Bulgaria: Glass Fibre Fabrics Market Overview 2021

Glass Fibre Fabrics Market Size in Bulgaria

In 2020, the Bulgarian glass fibre fabrics market decreased by -X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. From 2019 to 2020, the growth of the market remained at a somewhat lower figure.

Glass Fibre Fabrics Exports

Exports from Bulgaria

Glass fibre fabrics exports from Bulgaria skyrocketed to X tonnes in 2020, jumping by X% against the year before. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% year-to-year. Exports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, glass fibre fabrics exports skyrocketed to $X in 2020. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure in 2020 and are expected to retain growth in the near future.

Exports by Country

Romania (X tonnes) was the main destination for glass fibre fabrics exports from Bulgaria, accounting for a X% share of total exports. Moreover, glass fibre fabrics exports to Romania exceeded the volume sent to the second major destination, Greece (X tonnes), twofold. Italy (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Romania stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+X% per year) and Italy (+X% per year).

In value terms, the largest markets for glass fibre fabrics exported from Bulgaria were Romania ($X), Greece ($X) and Italy ($X), with a combined X% share of total exports. These countries were followed by Serbia, Macedonia and Hungary, which together accounted for a further X (+X% per year) saw the highest rates of growth with regard to the value of exports, among 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

In 2020, the average glass fibre fabrics export price amounted to $X per tonne, growing by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. The export price peaked at $X per tonne in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hungary, while the prices for the other major destinations experienced a decline.

Glass Fibre Fabrics Imports

Imports into Bulgaria

In 2020, supplies from abroad of glass fibre fabrics decreased by -X% to X tonnes for the first time since 2015, thus ending a four-year rising trend. In general, imports, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X tonnes in 2019, and then dropped rapidly in the following year.

In value terms, glass fibre fabrics imports contracted notably to $X in 2020. Overall, imports, however, posted tangible growth. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Imports peaked at $X in 2019, and then shrank dramatically in the following year.

Imports by Country

Latvia (X tonnes), the Czech Republic (X tonnes) and Moldova (X tonnes) were the main suppliers of glass fibre fabrics imports to Bulgaria, together comprising X% of total imports. Austria, Macedonia, Serbia, Hungary, China, Slovakia, Poland, Belarus and Romania lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Macedonia (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre fabrics suppliers to Bulgaria were Latvia ($X), Austria ($X) and the Czech Republic ($X), together comprising X% of total imports. Moldova, Macedonia, Serbia, China, Poland, Slovakia, Hungary, Romania and Belarus lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest rates of growth with regard to the value of imports, in terms of 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 2020, the average glass fibre fabrics import price amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2008; however, from 2009 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Austria ($X per tonne), while the price for Hungary ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Serbia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass fibre fabrics in the world?

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The country with the largest volume of glass fibre fabrics consumption was China (674K tonnes), comprising approx. 27% of total volume. Moreover, glass fibre fabrics consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (312K tonnes), twofold. The third position in this ranking was occupied by India (266K tonnes), with a 11% share.

What are the largest producers of glass fibre fabrics in the world?

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The country with the largest volume of glass fibre fabrics production was China (822K tonnes), comprising approx. 32% of total volume. Moreover, glass fibre fabrics production in China exceeded the figures recorded by the second-largest producer, the U.S. (307K tonnes), threefold. The third position in this ranking was occupied by India (260K tonnes), with a 10% share.

What are the leading suppliers of glass fibre fabrics to Bulgaria?

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In value terms, the largest glass fibre fabrics suppliers to Bulgaria were Latvia ($1.8M), Austria ($1.6M) and the Czech Republic ($1.1M), with a combined 68% share of total imports. These countries were followed by Moldova, Macedonia, Serbia, China, Poland, Slovakia, Hungary, Romania and Belarus, which together accounted for a further 27%.

What are the leading importers of glass fibre fabrics from Bulgaria?

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In value terms, Romania ($515K), Greece ($477K) and Italy ($385K) appeared to be the largest markets for glass fibre fabrics exported from Bulgaria worldwide, with a combined 87% share of total exports. These countries were followed by Serbia, Macedonia and Hungary, which together accounted for a further 9.6%.

What is the average export price for glass fibre fabrics in Bulgaria?

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In 2020, the average glass fibre fabrics export price amounted to $2,238 per tonne, surging by 12% against the previous year.

What is the average import price for glass fibre fabrics in Bulgaria?

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The average glass fibre fabrics import price stood at $3,021 per tonne in 2020, surging by 6.6% against the previous year.