Bulgaria - Magnesite - Market Analysis, Forecast, Size, Trends And Insights

Bulgaria: Magnesite Market Overview 2019

Magnesite Market Size in Bulgaria

The revenue of the magnesite market in Bulgaria amounted to $X in 2017, coming down by -X% against the previous year. Over the period under review, magnesite consumption continues to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2011, with an increase of X% against the previous year. In that year, the magnesite market attained its peak level of $X. From 2012 to 2017, the growth of the magnesite market failed to regain its momentum.

Magnesite Production in Bulgaria

In value terms, magnesite production stood at $X in 2017 estimated in export prices. Over the period under review, magnesite production continues to indicate a relatively flat trend pattern.

Magnesite Exports

Exports from Bulgaria

In 2017, approx. X tonnes of magnesite were exported from Bulgaria; jumping by X% against the previous year. Over the period under review, magnesite exports continue to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2017, when exports increased by X% year-to-year. Exports peaked at X tonnes in 2013; however, from 2014 to 2017, exports stood at a somewhat lower figure.

In value terms, magnesite exports totaled $X in 2017. Over the period under review, magnesite exports continue to indicate a strong growth. The growth pace was the most rapid in 2017, when exports increased by X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2017, exports remained at a lower figure.

Exports by Country

Macedonia (X tonnes) was the main destination for magnesite exports from Bulgaria, with a X% share of total exports. Moreover, magnesite exports to Macedonia exceeded the volume sent to the second major destination, Greece (X tonnes), threefold.

From 2007 to 2017, the average annual rate of growth in terms of volume to Macedonia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Georgia (+X% per year).

In value terms, the largest markets for magnesite exported from Bulgaria were Macedonia ($X), Georgia ($X) and Greece ($X), together comprising X% of total exports.

Among the main countries of destination, Georgia (+X% per year) recorded the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average magnesite export price stood at $X per tonne in 2017, increasing by X% against the previous year. Over the period under review, the magnesite export price, however, continues to indicate a measured setback. The most prominent rate of growth was recorded in 2017, when the average export price increased by X% year-to-year. Export price peaked at $X per tonne in 2009; however, from 2010 to 2017, export prices failed to regain their momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Georgia ($X per tonne), while the average price for exports to Macedonia ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Georgia, while the export prices for the other major destinations experienced mixed trend patterns.

Magnesite Imports

Imports into Bulgaria

Magnesite imports into Bulgaria stood at X tonnes in 2017, going down by -X% against the previous year. Overall, magnesite imports continue to indicate a drastic curtailment. The growth pace was the most rapid in 2011, when imports increased by X% y-o-y. In that year, magnesite imports attained their peak of X tonnes. From 2012 to 2017, the growth of magnesite imports remained at a lower figure.

In value terms, magnesite imports stood at $X in 2017. Over the period under review, magnesite imports continue to indicate a drastic descent. The growth pace was the most rapid in 2011, when imports increased by X% y-o-y. In that year, magnesite imports attained their peak of $X. From 2012 to 2017, the growth of magnesite imports remained at a lower figure.

Imports by Country

Cyprus (X tonnes), Greece (X tonnes) and Sweden (X tonnes) were the main suppliers of magnesite imports to Bulgaria, with a combined X% share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Sweden, while the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X), Sweden ($X) and Greece ($X) appeared to be the largest magnesite suppliers to Bulgaria, together comprising X% of total imports.

Sweden experienced the highest rates of growth with regard to imports, in terms of the main suppliers over the last decade, while the other leaders experienced a decline.

Import Prices by Country

The average magnesite import price stood at $X per tonne in 2017, coming down by -X% against the previous year. Overall, the magnesite import price continues to indicate a measured contraction. The most prominent rate of growth was recorded in 2011, when the average import price increased by X% y-o-y. Import price peaked at $X per tonne in 2012; however, from 2013 to 2017, import prices failed to regain their momentum.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was Sweden ($X per tonne), while the price for Serbia ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Serbia, while the import prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform