Bulgaria: Cement Pipe Market 2024

Cement Pipe Market Size in Bulgaria

In 2022, after five years of growth, there was significant decline in the Bulgarian cement pipe market, when its value decreased by -5.1% to $X. Overall, consumption recorded a prominent increase. Cement pipe consumption peaked at $X in 2021, and then declined in the following year.

Cement Pipe Production in Bulgaria

In value terms, cement pipe production reduced to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +14.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 56% against the previous year. Over the period under review, production attained the maximum level at $X in 2021, and then shrank in the following year.

Cement Pipe Exports

Exports from Bulgaria

Cement pipe exports from Bulgaria contracted sharply to X tons in 2022, which is down by -27.8% compared with the year before. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 101% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, cement pipe exports contracted to $X in 2022. Over the period under review, exports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by 387% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

Romania (X tons), Serbia (X tons) and Greece (X tons) were the main destinations of cement pipe exports from Bulgaria, with a combined 79% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +57.6%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) remains the key foreign market for pipes and other articles of cement exports from Bulgaria, comprising 63% of total exports. The second position in the ranking was taken by Germany ($X), with a 10% share of total exports. It was followed by North Macedonia, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania amounted to +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+13.3% per year) and North Macedonia (+12.0% per year).

Export Prices by Country

The average cement pipe export price stood at $X per ton in 2022, rising by 28% against the previous year. Over the period under review, the export price saw a buoyant expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 143% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Serbia ($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 the United States (+28.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cement Pipe Imports

Imports into Bulgaria

For the third year in a row, Bulgaria recorded growth in purchases abroad of pipes and other articles of cement, which increased by 40% to X tons in 2022. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 305% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, cement pipe imports rose rapidly to $X in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 201%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Serbia (X tons) constituted the largest cement pipe supplier to Bulgaria, with a 68% share of total imports. Moreover, cement pipe imports from Serbia exceeded the figures recorded by the second-largest supplier, Austria (X tons), sixfold. Turkey (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual growth rate of volume from Serbia stood at +148.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+11.0% per year) and Turkey (+100.9% per year).

In value terms, Serbia ($X) constituted the largest supplier of pipes and other articles of cement to Bulgaria, comprising 37% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by Austria, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Serbia stood at +134.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+26.2% per year) and Austria (+9.0% per year).

Import Prices by Country

In 2022, the average cement pipe import price amounted to $X per ton, waning by -23.9% against the previous year. Overall, the import price showed a perceptible decrease. The growth pace was the most rapid in 2018 when the average import price increased by 79% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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