Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Bulgaria - 2023

Contents:

  1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Bulgaria (CIF) - 2023
  2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Bulgaria (FOB) - 2022
  3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Bulgaria
  4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Bulgaria

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Bulgaria (CIF) - 2023

In December 2023, the average import price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $919 per ton, waning by -3.1% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 527% against the previous month. As a result, import price attained the peak level of $5,743 per ton. From September 2023 to December 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Turkey ($14,540 per ton), while the price for Ukraine stood at $14,305 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Turkey (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Bulgaria (FOB) - 2022

In 2022, the average export price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $7,559 per ton, surging by 35% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2013 an increase of 35%. As a result, the export price reached the peak level of $7,761 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($15,178 per ton), while the average price for exports to Greece ($3,614 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 Armenia (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Bulgaria

For the fourth year in a row, Bulgaria recorded growth in purchases abroad of footwear; parts, outer soles and heels, of rubber or plasticses, which increased by 26% to 3.2K tons in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 109%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses declined to $5.6M in 2022. In general, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 11%.

Import of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Bulgaria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy7.64.24.73.5-22.8%
Turkey0.40.50.91.244.2%
Germany0.30.10.40.518.6%
Ukraine0.40.20.10.2-20.6%
Others0.90.60.30.3-30.7%
Total9.55.76.45.6-16.2%

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Bulgaria in 2022:

  1. Italy (1938.3 tons)
  2. Turkey (1054.2 tons)
  3. Germany (122.1 tons)
  4. Ukraine (41.9 tons)

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Bulgaria

Exports of footwear; parts, outer soles and heels, of rubber or plasticses from Bulgaria declined to 48 tons in 2022, shrinking by -5.5% on 2021 figures. Over the period under review, exports faced a deep setback. The smallest decline of -4.8% was in 2020.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses surged to $359K in 2022. In general, exports recorded a abrupt decline.

Export of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ArmeniaN/AN/A16.7136714.4%
United Kingdom11361.422.762.2-18.0%
Germany78.340.851.143.1-18.0%
Italy87.611569.738.9-23.7%
Belgium38.233.238.630.8-6.9%
Greece4.71836.716.050.4%
Netherlands18.89.617.514.6-8.1%
Sweden20.418.63.710.0-21.2%
Turkey56.430.03.82.9-62.8%
France26.223.727.80.3-77.5%
Others44.728.722.64.9-52.1%
Total489544281359-9.8%

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Bulgaria in 2022:

  1. Italy (9.8 tons)
  2. Armenia (8.9 tons)
  3. United Kingdom (8.8 tons)
  4. Germany (6.1 tons)
  5. Belgium (5.2 tons)
  6. Greece (4.4 tons)
  7. Netherlands (1.9 tons)
  8. Sweden (1.4 tons)
  9. Turkey (0.2 tons)

Source: IndexBox Market Intelligence Platform

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