Bulgaria: Wood Barrel Market 2025

Wood Barrel Market Size in Bulgaria

The Bulgarian wood barrel market surged to $X in 2022, with an increase of 40% against the previous year. Over the period under review, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Wood barrel consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Wood Barrel Production in Bulgaria

In value terms, wood barrel production fell to $X in 2022 estimated in export price. In general, production showed a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 71% against the previous year. Wood barrel production peaked at $X in 2021, and then dropped in the following year.

Wood Barrel Exports

Exports from Bulgaria

In 2022, shipments abroad of casks, barrels, vats, tubs, and coopers products of wood increased by 36% to X units, rising for the fourth consecutive year after four years of decline. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 902% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, wood barrel exports soared to $X in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 193% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Spain (X units) was the main destination for wood barrel exports from Bulgaria, with a 84% share of total exports. Moreover, wood barrel exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X units), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at +25.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+33.6% per year) and Portugal (+2.6% per year).

In value terms, Spain ($X) remains the key foreign market for casks, barrels, vats, tubs, and coopers products of wood exports from Bulgaria, comprising 86% of total exports. The second position in the ranking was taken by Portugal ($X), with a 4.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at +53.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+8.6% per year) and the Netherlands (-1.9% per year).

Export Prices by Country

In 2022, the average wood barrel export price amounted to $X per unit, shrinking by -6.5% against the previous year. In general, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 88%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Barrel Imports

Imports into Bulgaria

In 2022, supplies from abroad of casks, barrels, vats, tubs, and coopers products of wood increased by 535% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood barrel imports surged to $X in 2022. In general, imports posted temperate growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X units) constituted the largest wood barrel supplier to Bulgaria, accounting for a 87% share of total imports. Moreover, wood barrel imports from the United States exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +9.3%.

In value terms, the largest wood barrel suppliers to Bulgaria were the United States ($X) and France ($X).

The United States, with a CAGR of +8.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average wood barrel import price stood at $X per unit in 2022, declining by -61.8% against the previous year. Over the period under review, the import price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 175%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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