Bulgaria: Bleached Sulphate Pulp Market 2025

Bleached Sulphate Pulp Market Size in Bulgaria

The Bulgarian bleached sulphate pulp market fell remarkably to $X in 2021, waning by -17.2% against the previous year. Over the period under review, consumption, however, posted prominent growth. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Bleached Sulphate Pulp Production in Bulgaria

In value terms, bleached sulphate pulp production surged to $X in 2021 estimated in export price. Over the period under review, production posted a perceptible expansion. The most prominent rate of growth was recorded in 2017 with an increase of 112% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Bleached Sulphate Pulp Exports

Exports from Bulgaria

In 2021, the amount of bleached sulphate pulp exported from Bulgaria skyrocketed to X tons, rising by 39% on the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, bleached sulphate pulp exports soared to $X in 2021. Over the period under review, total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -28.8% against 2018 indices. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for bleached sulphate pulp exports from Bulgaria, with a 40% share of total exports. Moreover, bleached sulphate pulp exports to Turkey exceeded the volume sent to the second major destination, Romania (X tons), twofold. Serbia (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey totaled +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+7.9% per year) and Serbia (+7.3% per year).

In value terms, Turkey ($X) remains the key foreign market for bleached sulphate pulp exports from Bulgaria, comprising 39% of total exports. The second position in the ranking was held by Romania ($X), with a 16% share of total exports. It was followed by Serbia, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Turkey stood at +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+9.6% per year) and Serbia (+8.6% per year).

Export Prices by Country

The average bleached sulphate pulp export price stood at $X per ton in 2021, with an increase of 38% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the highest price was recorded for prices to Germany ($X per ton) and Egypt ($X per ton), while the average price for exports to Serbia ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Bleached Sulphate Pulp Imports

Imports into Bulgaria

After two years of growth, overseas purchases of bleached sulphate pulp decreased by -55.7% to X tons in 2021. In general, imports faced a deep contraction. The growth pace was the most rapid in 2016 when imports increased by 66% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, bleached sulphate pulp imports fell remarkably to $X in 2021. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 68%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Greece (X tons) constituted the largest bleached sulphate pulp supplier to Bulgaria, accounting for a 54% share of total imports. Moreover, bleached sulphate pulp imports from Greece exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. The third position in this ranking was taken by Romania (X tons), with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Greece stood at +43.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-12.3% per year) and Romania (+19.0% per year).

In value terms, Greece ($X) constituted the largest supplier of bleached sulphate pulp to Bulgaria, comprising 52% of total imports. The second position in the ranking was held by Austria ($X), with an 18% share of total imports. It was followed by Romania, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Greece stood at +46.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-11.0% per year) and Romania (+22.3% per year).

Import Prices by Country

In 2021, the average bleached sulphate pulp import price amounted to $X per ton, rising by 44% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from the Czech Republic ($X per ton) and Sweden ($X per ton), while the price for Austria ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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