Bulgaria: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Bulgaria

The Bulgarian coniferous roundwood market declined slightly to $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Coniferous roundwood consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Coniferous Roundwood Production in Bulgaria

In value terms, coniferous roundwood production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 32% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Coniferous Roundwood Exports

Exports from Bulgaria

Coniferous roundwood exports from Bulgaria declined significantly to X cubic meters in 2022, shrinking by -76.8% on the year before. Overall, exports showed a significant decline. The pace of growth was the most pronounced in 2016 with an increase of 125%. As a result, the exports attained the peak of X cubic meters. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, coniferous roundwood exports shrank dramatically to $X in 2022. Over the period under review, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2016 with an increase of 88% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Greece (X cubic meters), Romania (X cubic meters) and North Macedonia (X cubic meters) were the main destinations of coniferous roundwood exports from Bulgaria, together accounting for 93% of total exports.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of -12.5%), while shipments for the other leaders experienced a decline.

In value terms, Greece ($X), North Macedonia ($X) and Romania ($X) appeared to be the largest markets for coniferous roundwood exported from Bulgaria worldwide, with a combined 94% share of total exports.

North Macedonia, with a CAGR of -11.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average coniferous roundwood export price stood at $X per cubic meter in 2022, growing by 19% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coniferous roundwood export price increased by +38.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 22%. The export price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($X per cubic meter), while the average price for exports to Romania ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.

Coniferous Roundwood Imports

Imports into Bulgaria

Coniferous roundwood imports into Bulgaria soared to X cubic meters in 2022, jumping by 17% compared with 2021. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 420%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, coniferous roundwood imports surged to $X in 2022. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 818%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

Romania (X cubic meters), the Czech Republic (X cubic meters) and Austria (X cubic meters) were the main suppliers of coniferous roundwood imports to Bulgaria, with a combined 96% 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 Austria (with a CAGR of +19.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Romania ($X) constituted the largest supplier of roundwood (coniferous) to Bulgaria, comprising 78% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with an 11% share of total imports. It was followed by Austria, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from Romania totaled +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-64.8% per year) and Austria (-32.3% per year).

Import Prices by Country

In 2022, the average coniferous roundwood import price amounted to $X per cubic meter, with an increase of 30% against the previous year. Overall, the import price recorded a moderate expansion. The growth pace was the most rapid in 2014 an increase of 95%. The import price peaked at $X per cubic meter in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per cubic meter), while the price for Greece ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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