Bulgaria - Wood Fuel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWood Fuel Price in Bulgaria - 2023
Contents:
- Wood Fuel Price in Bulgaria (FOB) - 2023
- Wood Fuel Price in Bulgaria (CIF) - 2022
- Wood Fuel Exports in Bulgaria
- Wood Fuel Imports in Bulgaria
Wood Fuel Price in Bulgaria (FOB) - 2023
In October 2023, the average wood fuel export price amounted to $80.2 per cubic meter, jumping by 16% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 60% m-o-m. Over the period under review, the average export prices attained the peak figure at $110 per cubic meter in February 2023; however, from March 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Israel ($176 per cubic meter), while the average price for exports to North Macedonia ($56.7 per cubic meter) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Wood Fuel Price in Bulgaria (CIF) - 2022
In 2022, the average wood fuel import price amounted to $84 per cubic meter, increasing by 23% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 31% against the previous year. As a result, import price reached the peak level of $111 per cubic meter. From 2014 to 2022, the average import prices remained at a lower figure.
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 UK ($307 per cubic meter), while the price for Greece ($49 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+85.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Wood Fuel Exports in Bulgaria
In 2022, wood fuel exports from Bulgaria contracted remarkably to 79K cubic meters, which is down by -58.8% on the year before. In general, exports faced a significant contraction. The smallest decline of -10.8% was in 2021. Over the period under review, the exports hit record highs at 333K cubic meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, wood fuel exports declined dramatically to $3.5M in 2022. Over the period under review, exports showed a dramatic shrinkage. The smallest decline of -1.5% was in 2021. The exports peaked at $11M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Wood Fuel in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 8.9 | 5.4 | 6.0 | 3.0 | -30.4% |
| Romania | 0.8 | 0.4 | 0.3 | 0.1 | -50.0% |
| Israel | 0.2 | 0.3 | 0.1 | 0.1 | -20.6% |
| North Macedonia | 1.2 | 1.4 | 0.7 | 0.1 | -56.3% |
| Others | 0.3 | 0.1 | 0.3 | 0.1 | -30.7% |
| Total | 11.4 | 7.6 | 7.5 | 3.5 | -32.5% |
Top Export Markets for Wood Fuel from Bulgaria in 2022:
- Greece (69.2K cubic meters)
- Romania (5.1K cubic meters)
- North Macedonia (2.0K cubic meters)
- Israel (1.2K cubic meters)
Wood Fuel Imports in Bulgaria
In 2022, wood fuel imports into Bulgaria declined dramatically to 100 cubic meters, waning by -79.4% against the year before. In general, imports saw a dramatic slump. The most prominent rate of growth was recorded in 2021 when imports increased by 145% against the previous year. Over the period under review, imports attained the peak figure at 1.6K cubic meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, wood fuel imports fell markedly to $8.4K in 2022. Overall, imports showed a precipitous setback. The growth pace was the most rapid in 2021 with an increase of 194% against the previous year. Imports peaked at $74K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Wood Fuel in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 10.3 | N/A | 7.9 | 5.2 | -20.4% |
| United Kingdom | N/A | N/A | N/A | 2.1 | 0% |
| Greece | 31.0 | 9.1 | 11.8 | 1.0 | -68.2% |
| Germany | 14.6 | N/A | 13.7 | N/A | -3.1% |
| Others | 17.8 | 2.3 | N/A | N/A | -87.1% |
| Total | 73.7 | 11.4 | 33.4 | 8.4 | -51.5% |
Top Suppliers of Wood Fuel to Bulgaria in 2022:
- Serbia (70.0 cubic meters)
- Greece (21.0 cubic meters)
- United Kingdom (7.0 cubic meters)
- Germany (1.0 cubic meters)
This report provides an in-depth analysis of the wood fuel market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1627 - Wood fuel, coniferous
- FCL 1628 - Wood fuel, non-coniferous
Country coverage:
- Bulgaria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bulgaria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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