Bulgaria: Market for Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) 2024

Market Size for Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) in Bulgaria

The Bulgarian market for chemical wood pulp (soda and sulphate, other than dissolving grades) rose sharply to $X in 2021, growing by 12% against the previous year. In general, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.5% against 2019 indices. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) in Bulgaria

In value terms, production of chemical wood pulp (soda and sulphate, other than dissolving grades) soared to $X in 2021 estimated in export price. Over the period under review, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.6% 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 decreased by -17.8% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 53% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth remained at a lower figure.

Exports of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades)

Exports from Bulgaria

Exports of chemical wood pulp (soda and sulphate, other than dissolving grades) from Bulgaria surged to X tons in 2021, jumping by 39% against 2020 figures. In general, total exports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.1% 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 -18.6% against 2019 indices. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of chemical wood pulp (soda and sulphate, other than dissolving grades) skyrocketed to $X in 2021. Over the period under review, total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.7% 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 -27.5% against 2018 indices. Over the period under review, the exports of reached the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for exports of chemical wood pulp (soda and sulphate, other than dissolving grades) from Bulgaria, with a 40% share of total exports. Moreover, exports of chemical wood pulp (soda and sulphate, other than dissolving grades) 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 amounted to +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+8.0% per year) and Serbia (+7.3% per year).

In value terms, Turkey ($X) remains the key foreign market for chemical wood pulp (soda and sulphate, other than dissolving grades) exports from Bulgaria, comprising 39% of total exports. The second position in the ranking was held by Romania ($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 totaled +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+9.7% per year) and Serbia (+8.6% per year).

Export Prices by Country

In 2021, the average export price for chemical wood pulp (soda and sulphate, other than dissolving grades) amounted to $X per ton, with an increase of 38% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external 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.

Imports of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades)

Imports into Bulgaria

In 2021, supplies from abroad of chemical wood pulp (soda and sulphate, other than dissolving grades) decreased by -56.1% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports showed a abrupt slump. The pace of growth was the most pronounced in 2016 when imports increased by 66%. Over the period under review, imports of reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of chemical wood pulp (soda and sulphate, other than dissolving grades) dropped remarkably to $X in 2021. In general, imports recorded a abrupt setback. The growth pace was the most rapid in 2013 with an increase of 68%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, Greece (X tons) constituted the largest supplier of soda and sulphate chemical wood pulp to Bulgaria, accounting for a 54% share of total imports. Moreover, imports of chemical wood pulp (soda and sulphate, other than dissolving grades) from Greece exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. Romania (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from Greece totaled +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 ($X) constituted the largest supplier of chemical wood pulp (soda and sulphate, other than dissolving grades) to Bulgaria, comprising 52% of total imports. The second position in the ranking was held by Austria ($X), with an 18% share of total imports. It was followed by Romania, with a 9% share.

From 2012 to 2021, the average annual growth rate of value from Greece totaled +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

The average import price for chemical wood pulp (soda and sulphate, other than dissolving grades) stood at $X per ton in 2021, surging by 44% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were 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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