Bulgaria: Veneer Sheets Market 2025

Veneer Sheets Market Size in Bulgaria

In 2022, the Bulgarian veneer sheets market increased by 37% to $X, rising for the second consecutive year after three years of decline. In general, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +66.5% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Veneer Sheets Production in Bulgaria

In value terms, veneer sheets production reduced slightly to $X in 2022 estimated in export price. In general, production showed a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 3.2%. Veneer sheets production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Veneer Sheets Exports

Exports from Bulgaria

In 2022, shipments abroad of veneer sheets decreased by -30.6% to X cubic meters, falling for the third consecutive year after two years of growth. Over the period under review, exports saw a pronounced setback. The pace of growth appeared the most rapid in 2013 with an increase of 63% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, veneer sheets exports rose to $X in 2022. In general, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2018 when exports increased by 51% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X cubic meters), Serbia (X cubic meters) and North Macedonia (X cubic meters) were the main destinations of veneer sheets exports from Bulgaria, together comprising 89% of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +40.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for veneer sheets exports from Bulgaria, comprising 74% of total exports. The second position in the ranking was taken by Italy ($X), with a 12% share of total exports. It was followed by Serbia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +53.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+16.2% per year) and Serbia (+4.1% per year).

Export Prices by Country

In 2022, the average veneer sheets export price amounted to $X per cubic meter, surging by 50% against the previous year. Overall, the export price enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 54%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per cubic meter), while the average price for exports to Turkey ($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 Germany (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheets Imports

Imports into Bulgaria

In 2022, overseas purchases of veneer sheets increased by 24% to X cubic meters, rising for the second consecutive year after four years of decline. In general, imports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Over the period under review, imports reached the peak figure at X cubic meters in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, veneer sheets imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Romania (X cubic meters), Serbia (X cubic meters) and Germany (X cubic meters) were the main suppliers of veneer sheets imports to Bulgaria, together comprising 77% of total imports. Ukraine, Latvia, the Czech Republic and Russia lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +97.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest veneer sheets suppliers to Bulgaria were Romania ($X), the Czech Republic ($X) and Ukraine ($X), together comprising 64% of total imports. Germany, Serbia, Latvia and Russia lagged somewhat behind, together accounting for a further 22%.

In terms of the main suppliers, Latvia, with a CAGR of +57.5%, saw 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 veneer sheets import price stood at $X per cubic meter in 2022, increasing by 7.1% against the previous year. Overall, the import price showed a resilient increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 56%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.

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 the Czech Republic ($X per cubic meter), while the price for Serbia ($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 Ukraine (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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