Bulgaria: Industrial Roundwood (Non-Coniferous) Market 2025

Industrial Roundwood (Non-Coniferous) Market Size in Bulgaria

The Bulgarian industrial roundwood (non-coniferous) market reduced slightly to $X in 2022, waning by -3.9% against the previous year. In general, consumption saw a slight increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Production in Bulgaria

In value terms, industrial roundwood (non-coniferous) production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by 58% against the previous year. Industrial roundwood (non-coniferous) production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Industrial Roundwood (Non-Coniferous) Exports

Exports from Bulgaria

In 2022, overseas shipments of industrial roundwood decreased by -41.9% to X cubic meters, falling for the third consecutive year after two years of growth. Overall, exports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2014 with an increase of 168%. As a result, the exports attained the peak of X cubic meters. From 2015 to 2022, the growth of the (non-coniferous) exports failed to regain momentum.

In value terms, industrial roundwood (non-coniferous) exports skyrocketed to $X in 2022. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by 152%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the (non-coniferous) exports remained at a lower figure.

Exports by Country

Greece (X cubic meters), China (X cubic meters) and Turkey (X cubic meters) were the main destinations of industrial roundwood (non-coniferous) exports from Bulgaria, together comprising 96% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +40.7%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for industrial roundwood (non-coniferous) exported from Bulgaria were Turkey ($X), China ($X) and Greece ($X), together accounting for 97% of total exports.

Among the main countries of destination, China, with a CAGR of +47.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average industrial roundwood (non-coniferous) export price amounted to $X per cubic meter, increasing by 101% against the previous year. Overall, the export price showed buoyant growth. The growth pace was the most rapid in 2021 an increase of 132% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood (Non-Coniferous) Imports

Imports into Bulgaria

In 2022, industrial roundwood (non-coniferous) imports into Bulgaria surged to X cubic meters, picking up by 121% on the year before. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 152%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, industrial roundwood (non-coniferous) imports surged to $X in 2022. Overall, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Romania (X cubic meters) was the main supplier of industrial roundwood (non-coniferous) to Bulgaria, accounting for a 91% share of total imports. Moreover, industrial roundwood (non-coniferous) imports from Romania exceeded the figures recorded by the second-largest supplier, Greece (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Romania totaled +5.9%.

In value terms, Romania ($X) constituted the largest supplier of industrial roundwood to Bulgaria, comprising 84% of total imports. The second position in the ranking was held by Greece ($X), with a 4.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Romania stood at +15.2%.

Import Prices by Country

In 2022, the average industrial roundwood (non-coniferous) import price amounted to $X per cubic meter, with an increase of 12% against the previous year. In general, the import price showed a resilient increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 68% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2018 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per cubic meter), while the price for Greece totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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