Bulgaria: Plywood Market 2023

Plywood Market Size in Bulgaria

The Bulgarian plywood market shrank to $X in 2022, waning by X% against the previous year. Overall, consumption, however, showed resilient growth. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Plywood Production in Bulgaria

In value terms, plywood production contracted to $X in 2022 estimated in export price. Overall, the total production indicated a modest 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. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Plywood production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Plywood Exports

Exports from Bulgaria

In 2022, approx. X cubic meters of plywood were exported from Bulgaria; reducing by X% compared with 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, plywood exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Romania (X cubic meters), Germany (X cubic meters) and Italy (X cubic meters) were the main destinations of plywood exports from Bulgaria, with a combined X% share of total exports. France, Greece, the Czech Republic, Hungary, Poland, Serbia, Austria, Cyprus, China and Montenegro lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for plywood exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Romania ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and France (X% per year).

Export Prices by Country

The average plywood export price stood at $X per cubic meter in 2022, jumping by X% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2022: its price 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. Based on 2022 figures, plywood export price increased by X% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per cubic meter), while the average price for exports to China ($X per cubic meter) was amongst the lowest.

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

Plywood Imports

Imports into Bulgaria

In 2022, the amount of plywood imported into Bulgaria declined markedly to X cubic meters, which is down by X% against the year before. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X cubic meters, and then reduced dramatically in the following year.

In value terms, plywood imports contracted to $X in 2022. Overall, imports, however, posted strong growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, China (X cubic meters) constituted the largest plywood supplier to Bulgaria, accounting for a X% share of total imports. Moreover, plywood imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X cubic meters), fivefold. Russia (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Russia (X% per year).

In value terms, China ($X) constituted the largest supplier of plywood to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Russia, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Russia (X% per year).

Import Prices by Country

In 2022, the average plywood import price amounted to $X per cubic meter, surging by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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