at 4,897 tonnes. The most substantial decline occurred in 2019, with a drop of 11.9%.

Annual dynamics of production in Bulgaria in kind, 2017-2020, t

Exports bobbins, spools, cops and similar supports of paper or paperboard from Bulgaria

Exports in kind, t

Following a two-year decline, Bulgaria's exports of bobbins, spools, cops, and similar paper or paperboard supports rebounded in 2020. The export volume reached 203 tonnes, representing a sharp increase of 61.2% compared to the previous year. Over the 2017-2020 period, exports decreased by 43.4%, with a CAGR of -17.3%. The lowest export volume was recorded in 2019 at 126 tonnes, and the largest decline was in 2018, with a fall of 53.9%.

Annual dynamics of product's exports from Bulgaria in kind, 2017-2020, t

From 2017 to 2020, Greece and Romania were the primary markets for Bulgaria's exports in kind, jointly accounting for 84.1% of total export flows. Other partners made up the remaining share.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Bulgaria in kind, 2017-2020

Exports in value, K $ US

The export market exhibited volatility during the observed period. Export volumes varied significantly, with a 4.2-fold difference between the high in 2017 and the low in 2019. In 2020, Bulgaria's exports of bobbins, spools, cops, and similar paper or paperboard supports were valued at $166,000, showing a steep gain of 116.4% compared to 2019. The minimum value was recorded in 2019 at $77,000, and the largest decline occurred in 2018, with a drop of 63.1%.

Annual dynamics of product's exports from Bulgaria in value, 2017-2020, K $ US

Between 2017 and 2020, Greece and Romania clearly dominated Bulgaria's export structure in value terms, while other countries collectively formed the remaining share.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Bulgaria in value, 2017-2020

Imports bobbins, spools, cops and similar supports of paper or paperboard to Bulgaria

Imports in kind, t

In 2020, Bulgaria's imports of bobbins, spools, cops, and similar paper or paperboard supports totaled 2,196 tonnes, indicating a moderate decline of 5.7% compared to 2019. From 2017 to 2020, imports decreased by 8.1%, equating to an annualized rate of -2.8%. The lowest import volume was in 2018 at 2,184 tonnes. The largest decline was recorded in 2018 at 8.6%, while the largest increase occurred in 2019, with a rise of 6.6%.

Annual dynamics of product's imports to Bulgaria in kind, 2017-2020, t

Throughout 2017-2020, Greece (42.0% of imports in kind), Turkey (22.2%), and Hungary (19.0%) were the key sources for Bulgaria's imports in kind, together accounting for 83.3% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Bulgaria in kind, 2017-2020

Imports in value, K $ US

Cross-border shipments of bobbins, spools, cops, and similar paper or paperboard supports to Bulgaria declined for the second consecutive year. In 2020, imports amounted to $1,638,000, down by 11.9% from 2019. Over the 2017-2020 period, imports decreased by 10.4%, with a CAGR of -3.6%. The highest import value was recorded in 2018 at $1,878,000, and the largest increase was in 2018, with a growth of 2.8%.

Annual dynamics of product's imports to Bulgaria in value, 2017-2020, K $ US

From 2017 to 2020, Greece (38.6% of imports in value terms), Turkey (23.5%), and Hungary (19.7%) were the main markets for Bulgaria's imports in value terms, collectively representing 81.8% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Bulgaria in value, 2017-2020