Folding paperboard boxes market in Bulgaria

Earlier Report Observations

From 2018 to 2020, the Bulgarian market for folding paperboard boxes experienced a contraction followed by a partial recovery. Market volume declined by approximately 10% in 2019, falling to 24 304 t, before rebounding by nearly 10% in 2020 to reach 26 683 t. A similar pattern was observed in the production of folding paperboard boxes, which decreased to 24 636 t in 2019 and recovered to 27 509 t the following year.

Throughout the 2018 to 2024 period, import and export volumes of folding paperboard boxes in Bulgaria generally followed an upward trajectory. Imports rose from 7 078 t in 2018 to 10 664 t in 2024, with a notable surge to over 15 000 t in 2022. Exports also expanded significantly from 7 467 t to 12 109 t in the same timeframe, indicating active participation in international trade.

Production folding paperboard boxes in Bulgaria

In value, 2017-2020, K $ US

In 2020, Bulgaria's output of folding paperboard boxes was valued at 62 838 thousand US dollars, marking an 18.5% year-over-year increase. Production reached its lowest point in 2019 at 53 041 thousand US dollars, which saw the largest decline of 13.1%. Over the period from 2017 to 2020, production grew by 3.3%, translating to an annualized rate of 1.1%.

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

In kind, 2017-2020, t

Following a two-year decline, Bulgaria's production volume of folding paperboard boxes rebounded. In 2020, the country produced 27 509 tonnes, representing a solid 11.7% increase compared to 2019. The lowest production level was recorded in 2019 at 24 636 tonnes, which experienced the largest decline of 10.3%. From 2017 to 2020, overall production decreased by 5.4%, with a compound annual growth rate of -1.8%.

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

Exports folding paperboard boxes from Bulgaria

Exports in kind, t

Bulgaria's exports of folding paperboard boxes have increased for the third consecutive year. In 2020, exports reached 9 336 tonnes, rising by 8.0% year-over-year. Over the period from 2017 to 2020, exports surged by 63%, with a compound annual growth rate of 17.7%.

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

From 2017 to 2020, the main destinations for Bulgaria's exports of folding paperboard boxes in kind were Greece, accounting for 22.2% of exports, Germany at 19.3%, and Italy with 11.9%. Together, these three countries represented 53.4% of total export flows.

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

Bulgaria's exports of folding paperboard boxes in value terms have grown for the third year in a row. In 2020, exports totaled 33 121 thousand US dollars, up by 19.9% compared to the previous year. Between 2017 and 2020, exports increased by 78.1%, equating to an annualized rate of 21.2%.

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

Between 2017 and 2020, Bulgaria's exports of folding paperboard boxes in value terms were distributed across a wide range of markets. Germany led with 21.6% of exports, followed by Greece at 15.4%, and Italy with 10.2%. Collectively, these three countries accounted for 47.1% of total export flows.

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

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

Imports folding paperboard boxes to Bulgaria

Imports in kind, t

Bulgaria's imports of folding paperboard boxes have risen for the third consecutive year. In 2020, import volume stood at 8 510 tonnes, showing a modest increase of 2.3% from the previous year. Over the period from 2017 to 2020, imports grew by 25.2%, with a compound annual growth rate of 7.8%.

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

From 2017 to 2020, the core sources for Bulgaria's imports of folding paperboard boxes in kind were Romania, contributing 25.2% of imports, Italy at 18.1%, and Turkey with 14.0%. Together, these three countries made up 57.3% 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

Bulgaria's imports of folding paperboard boxes in value terms have increased for the third year running. In 2020, imports amounted to 24 207 thousand US dollars, rising by 5.1% compared to 2019. Between 2017 and 2020, imports grew by 40.1%, translating to an annualized rate of 11.9%.

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

In the period from 2017 to 2020, the leading sources for Bulgaria's imports of folding paperboard boxes in value terms were Romania, accounting for 19.7% of imports, Italy at 16.7%, and Germany with 14.1%. These three countries jointly represented 50.4% 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