Bulgaria: Natural Sand Market 2022

Natural Sand Market Size in Bulgaria

The Bulgarian natural sand market declined slightly to $X in 2021, dropping by -4.6% against the previous year. In general, consumption recorded a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Natural Sand Production in Bulgaria

In value terms, natural sand production shrank slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 13%. Natural sand production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Natural Sand Exports

Exports from Bulgaria

In 2021, natural sand exports from Bulgaria soared to X tons, jumping by 36% against the previous year's figure. Overall, total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +9.7% 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 +56.2% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 47% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, natural sand exports amounted to $X in 2021. The total export value increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 36%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tons) was the main destination for natural sand exports from Bulgaria, with a 80% share of total exports. Moreover, natural sand exports to Romania exceeded the volume sent to the second major destination, Turkey (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania amounted to +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+21.3% per year) and Greece (-2.9% per year).

In value terms, Romania ($X) remains the key foreign market for natural sand exports from Bulgaria, comprising 74% of total exports. The second position in the ranking was taken by Turkey ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Romania stood at +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+21.5% per year) and Greece (-8.4% per year).

Export Prices by Country

The average natural sand export price stood at $X per ton in 2021, waning by -21.5% against the previous year. In general, the export price showed a noticeable setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 5.2%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Greece ($X per ton), while the average price for exports to Romania ($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 Romania (-4.6%).

Natural Sand Imports

Imports into Bulgaria

In 2021, approx. X tons of natural sands were imported into Bulgaria; rising by 13% compared with the previous year's figure. Over the period under review, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 40% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, natural sand imports stood at $X in 2021. In general, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.1% against 2016 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 45% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; afterwards, it flattened through to 2021.

Imports by Country

Serbia (X tons), Ukraine (X tons) and Germany (X tons) were the main suppliers of natural sand imports to Bulgaria, together comprising 68% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +60.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest natural sand suppliers to Bulgaria were Serbia ($X), Italy ($X) and Germany ($X), with a combined 54% share of total imports. Ukraine, Romania, Greece, France, Spain and Austria lagged somewhat behind, together accounting for a further 37%.

Ukraine, with a CAGR of +68.6%, recorded the highest rates of growth with regard to the value of imports, among 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 natural sand import price amounted to $X per ton, which is down by -10.8% against the previous year. Over the period under review, the import price, however, showed strong growth. The pace of growth appeared the most rapid in 2015 an increase of 51%. The import price peaked at $X per ton in 2020, and then reduced in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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