Bulgaria: Clay Market 2022

Clay Market Size in Bulgaria

The Bulgarian clay market surged to $X in 2021, picking up by 68% against the previous year. Overall, consumption saw a measured increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Clay Production in Bulgaria

In value terms, clay production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in 2014 when the production volume increased by 27% against the previous year. Clay production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Clay Exports

Exports from Bulgaria

Clay exports from Bulgaria surged to X tons in 2021, jumping by 17% against the previous year's figure. In general, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, clay exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) was the main destination for clay exports from Bulgaria, with a 39% share of total exports. Moreover, clay exports to Turkey exceeded the volume sent to the second major destination, Egypt (X tons), threefold. The third position in this ranking was held by Romania (X tons), with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey stood at +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+1.7% per year) and Romania (-6.1% per year).

In value terms, Turkey ($X) remains the key foreign market for clay exports from Bulgaria, comprising 41% of total exports. The second position in the ranking was taken by Egypt ($X), with a 9.1% share of total exports. It was followed by Italy, with a 7% share.

From 2012 to 2021, the average annual growth rate of value to Turkey amounted to +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+2.1% per year) and Italy (-6.1% per year).

Export Prices by Country

In 2021, the average clay export price amounted to $X per ton, growing by 5.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 an increase of 8.6% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Austria ($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 Italy (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Clay Imports

Imports into Bulgaria

In 2021, clay imports into Bulgaria surged to X tons, jumping by 23% against 2020 figures. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 63%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, clay imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +66.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Ukraine (X tons), Serbia (X tons) and the UK (X tons) were the main suppliers of clay imports to Bulgaria, together accounting for 92% of total imports.

From 2012 to 2021, the biggest increases were in Serbia (with a CAGR of +28.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), the UK ($X) and Serbia ($X) were the largest clay suppliers to Bulgaria, together accounting for 71% of total imports.

Serbia, with a CAGR of +26.8%, saw the highest rates of growth with regard to the value of imports, among 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 clay import price stood at $X per ton in 2021, picking up by 9.5% against the previous year. Overall, the import price, however, recorded a pronounced decline. The growth pace was the most rapid in 2013 when the average import price increased by 33% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the price for Serbia ($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 (+6.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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