Report Update Nov 1, 2024

Bulgaria - Bituminous Mixtures - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Bulgaria

The Bulgarian bituminous mixtures market reached $X in 2021, remaining relatively unchanged against the previous year. Over the period under review, consumption enjoyed a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Bituminous Mixtures Production in Bulgaria

In value terms, bituminous mixtures production reduced to $X in 2021 estimated in export price. Over the period under review, production saw a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 82%. Bituminous mixtures production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Bituminous Mixtures Exports

Exports from Bulgaria

In 2021, shipments abroad of bituminous mixtures decreased by -56.9% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2017 with an increase of 1,977%. The exports peaked at X tons in 2020, and then declined dramatically in the following year.

In value terms, bituminous mixtures exports fell notably to $X in 2021. Over the period under review, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2017 with an increase of 1,058%. Over the period under review, the exports attained the peak figure at $X in 2020, and then declined notably in the following year.

Exports by Country

Romania (X tons) was the main destination for bituminous mixtures exports from Bulgaria, accounting for a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Romania totaled +57.1%.

In value terms, Romania ($X) also remains the key foreign market for bituminous mixtures exports from Bulgaria.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania amounted to +52.5%.

Export Prices by Country

The average bituminous mixtures export price stood at $X per ton in 2021, jumping by 47% against the previous year. In general, the export price, however, continues to indicate a abrupt downturn. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Romania.

From 2012 to 2021, the rate of growth in terms of prices for Romania amounted to -2.9% per year.

Bituminous Mixtures Imports

Imports into Bulgaria

In 2021, after two years of growth, there was significant decline in purchases abroad of bituminous mixtures, when their volume decreased by -32% to X tons. In general, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by 685%. Imports peaked at X tons in 2020, and then contracted markedly in the following year.

In value terms, bituminous mixtures imports skyrocketed to $X in 2021. Overall, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 357% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Greece (X tons) constituted the largest bituminous mixtures supplier to Bulgaria, accounting for a 90% share of total imports. It was followed by Russia (X tons), with a 2.5% share of total imports. The United States (X tons) ranked third in terms of total imports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume from Greece totaled +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+6.4% per year) and the United States (+68.7% per year).

In value terms, Greece ($X) constituted the largest supplier of bituminous mixtures to Bulgaria, comprising 76% of total imports. The second position in the ranking was held by the United States ($X), with a 6.6% share of total imports. It was followed by Russia, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value from Greece amounted to +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+68.2% per year) and Russia (+6.6% per year).

Import Prices by Country

In 2021, the average bituminous mixtures import price amounted to $X per ton, jumping by 81% against the previous year. Overall, the import price, however, recorded a noticeable shrinkage. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.6%), 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 bituminous mixtures in the world?

China remains the largest bituminous mixtures consuming country worldwide, comprising approx. 23% of total volume. Moreover, bituminous mixtures consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.8% share.

What are the largest producers of bituminous mixtures in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 39% of global production. These countries were followed by Japan, France, Russia, Brazil, Indonesia, Italy, the UK, South Korea, Iran and Saudi Arabia, which together accounted for a further 33%.

What are the leading suppliers of bituminous mixtures to Bulgaria?

In value terms, Greece constituted the largest supplier of bituminous mixtures to Bulgaria, comprising 76% of total imports. The second position in the ranking was occupied by the United States, with a 6.6% share of total imports. It was followed by Russia, with a 4.2% share.

What are the leading importers of bituminous mixtures from Bulgaria?

In value terms, Romania remains the key foreign market for bituminous mixtures exports from Bulgaria.

What is the average export price for bituminous mixtures in Bulgaria?

In 2021, the average bituminous mixtures export price amounted to $516 per ton, with an increase of 47% against the previous year.

What is the average import price for bituminous mixtures in Bulgaria?

The average bituminous mixtures import price stood at $564 per ton in 2021, increasing by 81% against the previous year.

This report provides an in-depth analysis of the bituminous mixtures 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 23991310 - Bituminous mixtures based on natural and artificial aggregate and bitumen or natural asphalt as a binder

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