Bulgaria: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Bulgaria

The Bulgarian rolled bitumen articles market skyrocketed to $X in 2021, growing by 19% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Rolled bitumen articles consumption peaked in 2021 and is likely to continue growth in the near future.

Rolled Bitumen Articles Production in Bulgaria

In value terms, rolled bitumen articles production stood at $X in 2021 estimated in export price. Over the period under review, production, however, faced a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of 34% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Rolled Bitumen Articles Exports

Exports from Bulgaria

In 2021, shipments abroad of articles of bitumen in rolls decreased by -28.9% to X square meters, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 319% against the previous year. Over the period under review, the exports attained the maximum at X square meters in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, rolled bitumen articles exports fell sharply to $X in 2021. Overall, exports showed a abrupt decline. The pace of growth was the most pronounced in 2015 when exports increased by 254%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Greece (X square meters) was the main destination for rolled bitumen articles exports from Bulgaria, accounting for a 70% share of total exports. Moreover, rolled bitumen articles exports to Greece exceeded the volume sent to the second major destination, Belgium (X square meters), fourfold. Germany (X square meters) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece amounted to -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+2.7% per year) and Germany (-23.8% per year).

In value terms, Greece ($X) emerged as the key foreign market for articles of bitumen in rolls exports from Bulgaria, comprising 55% of total exports. The second position in the ranking was held by Belgium ($X), with a 16% share of total exports. It was followed by Romania, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to Greece stood at -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-9.2% per year) and Romania (-12.4% per year).

Export Prices by Country

The average rolled bitumen articles export price stood at $X per square meter in 2021, with a decrease of -36.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 135%. As a result, the export price attained the peak level of $X per square meter, and then dropped rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per square meter), while the average price for exports to Greece ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+49.3%), while the prices for the other major destinations experienced more modest paces of growth.

Rolled Bitumen Articles Imports

Imports into Bulgaria

In 2021, the amount of articles of bitumen in rolls imported into Bulgaria surged to X square meters, rising by 20% against the year before. In general, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +9.6% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of 29%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, rolled bitumen articles imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X square meters) constituted the largest rolled bitumen articles supplier to Bulgaria, with a 57% share of total imports. Moreover, rolled bitumen articles imports from Russia exceeded the figures recorded by the second-largest supplier, Romania (X square meters), threefold. Italy (X square meters) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Russia amounted to +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+0.8% per year) and Italy (+0.5% per year).

In value terms, Russia ($X) constituted the largest supplier of articles of bitumen in rolls to Bulgaria, comprising 45% of total imports. The second position in the ranking was taken by Romania ($X), with a 21% share of total imports. It was followed by Italy, with an 18% share.

From 2012 to 2021, the average annual growth rate of value from Russia totaled +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+0.5% per year) and Italy (+0.3% per year).

Import Prices by Country

In 2021, the average rolled bitumen articles import price amounted to $X per square meter, growing by 3.6% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 9.4% against the previous year. The import price peaked at $X per square meter in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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