Bulgaria: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Bulgaria

After two years of growth, the Bulgarian non-rolled bitumen products market decreased by X% to $X in 2022. In general, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Non-rolled bitumen products consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Non-Rolled Bitumen Products Production in Bulgaria

In value terms, non-rolled bitumen products production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Non-rolled bitumen products production peaked at $X in 2020; afterwards, it flattened through to 2022.

Non-Rolled Bitumen Products Exports

Exports from Bulgaria

In 2022, overseas shipments of non-rolled bitumen products decreased by X% to X tons, falling for the fifth consecutive year after six years of growth. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, non-rolled bitumen products exports shrank remarkably to $X in 2022. Over the period under review, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kosovo (X tons) was the main destination for non-rolled bitumen products exports from Bulgaria, accounting for a X% share of total exports. Moreover, non-rolled bitumen products exports to Kosovo exceeded the volume sent to the second major destination, Turkey (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Kosovo amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Greece (X% per year).

In value terms, the largest markets for non-rolled bitumen products exported from Bulgaria were Kosovo ($X), Turkey ($X) and Greece ($X), with a combined X% share of total exports.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average non-rolled bitumen products export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, recorded a deep reduction. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Kosovo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kosovo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports into Bulgaria

After two years of growth, overseas purchases of non-rolled bitumen products decreased by X% to X tons in 2022. Overall, imports, however, continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, non-rolled bitumen products imports fell to $X in 2022. Over the period under review, imports, however, recorded perceptible growth. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X tons), Russia (X tons) and Lithuania (X tons) were the main suppliers of non-rolled bitumen products imports to Bulgaria, with a combined X% share of total imports. Poland, Italy, Slovakia and Greece lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Russia ($X) and Poland ($X) were the largest non-rolled bitumen products suppliers to Bulgaria, with a combined X% share of total imports. Lithuania, Italy, Slovakia and Greece lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Slovakia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-rolled bitumen products import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, continues to indicate a mild contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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