Bulgaria: Wood Flat Pallet Market 2025

Wood Flat Pallet Market Size in Bulgaria

In 2021, the Bulgarian wood flat pallet market decreased by -2.9% to $X, falling for the second year in a row after eight years of growth. In general, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +9.4% 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 -15.2% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Wood Flat Pallet Production in Bulgaria

In value terms, wood flat pallet production rose rapidly to $X in 2021 estimated in export price. In general, production, however, recorded buoyant growth. The growth pace was the most rapid in 2013 with an increase of 37%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Wood Flat Pallet Exports

Exports from Bulgaria

In 2021, shipments abroad of flat pallets and pallet collars of wood increased by 49% to X units, rising for the second consecutive year after two years of decline. In general, exports saw a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood flat pallet exports skyrocketed to $X in 2021. Overall, exports saw strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Greece (X units), Italy (X units) and Romania (X units) were the main destinations of wood flat pallet exports from Bulgaria, together comprising 91% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +26.0%), while the other leaders experienced more modest paces of growth.

In value terms, Greece ($X) remains the key foreign market for flat pallets and pallet collars of wood exports from Bulgaria, comprising 54% of total exports. The second position in the ranking was held by Italy ($X), with a 25% share of total exports. It was followed by Romania, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Greece totaled +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+23.3% per year) and Romania (+26.1% per year).

Export Prices by Country

In 2021, the average wood flat pallet export price amounted to $X per unit, with an increase of 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2013 when the average export price increased by 28%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Flat Pallet Imports

Imports into Bulgaria

In 2021, purchases abroad of flat pallets and pallet collars of wood increased by 55% to X units, rising for the seventh consecutive year after two years of decline. Over the period under review, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 55%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, wood flat pallet imports skyrocketed to $X in 2021. Overall, imports recorded a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of wood flat pallet to Bulgaria, with a 40% share of total imports. Moreover, wood flat pallet imports from Italy exceeded the figures recorded by the second-largest supplier, Romania (X units), twofold. The third position in this ranking was held by Ukraine (X units), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+20.9% per year) and Ukraine (+51.5% per year).

In value terms, Italy ($X), Romania ($X) and Ukraine ($X) appeared to be the largest wood flat pallet suppliers to Bulgaria, with a combined 65% share of total imports.

Ukraine, with a CAGR of +58.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wood flat pallet import price amounted to $X per unit, jumping by 21% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood flat pallet import price decreased by -11.8% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 75%. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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