Bulgaria: Marble Building Stone Market 2024

Marble Building Stone Market Size in Bulgaria

The Bulgarian marble building stone market surged to $X in 2021, rising by 18% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Marble Building Stone Production in Bulgaria

In value terms, marble building stone production contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 increased by +58.7% against 2012 indices. The most prominent rate of growth was recorded in 2017 with an increase of 19%. Marble building stone production peaked at $X in 2020, and then fell slightly in the following year.

Marble Building Stone Exports

Exports from Bulgaria

For the third consecutive year, Bulgaria recorded growth in overseas shipments of marble building stone, which increased by 22% to X tons in 2021. The total export volume increased at an average annual rate of +4.7% from 2012 to 2021; however, 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.

In value terms, marble building stone exports surged to $X in 2021. In general, total exports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +61.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 48% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

North Macedonia (X tons) was the main destination for marble building stone exports from Bulgaria, accounting for a 37% share of total exports. Moreover, marble building stone exports to North Macedonia exceeded the volume sent to the second major destination, Ukraine (X tons), threefold. Kosovo (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to North Macedonia totaled +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+37.6% per year) and Kosovo (+101.2% per year).

In value terms, the largest markets for marble building stone exported from Bulgaria were North Macedonia ($X), Romania ($X) and Greece ($X), together comprising 58% of total exports. Kosovo, Serbia, Ukraine and Slovakia lagged somewhat behind, together accounting for a further 21%.

Kosovo, with a CAGR of +79.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average marble building stone export price stood at $X per ton in 2021, growing by 15% against the previous year. Overall, the export price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2017 an increase of 34% against the previous year. 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 stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Ukraine ($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 (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Marble Building Stone Imports

Imports into Bulgaria

Marble building stone imports into Bulgaria skyrocketed to X tons in 2021, with an increase of 31% against the year before. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 41% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, marble building stone imports soared to $X in 2021. In general, imports enjoyed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest marble building stone supplier to Bulgaria, with a 90% share of total imports. Moreover, marble building stone imports from Turkey exceeded the figures recorded by the second-largest supplier, Egypt (X tons), more than tenfold. Iran (X tons) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+45.9% per year) and Iran (+64.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of marble building stone to Bulgaria, comprising 82% of total imports. The second position in the ranking was held by Egypt ($X), with a 3.9% share of total imports. It was followed by Iran, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+38.9% per year) and Iran (+65.5% per year).

Import Prices by Country

The average marble building stone import price stood at $X per ton in 2021, rising by 2% against the previous year. Over the period under review, the import price, however, continues to indicate a deep slump. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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