Bulgaria: Market for Wood Pulp, Excluding Mechanical Wood Pulp 2024

Market Size for Wood Pulp, Excluding Mechanical Wood Pulp in Bulgaria

For the third consecutive year, the Bulgarian market for wood pulp, excluding mechanical wood pulp recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption, however, saw a notable increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Wood Pulp, Excluding Mechanical Wood Pulp in Bulgaria

In value terms, production of wood pulp, excluding mechanical wood pulp fell markedly to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Wood Pulp, Excluding Mechanical Wood Pulp

Exports from Bulgaria

In 2022, the amount of wood pulp, excluding mechanical wood pulp exported from Bulgaria fell to X tons, remaining constant against the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of wood pulp, excluding mechanical wood pulp soared to $X in 2022. Overall, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X tons), Romania (X tons) and Serbia (X tons) were the main destinations of exports of wood pulp, excluding mechanical wood pulp from Bulgaria, with a combined X% share of total exports. Germany, Greece, Lebanon, Egypt and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lebanon (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Romania ($X) and Serbia ($X) constituted the largest markets for wood pulp, excluding mechanical wood pulp exported from Bulgaria worldwide, together accounting for X% of total exports. Germany, Greece, Lebanon, Egypt and Italy lagged somewhat behind, together comprising a further X%.

Lebanon, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average export price for wood pulp, excluding mechanical wood pulp amounted to $X per ton, jumping by X% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for wood pulp, excluding mechanical wood pulp increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and Lebanon ($X per ton), while the average price for exports to Italy ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Pulp, Excluding Mechanical Wood Pulp

Imports into Bulgaria

In 2022, purchases abroad of wood pulp, excluding mechanical wood pulp decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports faced a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of wood pulp, excluding mechanical wood pulp amounted to $X in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Greece (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of imports of wood pulp, excluding mechanical wood pulp to Bulgaria, with a combined X% share of total imports. Austria, Romania, the United States, Norway and the Czech Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of wood pulp, excluding mechanical wood pulp to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Greece ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average import price for wood pulp, excluding mechanical wood pulp amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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