Bulgaria: Polyamide Market 2024

Polyamide Market Size in Bulgaria

In 2023, after two years of growth, there was significant decline in the Bulgarian polyamide market, when its value decreased by X% to $X. In general, consumption, however, enjoyed a resilient increase. Over the period under review, the market reached the maximum level at $X in 2022, and then contracted remarkably in the following year.

Polyamide Production in Bulgaria

In value terms, polyamide production contracted to $X in 2023 estimated in export price. In general, production, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Polyamide Exports

Exports from Bulgaria

In 2023, shipments abroad of polyamides (in primary forms) decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, polyamide exports soared to $X in 2023. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked in 2023 and are expected to retain growth in the near future.

Exports by Country

Turkey (X tons), Mexico (X tons) and Serbia (X tons) were the main destinations of polyamide exports from Bulgaria, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Mexico ($X) and Serbia ($X) constituted the largest markets for polyamide exported from Bulgaria worldwide, with a combined X% share of total exports.

Mexico, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polyamide export price stood at $X per ton in 2023, increasing by X% against the previous year. In general, the export price, however, continues to indicate a noticeable slump. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Polyamide Imports

Imports into Bulgaria

In 2023, purchases abroad of polyamides (in primary forms) decreased by X% to X tons, falling for the second year in a row after ten years of growth. Over the period under review, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, polyamide imports contracted markedly to $X in 2023. Overall, imports, however, enjoyed prominent growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then dropped notably in the following year.

Imports by Country

Germany (X tons), Italy (X tons) and Belgium (X tons) were the main suppliers of polyamide imports to Bulgaria, together accounting for X% of total imports. Turkey, Poland, the Netherlands, France, Spain, Israel, the Czech Republic, Hungary and Greece lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyamide suppliers to Bulgaria were Germany ($X), Italy ($X) and Belgium ($X), together accounting for X% of total imports. The Netherlands, Poland, Turkey, France, Spain, Israel, Hungary, the Czech Republic and Greece lagged somewhat behind, together accounting for a further X%.

Israel, 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 2023, the average polyamide import price amounted to $X per ton, waning by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform