Not reinforced or laminated non-cellular PS sheets market in Bulgaria

Earlier Report Observations

The Bulgarian market for non-cellular, not reinforced or laminated polystyrene sheets experienced significant fluctuations between 2018 and 2024. Volume consumption rose sharply in 2020 to 10.4 thousand tonnes, marking a high point for the period.

Following this peak, the market entered a prolonged downward trend, with volume falling in each subsequent year to reach 7.7 thousand tonnes in 2024. In value terms, the market peaked later, in 2021 at $26.8 million, before also declining steadily to $22.6 million in 2024.

By the end of the period, both market volume and value were below their 2018 starting points of 8.8 thousand tonnes and $23.4 million, indicating a broader contraction in the sector.

Production not reinforced or laminated non-cellular PS sheets in Bulgaria

In value, 2017-2020, K $ US

Bulgaria's production of not reinforced or laminated non-cellular PS sheets increased in value after two years of decline. In 2019, output reached its lowest point at 7 832 K $ US, but then rebounded sharply in 2020 to 9 727 K $ US, marking a solid 24.2% year-over-year increase. The largest decline occurred in 2018, when production fell by 14.9%.

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

In kind, 2017-2020, t

Bulgaria's production of not reinforced or laminated non-cellular PS sheets increased in volume for the second consecutive year. In 2018, output hit its lowest level at 3 471 t, with the largest decline that year at 19.1%. By 2020, production had risen to 4 755 t, up 29.8% from the previous year. Over the period from 2017 to 2020, production grew by 10.9%, averaging an annualized rate of 3.5%.

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

Exports not reinforced or laminated non-cellular PS sheets from Bulgaria

Exports in kind, t

Bulgaria's exports of not reinforced or laminated non-cellular PS sheets increased in volume for the third consecutive year. In 2020, exports reached 2 742 t, up 50.1% from 2019. From 2017 to 2020, exports surged by 137.8%, with an annualized growth rate of 33.5%.

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

From 2017 to 2020, Germany, France, and Romania remained the top buyers of not reinforced or laminated non-cellular PS sheets from Bulgaria. Germany accounted for 56.2% of exports in kind, France for 22.9%, and Romania for 5.0%. Together, these three countries represented 84.2% of total exports in kind.

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 not reinforced or laminated non-cellular PS sheets increased in value in 2020, reaching 6 798 K $ US, a sharp gain of 39.9% year-over-year. The largest decline occurred in 2019 at 1.1%, while the largest increase was in 2018 at 40.6%. Over the period from 2017 to 2020, exports grew by 94.6%, with a compound annual growth rate (CAGR) of 24.9%.

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

From 2017 to 2020, Germany, France, and Romania formed the key group of partners for Bulgaria's exports of not reinforced or laminated non-cellular PS sheets in value terms. Germany led with 61.1% of exports, followed by France at 18.1% and Romania at 4.2%. Collectively, these three countries accounted for 83.4% 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 not reinforced or laminated non-cellular PS sheets to Bulgaria

Imports in kind, t

After two years of decline, Bulgaria's imports of not reinforced or laminated non-cellular PS sheets increased in volume. In 2019, imports were at their lowest point of 6 976 t, but rose to 8 411 t in 2020, a strong increase of 20.6% year-over-year. The largest decline occurred in 2018 at 20.0%. Overall, from 2017 to 2020, imports decreased by 4.9%, averaging an annualized decline of 1.7%.

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

From 2017 to 2020, Germany, Czechia, and Romania led the structure of Bulgaria's imports of not reinforced or laminated non-cellular PS sheets in kind. Germany accounted for 61.5% of imports, while Czechia and Romania each represented 8.8%. Together, these three countries made up 79.1% 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

After two years of decrease, Bulgaria's imports of not reinforced or laminated non-cellular PS sheets increased in value. In 2019, imports were at their lowest point of 19 380 K $ US, but rose to 20 233 K $ US in 2020, equivalent to a 4.4% increase from the previous year. The largest decline occurred in 2018 at 10.5%. Over the period from 2017 to 2020, imports decreased by 10%, with an annualized decline rate of 3.4%.

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

From 2017 to 2020, Germany, Romania, and Czechia were the main destinations for Bulgaria's imports of not reinforced or laminated non-cellular PS sheets in value terms. Germany accounted for 59.8% of imports, Romania for 9.5%, and Czechia for 9.2%. Together, these three countries represented 78.4% 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