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Bulgaria - Flat Glass - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBulgaria: Flat Glass Market 2024
Flat Glass Market Size in Bulgaria
The Bulgarian flat glass market reduced remarkably to $X in 2021, waning by -52.7% against the previous year. Overall, consumption saw a noticeable setback. Flat glass consumption peaked at $X in 2020, and then plummeted in the following year.
Flat Glass Production in Bulgaria
In value terms, flat glass production reduced to $X in 2021 estimated in export price. Overall, production, however, showed a strong expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by 43% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.
Flat Glass Exports
Exports from Bulgaria
In 2021, shipments abroad of flat glass increased by 16% to X tons, rising for the second year in a row after three years of decline. In general, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 42%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.
In value terms, flat glass exports soared to $X in 2021. Overall, exports showed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports by Country
Romania (X tons), Turkey (X tons) and Serbia (X tons) were the main destinations of flat glass exports from Bulgaria, with a combined 62% share of total exports. These countries were followed by Ukraine, Greece, North Macedonia, Hungary, Albania, Kosovo, Bosnia and Herzegovina, Moldova and the Netherlands, which together accounted for a further 32%.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kosovo (with a CAGR of +86.6%), while the other leaders experienced more modest paces of growth.
In value terms, Romania ($X) remains the key foreign market for flat glass exports from Bulgaria, comprising 35% of total exports. The second position in the ranking was taken by Turkey ($X), with a 16% share of total exports. It was followed by Serbia, with a 9.8% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Romania totaled +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+37.9% per year) and Serbia (+10.2% per year).
Export Prices by Country
In 2021, the average flat glass export price amounted to $X per ton, surging by 32% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably country of destination: the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kosovo (+47.0%), while the prices for the other major destinations experienced more modest paces of growth.
Flat Glass Imports
Imports into Bulgaria
In 2021, purchases abroad of flat glass was finally on the rise to reach X tons after three years of decline. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 63% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.
In value terms, flat glass imports surged to $X in 2021. Overall, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 60%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, Romania (X tons) constituted the largest flat glass supplier to Bulgaria, accounting for a 46% share of total imports. Moreover, flat glass imports from Romania exceeded the figures recorded by the second-largest supplier, Hungary (X tons), threefold. The third position in this ranking was held by Iran (X tons), with a 10% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from Romania was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+13.5% per year) and Iran (+41.0% per year).
In value terms, Romania ($X) constituted the largest supplier of flat glass to Bulgaria, comprising 44% of total imports. The second position in the ranking was held by Hungary ($X), with a 16% share of total imports. It was followed by Belgium, with a 6.4% share.
From 2012 to 2021, the average annual growth rate of value from Romania stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+8.5% per year) and Belgium (-2.3% per year).
Import Prices by Country
In 2021, the average flat glass import price amounted to $X per ton, surging by 26% against the previous year. In general, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, flat glass import price increased by +53.6% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the flat glass market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23111110 - Non-wired sheets, of cast or rolled glass, whether or not with absorbent, reflecting or non-reflecting layer, but not otherwise worked
- Prodcom 23111130 - Wired sheets or profiles, of cast or rolled glass, whether or not with absorbent, reflecting or non-reflecting layer, but not otherwise worked
- Prodcom 23111150 - Sheets, of drawn glass or blown glass, whether or not having an absorbent, reflecting or non-reflecting layer, but not otherwise worked
- Prodcom 23111212 - Non-wired sheets, of float, surface ground or polished glass, h aving a non-reflecting layer
- Prodcom 23111214 - Non-wired sheets, of float, surface ground or polished glass, h aving an absorbent or reflective layer, of a thickness . 3,5 mm
- Prodcom 23111217 - Non-wired sheets, of float, surface ground or polished glass, h aving an absorbent or reflecting layer, not otherwise worked, o f a thickness > 3,5 mm
- Prodcom 23111230 - Non-wired sheets, of float, surface ground or polished glass, c oloured throughout the mass, opacified, flashed or merely surface ground
- Prodcom 23111290 - Other sheets of float/ground/polished glass, n.e.c.
Country coverage:
- Bulgaria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bulgaria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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