Bulgaria: Assembled Parquet Panels Market 2024

Assembled Parquet Panels Market Size in Bulgaria

In 2021, the Bulgarian assembled parquet panels market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption posted a resilient increase. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Assembled Parquet Panels Production in Bulgaria

In value terms, assembled parquet panels production dropped modestly to $X in 2021 estimated in export price. Overall, production showed significant growth. The pace of growth was the most pronounced in 2017 with an increase of 678% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Assembled Parquet Panels Exports

Exports from Bulgaria

In 2021, shipments abroad of assembled parquet panels increased by 7.9% to X tons, rising for the seventh consecutive year after two years of decline. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 462% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, assembled parquet panels exports expanded notably to $X in 2021. Overall, exports saw a significant increase. The growth pace was the most rapid in 2017 when exports increased by 535% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for assembled parquet panels exports from Bulgaria, with a 91% share of total exports. It was followed by Italy (X tons), with a 2.7% share of total exports. The third position in this ranking was held by Greece (X tons), with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +124.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+332.2% per year) and Greece (+20.7% per year).

In value terms, Germany ($X) remains the key foreign market for assembled parquet panels exports from Bulgaria, comprising 94% of total exports. The second position in the ranking was taken by Italy ($X), with a 2.3% share of total exports. It was followed by the UK, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +119.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+243.1% per year) and the UK (+65.4% per year).

Export Prices by Country

The average assembled parquet panels export price stood at $X per ton in 2021, increasing by 4.6% against the previous year. In general, the export price showed a prominent increase. The pace of growth appeared the most rapid in 2017 an increase of 106%. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Greece ($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 Greece (-1.0%), while the prices for the other major destinations experienced a decline.

Assembled Parquet Panels Imports

Imports into Bulgaria

Assembled parquet panels imports into Bulgaria surged to X tons in 2021, rising by 31% against the previous year. Over the period under review, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 138% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, assembled parquet panels imports soared to $X in 2021. In general, imports posted strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 131% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Poland (X tons) constituted the largest assembled parquet panels supplier to Bulgaria, accounting for a 29% share of total imports. Moreover, assembled parquet panels imports from Poland exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by Romania (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland amounted to +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+24.9% per year) and Romania (+20.4% per year).

In value terms, Poland ($X) constituted the largest supplier of assembled parquet panels to Bulgaria, comprising 28% of total imports. The second position in the ranking was taken by Serbia ($X), with a 13% share of total imports. It was followed by Turkey, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Poland totaled +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+4.9% per year) and Turkey (+21.6% per year).

Import Prices by Country

In 2021, the average assembled parquet panels import price amounted to $X per ton, growing by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 30%. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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