Bulgaria: Clay Market 2024

Clay Market Size in Bulgaria

The Bulgarian clay market contracted to $X in 2023, declining by X% against the previous year. In general, consumption enjoyed buoyant growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Clay Production in Bulgaria

In value terms, clay production fell modestly to $X in 2023 estimated in export price. Over the period under review, production recorded a resilient increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Clay production peaked at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

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Clay Exports

Exports from Bulgaria

In 2023, after two years of growth, there was significant decline in overseas shipments of clays, when their volume decreased by X% to X tons. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2022, and then contracted in the following year.

In value terms, clay exports expanded notably to $X in 2023. Overall, total exports indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to see steady growth in the near future.

Exports by Country

Turkey (X tons) was the main destination for clay exports from Bulgaria, accounting for a X% share of total exports. Moreover, clay exports to Turkey exceeded the volume sent to the second major destination, Italy (X tons), twofold. The third position in this ranking was held by Egypt (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Egypt (X% per year).

In value terms, Turkey ($X) remains the key foreign market for clays exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with an X% share of total exports. It was followed by Egypt, with an X% share.

From 2012 to 2023, the average annual growth rate of value to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Egypt (X% per year).

Export Prices by Country

The average clay export price stood at $X per ton in 2023, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Clay Imports

Imports into Bulgaria

In 2023, purchases abroad of clays decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, clay imports reduced to $X in 2023. In general, imports, however, saw a measured increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at $X in 2022, and then dropped in the following year.

Imports by Country

Serbia (X tons), the UK (X tons) and Ukraine (X tons) were the main suppliers of clay imports to Bulgaria, together comprising X% of total imports. Austria, Turkey and the Czech Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of clays to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Ukraine ($X), with a X% share of total imports. It was followed by Serbia, with a X% share.

From 2012 to 2023, the average annual growth rate of value from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Serbia (X% per year).

Import Prices by Country

In 2023, the average clay import price amounted to $X per ton, surging by X% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, clay import price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform