Bulgaria: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Bulgaria

The Bulgarian market for articles of cellulose fibre-cement, not containing asbestos was estimated at $X in 2022, with an increase of 2.8% against the previous year. In general, consumption recorded a buoyant expansion. Consumption of peaked in 2022 and is expected to retain growth in years to come.

Production of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Bulgaria

In value terms, production of articles of cellulose fibre-cement, not containing asbestos reached $X in 2022 estimated in export price. In general, production posted a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 55%. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports from Bulgaria

In 2022, shipments abroad of articles of cellulose fibre-cement, not containing asbestos increased by 592% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 116,168%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos soared to $X in 2022. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2019 with an increase of 85,208% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Greece (X tons), Romania (X tons) and Serbia (X tons) were the main destinations of exports of articles of cellulose fibre-cement, not containing asbestos from Bulgaria, together accounting for 87% of total exports.

From 2013 to 2022, the biggest increases were recorded for Greece (with a CAGR of +48.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Greece ($X), Romania ($X) and Serbia ($X) constituted the largest markets for articles of cellulose fibre-cement, not containing asbestos exported from Bulgaria worldwide, with a combined 88% share of total exports.

Romania, with a CAGR of +58.8%, saw the highest rates of growth with regard to 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

The average export price for articles of cellulose fibre-cement, not containing asbestos stood at $X per ton in 2022, which is down by -5% against the previous year. Over the period under review, the export price, however, posted significant growth. The growth pace was the most rapid in 2016 when the average export price increased by 102%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bosnia and Herzegovina ($X per ton) and Greece ($X per ton), while the average price for exports to Georgia ($X per ton) and Azerbaijan ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+31.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports into Bulgaria

In 2022, imports of articles of cellulose fibre-cement, not containing asbestos into Bulgaria declined to X tons, which is down by -14.8% compared with the previous year's figure. Over the period under review, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 3,624%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos soared to $X in 2022. In general, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by 871%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of articles of cellulose fibre-cement, not containing asbestos to Bulgaria, accounting for a 66% share of total imports. Moreover, imports of articles of cellulose fibre-cement, not containing asbestos from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +206.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+528.4% per year) and Slovakia (+238.8% per year).

In value terms, China ($X) constituted the largest supplier of articles of cellulose fibre-cement, not containing asbestos to Bulgaria, comprising 63% of total imports. The second position in the ranking was taken by Turkey ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +248.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+150.3% per year) and Slovakia (+288.7% per year).

Import Prices by Country

In 2022, the average import price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, with an increase of 137% against the previous year. In general, the import price posted a resilient expansion. The growth pace was the most rapid in 2020 an increase of 249%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+14.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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