Bulgaria: Folding Boxboard Market 2024

Folding Boxboard Market Size in Bulgaria

In 2022, the Bulgarian folding boxboard market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in years to come.

Folding Boxboard Exports

Exports from Bulgaria

In 2022, approx. X tons of folding boxboard were exported from Bulgaria; picking up by X% compared with the year before. Overall, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, folding boxboard exports skyrocketed to $X in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Romania (X tons), Turkey (X tons) and Belarus (X tons) were the main destinations of folding boxboard exports from Bulgaria, together comprising X% of total exports. Greece, Iraq, Croatia, Russia, Austria, Iran, Germany, Kazakhstan, Italy and Serbia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for folding boxboard exported from Bulgaria were Belarus ($X), Iraq ($X) and Romania ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Iraq, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average folding boxboard export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, folding boxboard export price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X% 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Romania ($X 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 Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Folding Boxboard Imports

Imports into Bulgaria

For the third year in a row, Bulgaria recorded growth in purchases abroad of folding boxboard, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, folding boxboard imports soared to $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Austria (X tons), Turkey (X tons) and Slovenia (X tons) were the main suppliers of folding boxboard imports to Bulgaria, with a combined X% share of total imports. China, Poland, Serbia, Finland, Germany, Italy, Greece, Spain, Sweden and Ukraine lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Austria ($X) and Turkey ($X) appeared to be the largest folding boxboard suppliers to Bulgaria, with a combined X% share of total imports. China, Slovenia, Serbia, Germany, Finland, Italy, Greece, Spain, Sweden and Ukraine lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average folding boxboard import price amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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