Bulgaria: Fromwork Market 2025

Fromwork Market Size in Bulgaria

The Bulgarian fromwork market skyrocketed to $X in 2022, increasing by 49% against the previous year. Overall, consumption continues to indicate strong growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Fromwork Production in Bulgaria

In value terms, fromwork production rose significantly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 83%. Fromwork production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Fromwork Exports

Exports from Bulgaria

In 2022, the amount of shuttering for concrete constructional work, shingles and shakes, of wood exported from Bulgaria contracted to X tons, waning by -9.6% compared with the previous year's figure. Over the period under review, exports showed a deep contraction. The growth pace was the most rapid in 2020 when exports increased by 218% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, fromwork exports fell to $X in 2022. In general, exports saw a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 219% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Serbia (X tons), Poland (X tons) and Austria (X tons) were the main destinations of fromwork exports from Bulgaria, with a combined 39% share of total exports. Romania, Germany, North Macedonia, Canada, Italy, France, Slovenia, Croatia and Greece lagged somewhat behind, together accounting for a further 53%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by North Macedonia (with a CAGR of +33.9%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for fromwork exported from Bulgaria were Poland ($X), Austria ($X) and Romania ($X), with a combined 41% share of total exports. Canada, Serbia, North Macedonia, Italy, Germany, Slovenia, France, Croatia and Greece lagged somewhat behind, together accounting for a further 48%.

Among the main countries of destination, North Macedonia, with a CAGR of +43.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fromwork export price stood at $X per ton in 2022, growing by 2.3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 34%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Greece ($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 Canada (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Fromwork Imports

Imports into Bulgaria

In 2022, approx. X tons of shuttering for concrete constructional work, shingles and shakes, of wood were imported into Bulgaria; picking up by 73% compared with 2021 figures. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by 117%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, fromwork imports skyrocketed to $X in 2022. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Austria (X tons), the Czech Republic (X tons) and Slovakia (X tons) were the main suppliers of fromwork imports to Bulgaria, with a combined 69% share of total imports. Germany, Ukraine, Slovenia and Italy lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +61.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of shuttering for concrete constructional work, shingles and shakes, of wood to Bulgaria, comprising 46% of total imports. The second position in the ranking was held by Slovakia ($X), with a 14% share of total imports. It was followed by the Czech Republic, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Austria amounted to +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+31.8% per year) and the Czech Republic (+42.4% per year).

Import Prices by Country

The average fromwork import price stood at $X per ton in 2022, surging by 2.6% against the previous year. Over the period under review, the import price, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2021 an increase of 24% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 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 Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform