Bulgaria: Market for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in Bulgaria

For the third year in a row, the Bulgarian aqueous paint and varnish market recorded growth in sales value, which increased by X% to $X in 2022. Overall, the total consumption indicated notable 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, consumption increased by X% against 2019 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Production of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in Bulgaria

In value terms, aqueous paint and varnish production reached $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Exports from Bulgaria

For the third year in a row, Bulgaria recorded decline in shipments abroad of paints and varnishes dispersed or dissolved in an aqueous medium, which decreased by X% to X tons in 2022. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, aqueous paint and varnish exports amounted to $X in 2022. Overall, exports, however, posted a modest expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X tons) was the main destination for aqueous paint and varnish exports from Bulgaria, accounting for a X% share of total exports. Moreover, aqueous paint and varnish exports to Romania exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. Moldova (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Moldova (X% per year).

In value terms, Romania ($X) remains the key foreign market for paints and varnishes dispersed or dissolved in an aqueous medium exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average aqueous paint and varnish export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price saw a prominent increase. The growth pace was the most rapid in 2021 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

Imports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Imports into Bulgaria

In 2022, imports of paints and varnishes dispersed or dissolved in an aqueous medium into Bulgaria rose to X tons, with an increase of X% on 2021 figures. In general, total imports indicated a buoyant expansion from 2012 to 2022: its volume 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 2019 indices. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, aqueous paint and varnish imports rose to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Greece (X tons) constituted the largest aqueous paint and varnish supplier to Bulgaria, accounting for a X% share of total imports. Moreover, aqueous paint and varnish imports from Greece exceeded the figures recorded by the second-largest supplier, Romania (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Greece amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Italy (X% per year).

In value terms, Greece ($X) constituted the largest supplier of paints and varnishes dispersed or dissolved in an aqueous medium to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Greece amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Romania (X% per year).

Import Prices by Country

In 2022, the average aqueous paint and varnish import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price showed a mild curtailment. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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