Bulgaria: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2022

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Bulgaria

The Bulgarian market for paint, distemper, varnish or similar brushes, paint pads and rollers reduced markedly to $X in 2021, declining by -58.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a abrupt shrinkage. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports from Bulgaria

In 2021, the amount of paint, distemper, varnish or similar brushes, paint pads and rollers exported from Bulgaria skyrocketed to X units, growing by 518% on the previous year's figure. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers surged to $X in 2021. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 205%. Over the period under review, the exports of attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Saudi Arabia (X units) was the main destination for exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Bulgaria, with a 81% share of total exports. Moreover, exports of paint, distemper, varnish or similar brushes, paint pads and rollers to Saudi Arabia exceeded the volume sent to the second major destination, Turkey (X units), more than tenfold. Romania (X units) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia totaled +171.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+3.6% per year) and Romania (+62.8% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for paint, distemper, varnish or similar brush, paint pad and roller exports from Bulgaria, comprising 43% of total exports. The second position in the ranking was taken by Turkey ($X), with a 21% share of total exports. It was followed by Romania, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia totaled +105.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+12.6% per year) and Romania (+59.5% per year).

Export Prices by Country

In 2021, the average export price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, which is down by -65.7% against the previous year. Overall, the export price continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2014 an increase of 113%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Romania ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+8.6%), while the prices for the other major destinations experienced a decline.

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports into Bulgaria

In 2021, purchases abroad of paint, distemper, varnish or similar brushes, paint pads and rollers increased by 109% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers soared to $X in 2021. Overall, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X units) constituted the largest supplier of paint, distemper, varnish or similar brush, paint pad and roller to Bulgaria, accounting for a 44% share of total imports. Moreover, imports of paint, distemper, varnish or similar brushes, paint pads and rollers from Turkey exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. The Czech Republic (X units) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled +35.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+9.6% per year) and the Czech Republic (+4.7% per year).

In value terms, the Czech Republic ($X), Poland ($X) and Turkey ($X) were the largest paint, distemper, varnish or similar brush, paint pad and roller suppliers to Bulgaria, together accounting for 73% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +24.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, falling by -21.8% against the previous year. Over the period under review, the import price showed a slight reduction. The pace of growth was the most pronounced in 2016 an increase of 12% against the previous year. The import price peaked at $X per unit in 2020, and then plummeted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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