Bulgaria: Chalk Market 2022

Chalk Market Size in Bulgaria

The Bulgarian chalk market contracted modestly to $X in 2021, remaining stable against the previous year. Overall, consumption, however, continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 7.5% against the previous year. Chalk consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Chalk Production in Bulgaria

In value terms, chalk production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 20%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Chalk Exports

Exports from Bulgaria

In 2020, the amount of chalks exported from Bulgaria fell dramatically to X kg, which is down by -98.5% on 2019 figures. Overall, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of 2,474% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2020, the exports remained at a lower figure.

In value terms, chalk exports declined rapidly to $X in 2020. In general, exports, however, recorded a pronounced increase. The growth pace was the most rapid in 2013 when exports increased by 2,132%. The exports peaked at $X in 2016; however, from 2017 to 2020, the exports failed to regain momentum.

Exports by Country

Georgia (X kg) was the main destination for chalk exports from Bulgaria, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Georgia totaled +110.3%.

In value terms, Georgia ($X) emerged as the key foreign market for chalk exports from Bulgaria.

From 2012 to 2020, the average annual growth rate of value to Georgia totaled +121.4%.

Export Prices by Country

In 2020, the average chalk export price amounted to $X per ton, growing by 498% against the previous year. Over the period under review, the export price enjoyed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2020, the rate of growth in terms of prices for the Czech Republic amounted to +10.3% per year.

Chalk Imports

Imports into Bulgaria

In 2021, overseas purchases of chalks decreased by -27.2% to X tons, falling for the third year in a row after two years of growth. Overall, imports saw a sharp contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 25%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, chalk imports contracted rapidly to $X in 2021. In general, imports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by 46% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Greece (X tons) constituted the largest chalk supplier to Bulgaria, accounting for a 89% share of total imports. Moreover, chalk imports from Greece exceeded the figures recorded by the second-largest supplier, Germany (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Greece stood at -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-47.3% per year) and Romania (+17.0% per year).

In value terms, Greece ($X) constituted the largest supplier of chalk to Bulgaria, comprising 82% of total imports. The second position in the ranking was held by Romania ($X), with a 9.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Greece was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+5.4% per year) and Germany (-46.9% per year).

Import Prices by Country

In 2021, the average chalk import price amounted to $X per ton, surging by 7.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2018 an increase of 40%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Romania ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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