Bulgaria: Other Agglomerates Market 2024

Other Agglomerates Market Size in Bulgaria

The Bulgarian other agglomerates market fell significantly to $X in 2022, with a decrease of -49.7% against the previous year. Over the period under review, consumption continues to indicate a deep setback. Other agglomerates consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Other Agglomerates Production in Bulgaria

In value terms, other agglomerates production rose slightly to $X in 2022 estimated in export price. Overall, production, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 281%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Other Agglomerates Exports

Exports from Bulgaria

In 2022, shipments abroad of other agglomerates decreased by -23.4% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of 111%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, other agglomerates exports skyrocketed to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 79%. Over the period under review, the exports attained the peak figure at $X in 2012; afterwards, it flattened through to 2022.

Exports by Country

Greece (X tons) was the main destination for other agglomerates exports from Bulgaria, accounting for a 90% share of total exports. Moreover, other agglomerates exports to Greece exceeded the volume sent to the second major destination, Austria (X tons), more than tenfold. The third position in this ranking was taken by Germany (X tons), with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume to Greece totaled -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-18.2% per year) and Germany (+30.2% per year).

In value terms, Greece ($X) remains the key foreign market for other agglomerates exports from Bulgaria, comprising 84% of total exports. The second position in the ranking was held by Germany ($X), with a 3.7% share of total exports. It was followed by Austria, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value to Greece amounted to +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+23.0% per year) and Austria (-18.5% per year).

Export Prices by Country

The average other agglomerates export price stood at $X per ton in 2022, picking up by 53% against the previous year. Overall, the export price continues to indicate a strong increase. The pace of growth was the most pronounced in 2016 an increase of 81% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+10.9%), while the prices for the other major destinations experienced a decline.

Other Agglomerates Imports

Imports into Bulgaria

In 2022, other agglomerates imports into Bulgaria totaled X tons, increasing by 1.5% compared with the previous year's figure. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 289%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, other agglomerates imports contracted rapidly to $X in 2022. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 151%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Greece (X tons), Ukraine (X tons) and Germany (X tons) were the main suppliers of other agglomerates imports to Bulgaria, with a combined 92% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +208.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Greece ($X), Romania ($X) and Germany ($X) appeared to be the largest other agglomerates suppliers to Bulgaria, together accounting for 77% of total imports.

Among the main suppliers, Greece, with a CAGR of +143.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average other agglomerates import price amounted to $X per ton, with a decrease of -34.1% against the previous year. Overall, the import price, however, saw temperate growth. The most prominent rate of growth was recorded in 2017 an increase of 58% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+33.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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