Bulgaria: Industrial Roundwood (Coniferous) Market 2024

Industrial Roundwood (Coniferous) Market Size in Bulgaria

The Bulgarian industrial roundwood (coniferous) market contracted to $X in 2022, dropping by -2.3% against the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Industrial Roundwood (Coniferous) Production in Bulgaria

In value terms, industrial roundwood (coniferous) production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 24%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Industrial Roundwood (Coniferous) Exports

Exports from Bulgaria

Industrial roundwood (coniferous) exports from Bulgaria contracted notably to X cubic meters in 2022, waning by -76.8% on the year before. In general, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 125% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial roundwood (coniferous) exports declined rapidly to $X in 2022. Overall, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 88% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X cubic meters), Romania (X cubic meters) and North Macedonia (X cubic meters) were the main destinations of industrial roundwood (coniferous) exports from Bulgaria, together comprising 93% of total exports.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of -12.5%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for industrial roundwood (coniferous) exported from Bulgaria were Greece ($X), North Macedonia ($X) and Romania ($X), with a combined 94% share of total exports.

North Macedonia, with a CAGR of -11.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average industrial roundwood (coniferous) export price stood at $X per cubic meter in 2022, growing by 19% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood (coniferous) export price increased by +38.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 22% against the previous year. Over the period under review, the average export prices reached the maximum at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Roundwood (Coniferous) Imports

Imports into Bulgaria

In 2022, approx. X cubic meters of industrial roundwood (coniferous) were imported into Bulgaria; with an increase of 17% against the previous year. In general, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 420% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, industrial roundwood (coniferous) imports soared to $X in 2022. Over the period under review, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 818% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Romania (X cubic meters), the Czech Republic (X cubic meters) and Austria (X cubic meters) were the main suppliers of industrial roundwood (coniferous) imports to Bulgaria, together comprising 96% of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +19.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Romania ($X) constituted the largest supplier of industrial roundwood (coniferous) to Bulgaria, comprising 78% of total imports. The second position in the ranking was held by the Czech Republic ($X), with an 11% share of total imports. It was followed by Austria, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Romania stood at +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-64.8% per year) and Austria (-32.3% per year).

Import Prices by Country

In 2022, the average industrial roundwood (coniferous) import price amounted to $X per cubic meter, increasing by 30% against the previous year. Over the period under review, the import price enjoyed a notable expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 95%. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($X per cubic meter), while the price for Greece ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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