Bulgaria: Cement Clinker Market 2022

Cement Clinker Market Size in Bulgaria

In 2021, after four years of growth, there was significant decline in the Bulgarian cement clinker market, when its value decreased by -X% to $X. Overall, consumption saw a pronounced increase. Cement clinker consumption peaked at $X in 2020, and then dropped rapidly in the following year.

Cement Clinker Production in Bulgaria

In value terms, cement clinker production shrank to $X in 2021 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2021: its value decreased at an average annual rate of -X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2013 indices. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then shrank modestly in the following year.

Cement Clinker Exports

Exports from Bulgaria

In 2021, shipments abroad of cement clinker was finally on the rise to reach X tons after three years of decline. In general, exports, however, continue to indicate a mild setback. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, cement clinker exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a slight downturn. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons) was the main destination for cement clinker exports from Bulgaria, with a X% share of total exports. Moreover, cement clinker exports to Romania exceeded the volume sent to the second major destination, Ukraine (X tons), twofold. Italy (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-X% per year) and Italy (X% per year).

In value terms, Romania ($X) remains the key foreign market for cement clinker exports from Bulgaria, comprising X% of total exports. The second position in the ranking was occupied by Ukraine ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Romania totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-X% per year) and Italy (X% per year).

Export Prices by Country

The average cement clinker export price stood at $X per ton in 2021, rising by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by the country of destination: the country with the highest price was Serbia ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Cement Clinker Imports

Imports into Bulgaria

In 2021, purchases abroad of cement clinker increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, imports showed a prominent increase. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, cement clinker imports soared to $X in 2021. Overall, imports showed a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Tunisia (X tons) constituted the largest supplier of cement clinker to Bulgaria, with a X% share of total imports. Moreover, cement clinker imports from Tunisia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from Tunisia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Romania (+X% per year).

In value terms, Tunisia ($X) constituted the largest supplier of cement clinker to Bulgaria, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Tunisia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Romania (+X% per year).

Import Prices by Country

In 2021, the average cement clinker import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform