Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Bulgaria - 2023

Contents:

1. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Bulgaria (FOB) - 2023
2. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Bulgaria (CIF) - 2023
3. Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Bulgaria
4. Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Bulgaria

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Bulgaria (FOB) - 2023

In December 2023, the average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $3,139 per ton, standing approximately at the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 4.1% m-o-m. The export price peaked at $3,651 per ton in June 2023; however, from July 2023 to December 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Serbia ($3,298 per ton), while the average price for exports to North Macedonia ($1,682 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Bulgaria (CIF) - 2023

The average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $3,261 per ton in December 2023, shrinking by -24.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in November 2023 an increase of 37% against the previous month. As a result, import price reached the peak level of $4,336 per ton, and then contracted dramatically in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Austria ($3,906 per ton), while the price for the Netherlands ($1,697 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Romania (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Bulgaria

Exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips from Bulgaria soared to 6.9K tons in 2022, growing by 20% on 2021. The total export volume increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips soared to $21M in 2022. The total export value increased at an average annual rate of +10.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip from Bulgaria in 2022:

1. Serbia (4410.2 tons)
2. Greece (1351.4 tons)
3. Germany (241.1 tons)
4. Austria (156.7 tons)
5. Turkey (88.2 tons)
6. Poland (61.0 tons)

Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Bulgaria

In 2022, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips into Bulgaria stood at 4.5K tons, remaining constant against 2021 figures. The total import volume increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips rose slightly to $13M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip to Bulgaria in 2022:

1. Austria (974.3 tons)
2. Italy (899.3 tons)
3. Romania (819.4 tons)
4. Turkey (510.7 tons)
5. Netherlands (505.3 tons)
6. Spain (322.9 tons)
7. Poland (186.4 tons)
8. Germany (144.0 tons)

Source: IndexBox Market Intelligence Platform