Report Update: Apr 1, 2024

Bulgaria - Polishes For Coachwork - Market Analysis, Forecast, Size, Trends And Insights

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Polishes for Coachwork Price in Bulgaria - 2023

Polishes for Coachwork Price in Bulgaria (CIF) - 2023

In August 2023, the average polishes for coachwork import price amounted to $7,259 per ton, dropping by -9.7% against the previous month. Overall, the import price, however, recorded modest growth. The most prominent rate of growth was recorded in April 2023 an increase of 103% against the previous month. The import price peaked at $10,651 per ton in February 2023; however, from March 2023 to August 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($18,925 per ton), while the price for Greece ($1,135 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Turkey (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Polishes for Coachwork Price in Bulgaria (FOB) - 2022

In 2022, the average polishes for coachwork export price amounted to $4,593 per ton, dropping by -7.8% against the previous year. Over the period under review, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 a decrease of -2.8%. The export price peaked at $20,109 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($6,300 per ton), while the average price for exports to Albania ($1,778 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 Croatia (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Polishes for Coachwork Imports in Bulgaria

Polishes for coachwork imports into Bulgaria amounted to 181 tons in 2022, increasing by 2.4% against the previous year's figure. Overall, imports recorded a modest expansion. The most prominent rate of growth was recorded in 2021 with an increase of 7.4%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, polishes for coachwork imports totaled $1.1M in 2022. The total import value increased at an average annual rate of +12.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 25% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Import of Polishes for Coachwork in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	194	227	179	216	3.6%
Germany	146	177	206	191	9.4%
Turkey	59.0	205	147	131	30.5%
Israel	98.6	102	189	123	7.6%
Italy	121	95.3	63.7	109	-3.4%
Netherlands	31.0	34.3	117	97.0	46.3%
China	14.6	26.5	18.4	30.9	28.4%
Belgium	7.9	7.7	6.7	10.3	9.2%
United Kingdom	72.7	47.8	76.4	N/A	2.5%
Others	49.4	70.8	57.4	235	68.2%
Total	794	994	1,061	1,143	12.9%

Top Suppliers of Polishes for Coachwork to Bulgaria in 2022:

Turkey (32.5 tons)
Italy (27.8 tons)
Israel (24.7 tons)
Poland (22.5 tons)
Germany (18.0 tons)
China (13.3 tons)
Netherlands (5.3 tons)
Belgium (5.1 tons)

Polishes for Coachwork Exports in Bulgaria

For the fourth consecutive year, Bulgaria recorded growth in overseas shipments of polishes for coachwork, which increased by 12% to 117 tons in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 76%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, polishes for coachwork exports amounted to $537K in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 54% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Export of Polishes for Coachwork in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	149	193	298	260	20.4%
United States	23.2	34.8	35.5	33.0	12.5%
Serbia	11.2	15.2	22.0	28.4	36.4%
Ukraine	N/A	N/A	4.5	26.6	491.1%
Lithuania	5.1	7.2	13.8	22.0	62.8%
Georgia	4.2	5.5	5.5	19.8	67.7%
Croatia	1.7	3.2	5.3	19.7	126.3%
Slovakia	4.0	2.8	6.6	18.4	66.3%
Albania	N/A	0.5	2.4	13.3	415.8%
North Macedonia	8.4	10.7	6.9	12.8	15.1%
Bosnia and Herzegovina	7.2	8.1	11.0	10.2	12.3%
Turkey	4.6	2.0	1.3	6.7	13.4%
Russia	N/A	N/A	59.0	0.2	-99.7%
Others	91.0	53.6	46.5	66.0	-10.2%
Total	309	336	518	537	20.2%

Top Export Markets for Polishes for Coachwork from Bulgaria in 2022:

Russia (undefined tons)
Romania (43.0 tons)
Ukraine (13.1 tons)
Serbia (9.8 tons)
Albania (7.5 tons)
Croatia (6.1 tons)
United States (5.2 tons)
North Macedonia (4.9 tons)
Georgia (4.4 tons)
Lithuania (3.7 tons)
Slovakia (3.4 tons)
Bosnia and Herzegovina (2.7 tons)
Turkey (2.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the polishes for coachwork 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 20414370 - Polishes and similar preparations, for coachwork (excluding artificial and prepared waxes, metal polishes)

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
Find deeper insights into current market developments
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