Bulgaria: Wood Residues Market 2022

Wood Residues Market Size in Bulgaria

In 2020, the Bulgarian wood residues market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption showed a strong increase. The growth pace was the most rapid in 2009 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level in 2020 and is expected to retain growth in the near future.

Wood Residues Production in Bulgaria

In value terms, wood residues production soared to $X in 2020 estimated in export prices. In general, production saw a resilient increase. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Wood residues production peaked in 2020 and is likely to see steady growth in the near future.

Wood Residues Exports

Exports from Bulgaria

For the tenth consecutive year, Bulgaria recorded decline in shipments abroad of wood residues, which decreased by -X% to X cubic meters in 2020. In general, exports saw a deep contraction. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. As a result, exports attained the peak of X cubic meters. from 2011 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, wood residues exports totaled $X in 2020. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. As a result, exports reached the peak of $X. from 2011 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Germany (X cubic meters), Poland (X cubic meters) and Ukraine (X cubic meters) were the main destinations of wood residues exports from Bulgaria, with a combined X% share of total exports. These countries were followed by Austria, Belgium, France, Norway, Belarus, Spain, Croatia, Vietnam, the Czech Republic and Canada, which together accounted for a further X 2007 to 2020, the biggest increases were in Belarus, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Ukraine ($X) constituted the largest markets for wood residues exported from Bulgaria worldwide, together comprising X% of total exports. Canada, Austria, Vietnam, Spain, Poland, France, Norway, the Czech Republic, Croatia and Belarus lagged somewhat behind, together accounting for a further X the main countries of destination, Belarus 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 wood residues export price stood at $X per cubic meter in 2020, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per cubic meter. from 2010 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per cubic meter), while the average price for exports to Belarus ($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 Belgium, while the prices for the other major destinations experienced more modest paces of growth.

Wood Residues Imports

Imports into Bulgaria

In 2020, after two years of growth, there was decline in overseas purchases of wood residues, when their volume decreased by -X% to X cubic meters. Over the period under review, imports saw a pronounced curtailment. 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 hit record highs at X cubic meters in 2010; however, from 2011 to 2020, imports remained at a lower figure.

In value terms, wood residues imports dropped to $X in 2020. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2010; however, from 2011 to 2020, imports remained at a lower figure.

Imports by Country

France (X cubic meters), Austria (X cubic meters) and Belgium (X cubic meters) were the main suppliers of wood residues imports to Bulgaria, with a combined X% share of total imports. These countries were followed by Germany, Italy, Norway, Canada, the Netherlands, Poland, the U.S., Slovakia, Lithuania and Finland, which together accounted for a further X 2007 to 2020, the biggest increases were in Slovakia, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood residues suppliers to Bulgaria were France ($X), Austria ($X) and Germany ($X), with a combined X% share of total imports. These countries were followed by Belgium, the U.S., Norway, Italy, the Netherlands, Lithuania, Canada, Poland, Slovakia and Finland, which together accounted for a further X terms of the main suppliers, Norway recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2020, the average wood residues import price amounted to $X per cubic meter, reducing by -X% against the previous year. Overall, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per cubic meter. from 2016 to 2020, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per cubic meter), while the price for Canada ($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 Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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