Bulgaria: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in Bulgaria

The Bulgarian cellulose fibrecement sheet market rose rapidly to $X in 2022, increasing by 6.9% against the previous year. Over the period under review, consumption, however, recorded a pronounced downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Cellulose Fibrecement Sheet Production in Bulgaria

In value terms, cellulose fibrecement sheet production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by 22%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Cellulose Fibrecement Sheet Exports

Exports from Bulgaria

In 2022, shipments abroad of sheets, panels and tiles of cellulose fibrecement increased by 2,743% to X tons, rising for the second year in a row after two years of decline. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cellulose fibrecement sheet exports soared to $X in 2022. Over the period under review, exports posted strong growth. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for cellulose fibrecement sheet exports from Bulgaria, accounting for a 95% share of total exports. Moreover, cellulose fibrecement sheet exports to the United Arab Emirates exceeded the volume sent to the second major destination, North Macedonia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +93.4%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for sheets, panels and tiles of cellulose fibrecement exports from Bulgaria, comprising 90% of total exports. The second position in the ranking was held by North Macedonia ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at +48.1%.

Export Prices by Country

The average cellulose fibrecement sheet export price stood at $X per ton in 2022, rising by 6.9% against the previous year. In general, the export price, however, continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2015 an increase of 80% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

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 North Macedonia ($X per ton), while the average price for exports to the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+55.7%), while the prices for the other major destinations experienced more modest paces of growth.

Cellulose Fibrecement Sheet Imports

Imports into Bulgaria

In 2022, imports of sheets, panels and tiles of cellulose fibrecement into Bulgaria surged to X tons, growing by 49% compared with the year before. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2014 with an increase of 418%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, cellulose fibrecement sheet imports expanded remarkably to $X in 2022. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 197% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest cellulose fibrecement sheet supplier to Bulgaria, accounting for a 66% share of total imports. Moreover, cellulose fibrecement sheet imports from Turkey exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), sevenfold. The third position in this ranking was held by Germany (X tons), with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +175.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+111.6% per year) and Germany (+12.9% per year).

In value terms, Turkey ($X), Slovenia ($X) and the Czech Republic ($X) constituted the largest cellulose fibrecement sheet suppliers to Bulgaria, together accounting for 68% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +123.6%, 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

In 2022, the average cellulose fibrecement sheet import price amounted to $X per ton, waning by -24.6% against the previous year. Over the period under review, the import price showed a deep downturn. The growth pace was the most rapid in 2021 an increase of 20%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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