Bulgaria: Clay Market 2024

Clay Market Size in Bulgaria

In 2022, after two years of growth, there was significant decline in the Bulgarian clay market, when its value decreased by X% to $X. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped notably in the following year.

Clay Production in Bulgaria

In value terms, clay production rose to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Clay Exports

Exports from Bulgaria

Clay exports from Bulgaria reduced slightly to X tons in 2022, almost unchanged from 2021 figures. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then shrank slightly in the following year.

In value terms, clay exports soared to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) was the main destination for clay exports from Bulgaria, accounting for a X% share of total exports. Moreover, clay exports to Turkey exceeded the volume sent to the second major destination, Egypt (X tons), fivefold. The third position in this ranking was taken by Romania (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Romania (X% per year).

In value terms, Turkey ($X) remains the key foreign market for clays exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Romania (X% per year).

Export Prices by Country

In 2022, the average clay export price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Clay Imports

Imports into Bulgaria

After two years of growth, supplies from abroad of clays decreased by X% to X tons in 2022. Over the period under review, imports, however, continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank rapidly in the following year.

In value terms, clay imports amounted to $X in 2022. In general, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Turkey (X tons), the UK (X tons) and Serbia (X tons) were the main suppliers of clay imports to Bulgaria, together comprising X% of total imports. The Czech Republic, Austria, Romania and Ukraine lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of clays to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Serbia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Serbia (X% per year).

Import Prices by Country

In 2022, the average clay import price amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clay import price increased by X% against 2020 indices. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 Austria ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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