Bulgaria: Abrasives Market 2022

Abrasives Market Size in Bulgaria

The Bulgarian abrasives market declined notably to $X in 2021, falling by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a drastic downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Abrasives Exports

Exports from Bulgaria

Abrasives exports from Bulgaria skyrocketed to X tons in 2021, picking up by X% against 2020 figures. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, abrasives exports skyrocketed to $X in 2021. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

France (X tons) was the main destination for abrasives exports from Bulgaria, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to France was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to France was relatively modest.

Export Prices by Country

In 2021, the average abrasives export price amounted to $X per ton, reducing by -X% against the previous year. In general, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2021, the rate of growth in terms of prices for France amounted to X% per year.

Abrasives Imports

Imports into Bulgaria

In 2021, abrasives imports into Bulgaria dropped sharply to X tons, waning by -X% against the previous year's figure. In general, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, abrasives imports fell markedly to $X in 2021. Over the period under review, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Greece (X tons) constituted the largest abrasives supplier to Bulgaria, with a X% share of total imports. Moreover, abrasives imports from Greece exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), ninefold. The third position in this ranking was occupied by Turkey (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Greece amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Turkey (-X% per year).

In value terms, Malaysia ($X), Greece ($X) and Turkey ($X) were the largest abrasives suppliers to Bulgaria, with a combined X% share of total imports.

Malaysia, with a CAGR of +X%, recorded the highest growth rate of 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 abrasives import price stood at $X per ton in 2021, stabilizing at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform