Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Bulgaria - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Bulgaria (CIF) - 2023
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Bulgaria (FOB) - 2022
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Bulgaria
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Bulgaria
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Bulgaria (CIF) - 2023
The average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $3,117 per ton in November 2023, approximately equating the previous month. Over the last twelve months, it increased at an average monthly rate of +4.2%. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 110% against the previous month. As a result, import price attained the peak level of $4,001 per ton. From January 2023 to November 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Poland ($4,589 per ton), while the price for Serbia ($882 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+13.3%), while the prices for the other major suppliers experienced a decline.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Bulgaria (FOB) - 2022
The average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $2,571 per ton in 2022, surging by 20% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 24% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($4,777 per ton), while the average price for exports to Greece ($1,499 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 Iraq (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Bulgaria
In 2022, supplies from abroad of adhesives; prepared, based on rubber or plastics (including artificial resins) decreased by -9.3% to 5.4K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22%.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) expanded remarkably to $15M in 2022. The total import value increased at an average annual rate of +8.6% 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 2021 with an increase of 24% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.3 | 3.5 | 4.5 | 4.1 | 7.5% |
| Hungary | 2.0 | 2.2 | 2.6 | 3.3 | 18.2% |
| Turkey | 1.2 | 1.3 | 1.7 | 2.1 | 20.5% |
| Italy | 1.9 | 1.3 | 1.8 | 1.8 | -1.8% |
| Poland | 0.5 | 0.6 | 0.7 | 0.7 | 11.9% |
| Greece | 0.3 | 0.2 | 0.6 | 0.5 | 18.6% |
| Austria | 0.6 | 0.5 | 0.3 | 0.5 | -5.9% |
| Netherlands | 0.5 | 0.4 | 0.5 | 0.3 | -15.7% |
| Others | 1.5 | 1.5 | 1.4 | 1.7 | 4.3% |
| Total | 11.7 | 11.4 | 14.1 | 15.0 | 8.6% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Bulgaria in 2022:
- Germany (2015.0 tons)
- Hungary (974.5 tons)
- Turkey (856.3 tons)
- Italy (496.2 tons)
- Greece (214.8 tons)
- Netherlands (188.3 tons)
- Poland (115.7 tons)
- Austria (104.4 tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Bulgaria
In 2022, after two years of decline, there was growth in overseas shipments of adhesives; prepared, based on rubber or plastics (including artificial resins), when their volume increased by 1.6% to 1.7K tons. In general, exports, however, faced a dramatic decline.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) surged to $4.4M in 2022. Over the period under review, exports, however, saw a significant contraction.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 6,708 | 3,482 | 1,294 | 1,448 | -40.0% |
| Romania | 420 | 405 | 590 | 591 | 12.1% |
| Greece | 214 | 156 | 183 | 564 | 38.1% |
| Iraq | N/A | 7.0 | 114 | 388 | 644.5% |
| Armenia | 96.9 | 65.4 | 100 | 165 | 19.4% |
| Slovakia | N/A | N/A | N/A | 105 | 0% |
| Algeria | N/A | N/A | N/A | 103 | 0% |
| Palestine | 1.9 | N/A | N/A | 103 | 278.5% |
| United Kingdom | 281 | 169 | 285 | 89.9 | -31.6% |
| Serbia | 169 | 61.0 | 78.0 | 71.6 | -24.9% |
| Ukraine | 216 | 173 | 78.1 | 13.9 | -59.9% |
| Poland | 283 | 227 | 326 | 7.4 | -70.3% |
| Others | 268 | 774 | 531 | 732 | 39.8% |
| Total | 8,656 | 5,520 | 3,578 | 4,380 | -20.3% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Bulgaria in 2022:
- Turkey (570.6 tons)
- Greece (376.0 tons)
- Romania (298.3 tons)
- Iraq (81.2 tons)
- Armenia (45.3 tons)
- Algeria (39.9 tons)
- Palestine (38.5 tons)
- United Kingdom (37.2 tons)
- Serbia (29.4 tons)
- Slovakia (26.1 tons)
- Ukraine (3.6 tons)
- Poland (2.1 tons)
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