Report Update: May 1, 2024

Bulgaria - Expansible Polystyrene In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights

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Expansible Polystyrene Price in Bulgaria - 2023

Expansible Polystyrene Price in Bulgaria (CIF) - 2023

In June 2023, the average expansible polystyrene import price amounted to $1,719 per ton, declining by -5.8% against the previous month. In general, the import price saw a perceptible setback. The most prominent rate of growth was recorded in December 2022 an increase of 5.6% against the previous month. Over the period under review, average import prices reached the maximum at $2,624 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Turkey ($2,191 per ton) and Romania ($1,918 per ton), while the price for Iran ($1,515 per ton) and China ($1,527 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (-2.3%), while the prices for the other major suppliers experienced a decline.

Expansible Polystyrene Price in Bulgaria (FOB) - 2022

In 2022, the average expansible polystyrene export price amounted to $2,304 per ton, increasing by 49% against the previous year. In general, the export price, however, continues to indicate a mild setback. Over the period under review, the average export prices attained the peak figure at $2,651 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($2,521 per ton), while the average price for exports to Poland ($1,314 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (-0.4%), while the prices for the other major destinations experienced a decline.

Expansible Polystyrene Imports in Bulgaria

In 2022, the amount of expansible polystyrene in primary forms imported into Bulgaria reduced to 15K tons, waning by -6.2% on the previous year's figure. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +9.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 42%. As a result, imports attained the peak of 16K tons, and then dropped in the following year.

In value terms, expansible polystyrene imports rose sharply to $35M in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 140% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Import of Expansible Polystyrene in Bulgaria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Iran	2.1	2.4	13.3	13.1	84.1%
Turkey	1.0	1.5	4.9	6.6	87.6%
Greece	4.0	2.2	3.2	5.2	9.1%
Romania	0.1	0.2	0.2	3.7	233.2%
Austria	2.0	1.6	3.0	2.4	6.3%
Belgium	1.3	0.8	2.0	1.5	4.9%
Poland	1.4	0.7	2.1	1.1	-7.7%
Netherlands	2.5	2.6	1.6	0.6	-37.9%
Others	0.7	1.1	0.9	1.1	16.3%
Total	15.1	13.0	31.3	35.3	32.7%

Top Suppliers of Expansible Polystyrene to Bulgaria in 2022:

Iran (6.1K tons)
Turkey (2.6K tons)
Greece (2.2K tons)
Romania (1.5K tons)
Austria (0.9K tons)
Belgium (0.6K tons)
Poland (0.4K tons)
Netherlands (0.3K tons)

Expansible Polystyrene Exports in Bulgaria

In 2022, shipments abroad of expansible polystyrene in primary forms decreased by -57.7% to 1.2K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 193%. As a result, the exports attained the peak of 2.8K tons, and then plummeted in the following year.

In value terms, expansible polystyrene exports fell rapidly to $2.7M in 2022. Overall, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 224%. As a result, the exports reached the peak of $4.3M, and then shrank significantly in the following year.

Export of Expansible Polystyrene in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	320	600	1,543	2,133	88.2%
Greece	432	598	2,174	512	5.8%
Poland	N/A	N/A	40.3	30.7	-23.8%
Germany	N/A	N/A	189	N/A	0%
Moldova	58.1	58.5	41.0	N/A	-16.0%
North Macedonia	131	6.3	42.7	N/A	-42.9%
Others	17.6	61.0	268	29.1	18.2%
Total	959	1,324	4,298	2,705	41.3%

Top Export Markets for Expansible Polystyrene from Bulgaria in 2022:

Romania (845.9 tons)
Greece (298.6 tons)
Poland (23.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the expansible polystyrene market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20162035 - Expansible polystyrene, in primary forms

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023