Bulgaria: Market for Builders' Joinery And Carpentry Of Wood 2024

Market Size for Builders' Joinery And Carpentry Of Wood in Bulgaria

In 2021, after three years of decline, there was significant growth in the Bulgarian wooden joinery and carpentry market, when its value increased by 17% to $X. In general, consumption, however, continues to indicate strong growth. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Production of Builders' Joinery And Carpentry Of Wood in Bulgaria

In value terms, wooden joinery and carpentry production dropped dramatically to $X in 2021 estimated in export price. Overall, production showed a abrupt slump. The growth pace was the most rapid in 2017 when the production volume increased by 69% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell sharply in the following year.

Exports of Builders' Joinery And Carpentry Of Wood

Exports from Bulgaria

In 2021, overseas shipments of builders' joinery and carpentry of wood increased by 29% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, exports saw a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 44% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, wooden joinery and carpentry exports surged to $X in 2021. In general, exports posted a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 59%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Greece (X tons), Germany (X tons) and the UK (X tons) were the main destinations of wooden joinery and carpentry exports from Bulgaria, with a combined 78% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +37.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for builders' joinery and carpentry of wood exports from Bulgaria, comprising 50% of total exports. The second position in the ranking was taken by the UK ($X), with a 15% share of total exports. It was followed by Greece, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +46.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+28.4% per year) and Greece (+12.1% per year).

Export Prices by Country

The average wooden joinery and carpentry export price stood at $X per ton in 2021, dropping by -2.3% against the previous year. Over the period under review, the export price, however, continues to indicate mild growth. The growth pace was the most rapid in 2018 an increase of 32% against the previous year. The export price peaked at $X per ton in 2020, and then shrank slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Builders' Joinery And Carpentry Of Wood

Imports into Bulgaria

In 2021, the amount of builders' joinery and carpentry of wood imported into Bulgaria reached X tons, increasing by 12% against 2020. Over the period under review, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 33% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, wooden joinery and carpentry imports surged to $X in 2021. Overall, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Poland (X tons) and Turkey (X tons) were the main suppliers of wooden joinery and carpentry imports to Bulgaria, together comprising 47% of total imports. These countries were followed by Germany, Ukraine, Austria, Slovakia, Romania, Hungary and the Czech Republic, which together accounted for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +62.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), China ($X) and Turkey ($X) appeared to be the largest wooden joinery and carpentry suppliers to Bulgaria, together accounting for 47% of total imports. Austria, Ukraine, Germany, Romania, Hungary, Slovakia and the Czech Republic lagged somewhat behind, together accounting for a further 40%.

Ukraine, with a CAGR of +62.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wooden joinery and carpentry import price amounted to $X per ton, surging by 34% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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