Report Update Nov 1, 2024

Bulgaria - Abrasives (Natural) - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Abrasives Market 2024

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) :

What are the largest markets for abrasives (natural) in the world?

The country with the largest volume of abrasives consumption was Turkey, comprising approx. 44% of total volume. Moreover, abrasives consumption in Turkey exceeded the figures recorded by the second-largest consumer, China, fourfold. India ranked third in terms of total consumption with a 5.2% share.

What are the largest producers of abrasives (natural) in the world?

The country with the largest volume of abrasives production was Turkey, comprising approx. 43% of total volume. Moreover, abrasives production in Turkey exceeded the figures recorded by the second-largest producer, Greece, fourfold. The third position in this ranking was occupied by China, with a 9% share.

What are the leading suppliers of abrasives (natural) to Bulgaria?

In value terms, the largest abrasives suppliers to Bulgaria were Malaysia, Greece and Turkey, with a combined 79% share of total imports.

What is the average export price for abrasives (natural) in Bulgaria?

The average abrasives export price stood at $308 per ton in 2021, with a decrease of -12.2% against the previous year.

What is the average import price for abrasives (natural) in Bulgaria?

In 2021, the average abrasives import price amounted to $116 per ton, stabilizing at the previous year.

This report provides an in-depth analysis of the abrasives market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 08992200 - Industrial diamonds, unworked or simply sawn, cleaved or bruted, pumice stone, emery, natural corundum, natural garnet and other natural abrasives
Prodcom 08992220 -
Prodcom 08992230 -

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023