Bulgaria: Sawnwood (Coniferous) Market 2025

Sawnwood (Coniferous) Market Size in Bulgaria

The Bulgarian sawnwood (coniferous) market declined to $X in 2022, dropping by -12.8% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Sawnwood (Coniferous) Production in Bulgaria

In value terms, sawnwood (coniferous) production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 24%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Sawnwood (Coniferous) Exports

Exports from Bulgaria

In 2022, the amount of sawnwood (coniferous) exported from Bulgaria skyrocketed to X cubic meters, rising by 489% against 2021. Over the period under review, exports saw strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sawnwood (coniferous) exports skyrocketed to $X in 2022. In general, exports posted a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Greece (X cubic meters) was the main destination for sawnwood (coniferous) exports from Bulgaria, with a 77% share of total exports. Moreover, sawnwood (coniferous) exports to Greece exceeded the volume sent to the second major destination, Turkey (X cubic meters), ninefold. Italy (X cubic meters) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece stood at +26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-13.8% per year) and Italy (+34.8% per year).

In value terms, Greece ($X) remains the key foreign market for sawnwood (coniferous) exports from Bulgaria, comprising 79% of total exports. The second position in the ranking was held by Italy ($X), with a 7.1% share of total exports. It was followed by Turkey, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value to Greece amounted to +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+37.7% per year) and Turkey (-14.7% per year).

Export Prices by Country

The average sawnwood (coniferous) export price stood at $X per cubic meter in 2022, with an increase of 3.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2013 an increase of 22%. The export price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per cubic meter), while the average price for exports to North Macedonia ($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 Italy (+2.1%), while the prices for the other major destinations experienced a decline.

Sawnwood (Coniferous) Imports

Imports into Bulgaria

In 2022, approx. X cubic meters of sawnwood (coniferous) were imported into Bulgaria; with an increase of 787% compared with the previous year's figure. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sawnwood (coniferous) imports skyrocketed to $X in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 818%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

The Czech Republic (X cubic meters), Austria (X cubic meters) and Ukraine (X cubic meters) were the main suppliers of sawnwood (coniferous) imports to Bulgaria, with a combined 58% share of total imports. Turkey, Romania, Bosnia and Herzegovina, Slovakia and Germany lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +5,766.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sawnwood (coniferous) suppliers to Bulgaria were Austria ($X), the Czech Republic ($X) and Romania ($X), together accounting for 59% of total imports. Turkey, Ukraine, Bosnia and Herzegovina, Slovakia and Germany lagged somewhat behind, together comprising a further 27%.

Among the main suppliers, Slovakia, with a CAGR of +5,239.8%, recorded the highest growth rate of 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

The average sawnwood (coniferous) import price stood at $X per cubic meter in 2022, with a decrease of -2.1% against the previous year. Over the period under review, the import price, however, saw slight growth. The growth pace was the most rapid in 2014 when the average import price increased by 89% against the previous year. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 ($X per cubic meter), while the price for Ukraine ($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 (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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