Bulgaria: Gypsum And Anhydrite Market 2024

Gypsum And Anhydrite Market Size in Bulgaria

The Bulgarian gypsum and anhydrite market rose sharply to $X in 2021, growing by 13% against the previous year. Overall, consumption saw a mild decrease. Gypsum and anhydrite consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Gypsum And Anhydrite Production in Bulgaria

In value terms, gypsum and anhydrite production surged to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 67% against the previous year. Gypsum and anhydrite production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Gypsum And Anhydrite Exports

Exports from Bulgaria

In 2021, approx. X tons of gypsum and anhydrite were exported from Bulgaria; picking up by 16% on 2020. Overall, exports posted a perceptible expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 183% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, gypsum and anhydrite exports soared to $X in 2021. In general, exports recorded moderate growth. The most prominent rate of growth was recorded in 2014 with an increase of 90%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Serbia (X tons) was the main destination for gypsum and anhydrite exports from Bulgaria, accounting for a 92% share of total exports. Moreover, gypsum and anhydrite exports to Serbia exceeded the volume sent to the second major destination, Romania (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Serbia stood at +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+25.9% per year) and the United Arab Emirates (+15,349.8% per year).

In value terms, Serbia ($X) remains the key foreign market for gypsum and anhydrite exports from Bulgaria, comprising 88% of total exports. The second position in the ranking was taken by Romania ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Serbia totaled +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+20.5% per year) and the United Arab Emirates (+642.9% per year).

Export Prices by Country

In 2021, the average gypsum and anhydrite export price amounted to $X per ton, surging by 6.2% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 48%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Romania ($X per ton), while the average price for exports to Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (-0.4%), while the prices for the other major destinations experienced a decline.

Gypsum And Anhydrite Imports

Imports into Bulgaria

Gypsum and anhydrite imports into Bulgaria expanded markedly to X tons in 2021, picking up by 8.7% against 2020 figures. Over the period under review, imports showed buoyant growth. The growth pace was the most rapid in 2015 with an increase of 30% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, gypsum and anhydrite imports skyrocketed to $X in 2021. In general, imports posted a resilient expansion. The pace of growth was the most pronounced in 2016 when imports increased by 29%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, North Macedonia (X tons) constituted the largest gypsum and anhydrite supplier to Bulgaria, accounting for a 77% share of total imports. Moreover, gypsum and anhydrite imports from North Macedonia exceeded the figures recorded by the second-largest supplier, Greece (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from North Macedonia stood at +23.6%.

In value terms, North Macedonia ($X) constituted the largest supplier of gypsum and anhydrite to Bulgaria, comprising 75% of total imports. The second position in the ranking was held by Greece ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from North Macedonia totaled +20.9%.

Import Prices by Country

In 2021, the average gypsum and anhydrite import price amounted to $X per ton, picking up by 7% against the previous year. Overall, the import price, however, recorded a slight shrinkage. The pace of growth appeared the most rapid in 2013 when the average import price increased by 8.3% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Greece ($X per ton), while the price for North Macedonia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+24.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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