Bulgaria: Steatite Market 2021

Steatite Market Size in Bulgaria

In 2019, the Bulgarian steatite market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. In general, consumption showed a pronounced decline. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Steatite consumption peaked at $X in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.

Steatite Exports

Exports from Bulgaria

In 2019, approx. X tons of steatites were exported from Bulgaria; which is down by -X% against the previous year's figure. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Exports peaked at X tons in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, steatite exports fell to $X in 2019. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

Serbia (X tons) was the main destination for steatite exports from Bulgaria, accounting for a X% share of total exports. Moreover, steatite exports to Serbia exceeded the volume sent to the second major destination, Macedonia (X tons), threefold. The third position in this ranking was occupied by the Netherlands (X tons), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Serbia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macedonia (-X% per year) and the Netherlands (X% per year).

In value terms, Serbia ($X), Macedonia ($X) and Germany ($X) constituted the largest markets for steatite exported from Bulgaria worldwide, with a combined X% share of total exports.

Germany saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average steatite export price stood at $X per ton in 2019, surging by X% against the previous year. In general, the export price showed a tangible increase. The growth pace was the most rapid in 2017 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per ton. From 2018 to 2019, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Macedonia ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Macedonia, while the prices for the other major destinations experienced mixed trend patterns.

Steatite Imports

Imports into Bulgaria

In 2019, overseas purchases of steatites decreased by -X% to X tons for the first time since 2016, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Imports peaked at X tons in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

In value terms, steatite imports declined significantly to $X in 2019. In general, imports recorded a noticeable reduction. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2008; however, from 2009 to 2019, imports remained at a lower figure.

Imports by Country

Greece (X tons), China (X tons) and Turkey (X tons) were the main suppliers of steatite imports to Bulgaria, together accounting for X% of total imports. Austria, India, France and Italy lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in India, while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Greece ($X) and Austria ($X) were the largest steatite suppliers to Bulgaria, together accounting for X% of total imports. Turkey, India, France and Italy lagged somewhat behind, together comprising a further X saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average steatite import price stood at $X per ton in 2019, dropping by -X% against the previous year. Overall, the import price showed a pronounced setback. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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