Plastic shutters and blinds market in Bulgaria

Earlier Report Observations

Between 2018 and 2021, the Bulgarian market for plastic shutters and blinds contracted in physical volume by 24%, falling from 1 118 t to 849 t. This decline was most pronounced in 2020, coinciding with the global COVID-19 pandemic, which likely disrupted supply chains and dampened demand. Despite the lower volume, the market's value grew steadily from $7.7 million to $9.5 million over the same period, indicating a rise in average prices or a consumer shift toward more expensive product varieties.

From 2022 onward, the market entered a phase of rapid physical expansion, with volume surging by 64% in 2022 to 1 396 t and ultimately reaching 2 242 t by 2024. In value terms, growth was more subdued, increasing by 33% in 2022 to $12.6 million and then stabilizing around $14.2 million in 2023-2024. This decoupling suggests a normalization of prices or a change in the product mix available on the market following the post-pandemic recovery.

Production plastic shutters and blinds in Bulgaria

In value, 2017-2020, K $ US

Bulgaria's production of plastic shutters and blinds has grown for the third year in a row. In 2020, output reached 9 038 thousand US dollars, marking a 15.0% year-on-year increase. From 2017 to 2020, production rose by 65.5%, which translates to an average annual growth rate of 18.3%.

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

In kind, 2017-2020, t

In 2020, Bulgaria produced 821.7 tonnes of plastic shutters and blinds, a 2.2% decrease compared to 2019. Production hit its lowest point in 2018 at 699.1 tonnes, then surged by 20.1% in 2019 to a peak of 839.8 tonnes. Overall, from 2017 to 2020, production increased by 9.9%, averaging 3.2% growth per year.

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

Exports plastic shutters and blinds from Bulgaria

Exports in kind, t

The export market for plastic shutters and blinds from Bulgaria showed volatility during the observed period. Exports were at their lowest in 2017, then jumped by 122.2% in 2018 to reach a high of 549 tonnes. In 2020, exports dropped sharply by 26.5% year-on-year to 373 tonnes, creating a 2.2-fold difference between the peak in 2018 and the low in 2017.

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

From 2017 to 2020, Greece and Romania were the primary destinations for Bulgaria's exports of plastic shutters and blinds in volume terms, while other markets played smaller individual roles.

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 plastic shutters and blinds in value terms declined for the second consecutive year. In 2020, exports totaled 2 540 thousand US dollars, down 0.7% from 2019. Exports peaked in 2018 at 2 593 thousand US dollars, with a 42.8% increase that year, followed by a 1.4% drop in 2019. Over the 2017-2020 period, exports grew by 39.9%, averaging 11.8% annually.

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

Between 2017 and 2020, Greece, Romania, and Germany were the top buyers of Bulgarian plastic shutters and blinds in value terms. Greece accounted for 55.5% of exports, Romania for 20.2%, and Germany for 5.6%, together making up 81.2% of total export value.

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

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

Imports plastic shutters and blinds to Bulgaria

Imports in kind, t

Imports of plastic shutters and blinds into Bulgaria fell for the third year in a row. In 2020, imports amounted to 553 tonnes, a 31.4% decrease from the previous year. From 2017 to 2020, imports dropped by 49.9%, with an average annual decline of 20.6%.

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

From 2017 to 2020, Poland, Turkey, and Czechia were the main sources of imports in volume terms for Bulgaria. Poland contributed 43.1% of imports, Turkey 13.2%, and Czechia 12.3%, collectively accounting for 68.6% 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

Imports of plastic shutters and blinds into Bulgaria in value terms decreased for the second consecutive year. In 2020, imports stood at 2 898 thousand US dollars, down 11.8% from the prior year. Imports reached their highest point in 2018 at 3 860 thousand US dollars, with a 10.1% increase that year, followed by a 14.9% decline in 2019. Over the 2017-2020 period, imports fell by 17.4%, averaging a 6.2% annual decrease.

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

During 2017-2020, Czechia, Poland, and Germany consistently led as the main sources of imports in value terms for Bulgaria. Czechia represented 29.7% of imports, Poland 25.7%, and Germany 8.7%, together comprising 64.1% of total import value.

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

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