Bulgaria: Market for Saw Logs And Veneer Logs (Coniferous) 2025

Market Size for Saw Logs And Veneer Logs (Coniferous) in Bulgaria

In 2021, the Bulgarian market for saw logs and veneer logs (coniferous) was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Saw Logs And Veneer Logs (Coniferous) in Bulgaria

In value terms, production of saw logs and veneer logs (coniferous) expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 28% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production of growth remained at a somewhat lower figure.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports from Bulgaria

Exports of saw logs and veneer logs (coniferous) from Bulgaria contracted remarkably to X cubic meters in 2021, with a decrease of -31.4% compared with 2020 figures. Overall, exports recorded a drastic downturn. The growth pace was the most rapid in 2016 with an increase of 125%. As a result, the exports attained the peak of X cubic meters. From 2017 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of saw logs and veneer logs (coniferous) dropped notably to $X in 2021. In general, exports recorded a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of 88% against the previous year. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Greece (X cubic meters) was the main destination for exports of saw logs and veneer logs (coniferous) from Bulgaria, accounting for a 52% share of total exports. Moreover, exports of saw logs and veneer logs (coniferous) to Greece exceeded the volume sent to the second major destination, North Macedonia (X cubic meters), threefold. The third position in this ranking was held by Turkey (X cubic meters), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece stood at -13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (-2.0% per year) and Turkey (-15.9% per year).

In value terms, Greece ($X) remains the key foreign market for saw logs and veneer logs (coniferous) exports from Bulgaria, comprising 49% of total exports. The second position in the ranking was held by Turkey ($X), with a 19% share of total exports. It was followed by North Macedonia, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Greece amounted to -11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-16.7% per year) and North Macedonia (-3.1% per year).

Export Prices by Country

In 2021, the average export price for saw logs and veneer logs (coniferous) amounted to $X per cubic meter, jumping by 16% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 an increase of 22% against the previous year. The export price peaked at $X per cubic meter in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, the highest price was recorded for prices to Turkey ($X per cubic meter) and Romania ($X per cubic meter), while the average price for exports to Greece ($X per cubic meter) and North Macedonia ($X per cubic meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+2.7%), while the prices for the other major destinations experienced a decline.

Imports of Saw Logs And Veneer Logs (Coniferous)

Imports into Bulgaria

In 2021, the amount of saw logs and veneer logs (coniferous) imported into Bulgaria skyrocketed to X cubic meters, with an increase of 421% against the previous year. Overall, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of saw logs and veneer logs (coniferous) soared to $X in 2021. In general, imports showed a buoyant increase. Over the period under review, imports of reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Czech Republic (X cubic meters) constituted the largest supplier of saw logs and veneer logs (coniferous) to Bulgaria, with a 52% share of total imports. Moreover, imports of saw logs and veneer logs (coniferous) from the Czech Republic exceeded the figures recorded by the second-largest supplier, Greece (X cubic meters), threefold. Austria (X cubic meters) ranked third in terms of total imports with a 19% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (-3.0% per year) and Austria (0.0% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of saw logs and veneer logs (coniferous) to Bulgaria, comprising 49% of total imports. The second position in the ranking was held by Austria ($X), with a 20% share of total imports. It was followed by Greece, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (0.0% per year) and Greece (+0.6% per year).

Import Prices by Country

The average import price for saw logs and veneer logs (coniferous) stood at $X per cubic meter in 2021, rising by 76% against the previous year. Overall, the import price saw measured growth. 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 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Romania (+24.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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