Bulgaria: Abrasives Market 2025

Abrasives Market Size in Bulgaria

In 2021, the Bulgarian abrasives market decreased by -17.8% to $X, falling for the second year in a row after five years of growth. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Abrasives Production in Bulgaria

In value terms, abrasives production totaled $X in 2021 estimated in export price. Over the period under review, production saw a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 63% against the previous year. Abrasives production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Abrasives Exports

Exports from Bulgaria

In 2021, approx. X tons of abrasives (natural) were exported from Bulgaria; growing by 6,729% against 2020. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, abrasives exports soared to $X in 2021. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 2,052% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X tons) was the main destination for abrasives exports from Bulgaria, accounting for a 100% share of total exports. It was followed by North Macedonia (X tons), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to France was relatively modest.

In value terms, France ($X) emerged as the key foreign market for abrasives (natural) exports from Bulgaria, comprising 99% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a 0.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to France was relatively modest.

Export Prices by Country

In 2021, the average abrasives export price amounted to $X per ton, reducing by -76.4% against the previous year. In general, the export price showed a precipitous setback. The pace of growth was the most pronounced in 2013 when the average export price increased by 408% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to France stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+2.8%).

Abrasives Imports

Imports into Bulgaria

In 2021, purchases abroad of abrasives (natural) increased by 32% to X tons, rising for the second year in a row after four years of decline. In general, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 when imports increased by 38%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, abrasives imports declined rapidly to $X in 2021. Overall, imports, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2020 with an increase of 45% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Greece (X tons) constituted the largest supplier of abrasives to Bulgaria, with a 80% share of total imports. Moreover, abrasives imports from Greece exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), ninefold. The third position in this ranking was taken by Turkey (X tons), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Greece stood at +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+97.0% per year) and Turkey (-20.4% per year).

In value terms, the largest abrasives suppliers to Bulgaria were Malaysia ($X), Greece ($X) and Turkey ($X), together accounting for 80% of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of +141.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average abrasives import price stood at $X per ton in 2021, waning by -36.9% against the previous year. Overall, the import price, however, saw noticeable growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 132% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Malaysia ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+32.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :