Business forms and interleaved carbon sets market in Bulgaria

Earlier Report Observations

From 2018 to 2021, the market volume for business forms and interleaved carbon sets in Bulgaria expanded consistently, rising from 326.6 t to 361.7 t. This growth occurred alongside a significant decline in market value, which fell from $1.9 million to $719 thousand over the same period.

The market contracted sharply in 2022, with volume dropping to 181.3 t and value to $400 thousand. The decline continued into 2023, reaching a low of 122.8 t in volume and $299 thousand in value.

In 2024, the market showed signs of stabilization, with volume increasing to 132.3 t and value rising to $355 thousand. This recovery coincided with a period of stabilization in the commercial real estate sector, which may have supported demand for office-related products like business forms. Additionally, reforms liberalizing the electricity market likely reduced production costs for manufacturers, while positive business sentiment focused on stimulating domestic demand provided a favorable environment for market activity.

Production business forms and interleaved carbon sets in Bulgaria

In value, 2017-2020, K $ US

Bulgaria's production of business forms and interleaved carbon sets declined for the second consecutive year. In 2020, output was valued at 689.9 thousand US dollars, marking a significant 19.0% decrease from the previous year. Production fell by 8.4% between 2017 and 2020, which translates to an annualized decline of 2.9%. The highest value was recorded in 2018 at 919.1 thousand US dollars, with the largest increase of 22.0% also occurring that year.

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

In kind, 2017-2020, t

Business forms and interleaved carbon sets production in Bulgaria increased for the third consecutive year. In 2020, Bulgaria produced 334.6 tonnes, up by 1.0% from the previous year. Over the period from 2017 to 2020, production grew by 44.9%, with a compound annual growth rate of 13.1%.

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

Exports business forms and interleaved carbon sets from Bulgaria

Exports in kind, kg

The market showed an unstable trend during this period. Exports reached their lowest point in 2017 and peaked in 2019, with a 2.9-fold difference between these years. In 2020, cross-border shipments of business forms and interleaved carbon sets from Bulgaria amounted to 7 445 kg, representing a notable 15.2% decrease year-over-year. The maximum volume was recorded in 2019 at 8 781 kg, with the largest increase of 169.1% occurring in 2018.

Annual dynamics of product's exports from Bulgaria in kind, 2017-2020, kg

From 2017 to 2020, Georgia and Azerbaijan were the main buyers of business forms and interleaved carbon sets from Bulgaria, accounting for a combined 84.3% of total exports in kind. The remaining share was fragmented across other countries.

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

Cross-border shipments of business forms and interleaved carbon sets from Bulgaria increased for the third consecutive year. In 2020, exports totaled 54 thousand US dollars, showing a dramatic 26.2% rise compared to 2019. Over the period from 2017 to 2020, exports surged by 1 055.8%, with a compound annual growth rate of 126.1%.

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

Between 2017 and 2020, Georgia and Azerbaijan remained the key destinations for exports in value terms, jointly accounting for 90.5% of total flows. Other partners contributed much less individually.

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

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

Imports business forms and interleaved carbon sets to Bulgaria

Imports in kind, kg

After a two-year decline, Bulgaria's import volume of business forms and interleaved carbon sets increased. In 2020, imports stood at 29 417 kg, corresponding to a 12.1% year-over-year rise. Between 2017 and 2020, imports decreased by 36.3%, equating to an annualized decline of 13.9%. The lowest volume was recorded in 2019 at 26 231 kg, with the largest decline of 40.0% also occurring that year.

Annual dynamics of product's imports to Bulgaria in kind, 2017-2020, kg

From 2017 to 2020, Germany and Poland jointly absorbed 91.4% of total imports in kind of business forms and interleaved carbon sets to Bulgaria. The rest of the volume was scattered across smaller markets.

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

Volatility characterized the market behavior during these years. Imports reached their lowest point in 2019 and peaked in 2017, with a 12.2-fold difference between these years. In 2020, imported business forms and interleaved carbon sets volumes in Bulgaria reached 160 thousand US dollars, amounting to a 17.6% uptick compared to the previous year. The minimum value was recorded in 2019 at 136 thousand US dollars, with the largest decline of 86.5% also occurring that year.

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

Throughout 2017 to 2020, Switzerland dominated the partner structure for imports in value terms, with a share of 74.4% of total flows. Other markets had comparatively modest shares.

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

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