Bulgaria: Glass Fabric Market Overview 2020

Glass Fabric Market Size in Bulgaria

The revenue of the glass fabric market in Bulgaria amounted to $X in 2018, surging by X% 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). Overall, glass fabric consumption continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Glass fabric consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Glass Fabric Exports

Exports from Bulgaria

In 2018, the exports of woven fabrics (including narrow fabrics) of glass fibers from Bulgaria totaled X tonnes, falling by -X% against the previous year. Over the period under review, glass fabric exports, however, continue to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Exports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, glass fabric exports totaled $X in 2018. Over the period under review, glass fabric exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2011 when exports increased by X% against the previous year. Over the period under review, glass fabric exports attained their peak figure at $X in 2017, and then declined slightly in the following year.

Exports by Country

Greece (X tonnes) was the main destination for glass fabric exports from Bulgaria, accounting for a X% share of total exports. Moreover, glass fabric exports to Greece exceeded the volume sent to the second major destination, Poland (X tonnes), threefold. Macedonia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Greece amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and Macedonia (+X% per year).

In value terms, Greece ($X) remains the key foreign market for glass fabric exports from Bulgaria, comprising X% of total glass fabric exports. The second position in the ranking was occupied by Serbia ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Greece amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+X% per year) and Poland (+X% per year).

Export Prices by Country

The average glass fabric export price stood at $X per tonne in 2018, therefore, remained relatively stable against the previous year. Over the period under review, the glass fabric export price, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2014 an increase of X% year-to-year. The export price peaked at $X per tonne in 2008; however, from 2009 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Serbia ($X per tonne), while the average price for exports to Slovenia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Serbia, while the prices for the other major destinations experienced a decline.

Glass Fabric Imports

Imports into Bulgaria

Glass fabric imports into Bulgaria totaled X tonnes in 2018, picking up by X% against the previous year. In general, glass fabric imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, glass fabric imports amounted to $X in 2018. Over the period under review, glass fabric imports continue to indicate a remarkable expansion. The growth pace was the most rapid in 2016 when imports increased by X% year-to-year. Over the period under review, glass fabric imports attained their peak figure in 2018 and are likely to see steady growth in the near future.

Imports by Country

The Czech Republic (X tonnes), Latvia (X tonnes) and China (X tonnes) were the main suppliers of glass fabric imports to Bulgaria, with a combined X% share of total imports. These countries were followed by Poland, Hungary, Croatia, Slovakia, Romania, Slovenia, Turkey and Spain, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Romania (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X) constituted the largest supplier of glass fabric to Bulgaria, comprising X% of total glass fabric imports. The second position in the ranking was occupied by the Czech Republic ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Latvia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+X% per year) and China (-X% per year).

Import Prices by Country

The average glass fabric import price stood at $X per tonne in 2018, surging by X% against the previous year. Over the period under review, the glass fabric import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. The import price peaked at $X per tonne in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Latvia ($X per tonne), while the price for Slovenia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Croatia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform