Bulgaria: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2022

Market Size for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Bulgaria

In 2021, the Bulgarian market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap increased by X% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2019 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Production of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Bulgaria

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap soared to $X in 2021 estimated in export price. Overall, production, however, showed a deep setback. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Exports from Bulgaria

In 2021, overseas shipments of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap surged to $X in 2021. In general, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from Bulgaria, accounting for a X% share of total exports. Moreover, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to Poland exceeded the volume sent to the second major destination, Italy (X tons), twofold. Greece (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Poland amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Greece (+X% per year).

In value terms, Poland ($X) emerged as the key foreign market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Greece ($X), with an X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Poland totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+X% per year) and Italy (-X% per year).

Export Prices by Country

The average export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap stood at $X per ton in 2021, rising by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Imports into Bulgaria

In 2021, supplies from abroad of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, enjoyed a notable expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

Turkey (X tons), China (X tons) and Greece (X tons) were the main suppliers of imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to Bulgaria, together comprising X% of total imports. Poland, Germany, Romania and Italy lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Turkey ($X) and China ($X) appeared to be the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap suppliers to Bulgaria, together accounting for X% of total imports. Germany, Romania, Italy and Greece lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to 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 2021, the average import price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to $X per ton, growing by X% against the previous year. In general, the import price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Poland ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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