Bulgaria: Market for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone 2024

Market Size for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Bulgaria

The Bulgarian market for building blocks and bricks of cement, concrete or artificial stone rose modestly to $X in 2021, with an increase of 1.7% against the previous year. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2021: its value 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, consumption increased by +80.6% against 2012 indices. Consumption of peaked in 2021 and is likely to see steady growth in years to come.

Production of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Bulgaria

In value terms, production of building blocks and bricks of cement, concrete or artificial stone stood at $X in 2021 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +75.4% against 2015 indices. The growth pace was the most rapid in 2020 when the production volume increased by 23%. Production of peaked in 2021 and is likely to see steady growth in the immediate term.

Exports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Exports from Bulgaria

After six years of growth, shipments abroad of building blocks and bricks of cement, concrete or artificial stone decreased by -1.7% to X tons in 2021. Overall, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2019 when exports increased by 27% against the previous year. The exports peaked at X tons in 2020, and then shrank in the following year.

In value terms, exports of building blocks and bricks of cement, concrete or artificial stone reduced to $X in 2021. Over the period under review, total exports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by 32% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2020, and then reduced in the following year.

Exports by Country

Romania (X tons) was the main destination for exports of building blocks and bricks of cement, concrete or artificial stone from Bulgaria, accounting for a 64% share of total exports. Moreover, exports of building blocks and bricks of cement, concrete or artificial stone to Romania exceeded the volume sent to the second major destination, North Macedonia (X tons), threefold. The third position in this ranking was taken by Greece (X tons), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania amounted to +59.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+9.6% per year) and Greece (-4.0% per year).

In value terms, Romania ($X), Greece ($X) and North Macedonia ($X) were the largest markets for building blocks and bricks of cement, concrete or artificial stone exported from Bulgaria worldwide, together comprising 84% of total exports. These countries were followed by Spain, which accounted for a further 5.3%.

Among the main countries of destination, Spain, with a CAGR of +93.1%, recorded the highest rates of growth with regard to the value of exports, 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 building blocks and bricks of cement, concrete or artificial stone stood at $X per ton in 2021, with a decrease of -10.6% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The pace of growth was the most pronounced in 2014 when the average export price increased by 19% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Greece ($X per ton), while the average price for exports to Romania ($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 Italy (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Imports into Bulgaria

In 2021, overseas purchases of building blocks and bricks of cement, concrete or artificial stone increased by 84% to X tons, rising for the second consecutive year after two years of decline. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 140% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, imports of building blocks and bricks of cement, concrete or artificial stone soared to $X in 2021. In general, imports posted resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of building blocks and bricks of cement, concrete or artificial stone to Bulgaria, with a 67% share of total imports. Moreover, imports of building blocks and bricks of cement, concrete or artificial stone from Turkey exceeded the figures recorded by the second-largest supplier, Romania (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +29.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+12.4% per year) and Greece (+15.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of building blocks and bricks of cement, concrete or artificial stone to Bulgaria, comprising 56% of total imports. The second position in the ranking was held by Romania ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+15.2% per year) and Greece (+21.3% per year).

Import Prices by Country

In 2021, the average import price for building blocks and bricks of cement, concrete or artificial stone amounted to $X per ton, which is down by -13.8% against the previous year. In general, the import price saw a pronounced curtailment. The pace of growth was the most pronounced in 2019 an increase of 42% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Greece ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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