Bulgaria: Wood Fuel (Non-Coniferous) Market 2021

Wood Fuel (Non-Coniferous) Market Size in Bulgaria

In 2020, the Bulgarian wood fuel (non-coniferous) market was finally on the rise to reach $X after seven years of decline. Over the period under review, consumption showed a mild decrease. Wood fuel (non-coniferous) consumption peaked at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Wood Fuel (Non-Coniferous) Production in Bulgaria

In value terms, wood fuel (non-coniferous) production soared to $X in 2020 estimated in export prices. In general, production showed a mild decline. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Wood Fuel (Non-Coniferous) Exports

Exports from Bulgaria

In 2020, approx. X cubic meters of wood fuel (non-coniferous) were exported from Bulgaria; which is down by -X% on 2019 figures. In general, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Exports peaked at X cubic meters in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, wood fuel (non-coniferous) exports contracted dramatically to $X in 2020. Overall, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Exports peaked at $X in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Italy (X cubic meters), France (X cubic meters) and Greece (X cubic meters) were the main destinations of wood fuel (non-coniferous) exports from Bulgaria, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France, while exports for the other leaders experienced a decline.

In value terms, Italy ($X), France ($X) and Greece ($X) were the largest markets for wood fuel (non-coniferous) exported from Bulgaria worldwide, together comprising X% of total exports.

Among the main countries of destination, France saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2020, the average wood fuel (non-coniferous) export price amounted to $X per cubic meter, growing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average export prices hit record highs at $X per cubic meter in 2014; however, from 2015 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was France ($X per cubic meter), while the average price for exports to Austria ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced mixed trend patterns.

Wood Fuel (Non-Coniferous) Imports

Imports into Bulgaria

Wood fuel (non-coniferous) imports into Bulgaria skyrocketed to X cubic meters in 2020, jumping by X% on the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X cubic meters in 2009; however, from 2010 to 2020, imports failed to regain the momentum.

In value terms, wood fuel (non-coniferous) imports skyrocketed to $X in 2020. Overall, imports recorded a pronounced slump. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

Romania (X cubic meters), Ukraine (X cubic meters) and Turkey (X cubic meters) were the main suppliers of wood fuel (non-coniferous) imports to Bulgaria, together accounting for X% of total imports. These countries were followed by Estonia, Germany, Serbia, China, Italy, Lithuania, Finland, Indonesia, Poland and Austria, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Italy ($X) and Estonia ($X) appeared to be the largest wood fuel (non-coniferous) suppliers to Bulgaria, with a combined X% share of total imports.

Among the main suppliers, Ukraine (+X% per year) saw the highest rates of growth with regard to 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 wood fuel (non-coniferous) import price stood at $X per cubic meter in 2020, dropping by -X% against the previous year. In general, the import price showed a noticeable curtailment. The pace of growth appeared the most rapid in 2010 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2017; however, from 2018 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per cubic meter), while the price for Romania ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ukraine, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform