Bulgaria: Drawing Chalk Market 2024

Drawing Chalk Market Size in Bulgaria

The Bulgarian drawing chalk market skyrocketed to $X in 2021, with an increase of 92% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +39.7% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Drawing Chalk Exports

Exports from Bulgaria

Drawing chalk exports from Bulgaria expanded significantly to X units in 2021, with an increase of 11% compared with the previous year's figure. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 559%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, drawing chalk exports surged to $X in 2021. Over the period under review, exports saw buoyant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 286% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Ireland (X units), Hungary (X units) and Georgia (X units) were the main destinations of drawing chalk exports from Bulgaria, with a combined 67% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of +23.6%), while the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X), Georgia ($X) and Hungary ($X) constituted the largest markets for drawing chalk exported from Bulgaria worldwide, together comprising 57% of total exports.

Georgia, with a CAGR of +35.5%, saw 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 drawing chalk export price stood at $X per unit in 2021, with an increase of 81% against the previous year. Overall, the export price posted a remarkable increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 1,266%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Tunisia ($X per unit), while the average price for exports to Ireland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+90.1%), while the prices for the other major destinations experienced more modest paces of growth.

Drawing Chalk Imports

Imports into Bulgaria

In 2021, drawing chalk imports into Bulgaria skyrocketed to X units, jumping by 94% against the year before. Overall, imports showed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, drawing chalk imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), China (X units) and South Korea (X units) were the main suppliers of drawing chalk imports to Bulgaria, together accounting for 87% of total imports. These countries were followed by Lithuania, France and Greece, which together accounted for a further 6.1%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +32.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest drawing chalk suppliers to Bulgaria were Germany ($X), China ($X) and South Korea ($X), together accounting for 71% of total imports. These countries were followed by France, Lithuania and Greece, which together accounted for a further 7.3%.

Among the main suppliers, Lithuania, with a CAGR of +38.6%, 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 2021, the average drawing chalk import price amounted to $X per unit, shrinking by -10.2% against the previous year. In general, the import price saw a perceptible decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 25%. The import price peaked at $X per unit in 2013; however, from 2014 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, the country with the highest price was France ($X per unit), while the price for Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform