Bulgaria: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in Bulgaria

The Bulgarian synthetic latex rubber market expanded rapidly to $X in 2022, increasing by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Synthetic latex rubber consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Synthetic Latex Rubber Production in Bulgaria

In value terms, synthetic latex rubber production rose remarkably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight expansion 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Synthetic Latex Rubber Exports

Exports from Bulgaria

Synthetic latex rubber exports from Bulgaria skyrocketed to X tons in 2022, picking up by X% on the previous year. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, synthetic latex rubber exports soared to $X in 2022. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Greece (X tons) was the main destination for synthetic latex rubber exports from Bulgaria, accounting for a X% share of total exports. Moreover, synthetic latex rubber exports to Greece exceeded the volume sent to the second major destination, Belarus (X tons), threefold. The third position in this ranking was held by North Macedonia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and North Macedonia (X% per year).

In value terms, the largest markets for synthetic latex rubber exported from Bulgaria were Greece ($X), Belarus ($X) and North Macedonia ($X), together accounting for X% of total exports.

Among the main countries of destination, Greece, with a CAGR of X%, recorded 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 synthetic latex rubber export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average 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 North Macedonia ($X per ton), while the average price for exports to Greece ($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 Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Latex Rubber Imports

Imports into Bulgaria

Synthetic latex rubber imports into Bulgaria fell to X tons in 2022, with a decrease of X% on 2021. In general, imports showed a mild descent. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, synthetic latex rubber imports shrank slightly to $X in 2022. Over the period under review, imports showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of synthetic latex rubber to Bulgaria, with a X% share of total imports. Moreover, synthetic latex rubber imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

In value terms, Poland ($X) constituted the largest supplier of synthetic latex rubber to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average synthetic latex rubber import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per ton) and Italy ($X per ton), while the price for Belgium ($X per ton) and Poland ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :