Bulgaria: Market for Prepared Additives For Cements, Mortars Or Concretes 2022

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Bulgaria

After four years of growth, the Bulgarian prepared additives for cements market decreased by -X% to $X in 2021. Overall, consumption, however, posted a strong increase. Over the period under review, the market reached the peak level at $X in 2020, and then reduced slightly in the following year.

Production of Prepared Additives For Cements, Mortars Or Concretes in Bulgaria

In value terms, prepared additives for cements production contracted notably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production attained the peak level of $X, and then reduced rapidly in the following year.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Bulgaria

In 2021, prepared additives for cements exports from Bulgaria soared to X tons, rising by X% compared with 2020. Over the period under review, exports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, prepared additives for cements exports skyrocketed to $X in 2021. In general, exports, however, showed a slight setback. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons) was the main destination for prepared additives for cements exports from Bulgaria, accounting for a X% share of total exports. Moreover, prepared additives for cements exports to Romania exceeded the volume sent to the second major destination, North Macedonia (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Romania amounted to -X%.

In value terms, Romania ($X) remains the key foreign market for prepared additives for cements exports from Bulgaria, comprising X% of total exports. The second position in the ranking was occupied by North Macedonia ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Romania totaled +X%.

Export Prices by Country

In 2021, the average prepared additives for cements export price amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the export price, however, recorded moderate growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Romania stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+X%).

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Bulgaria

In 2021, prepared additives for cements imports into Bulgaria reduced to X tons, with a decrease of -X% on the year before. Overall, imports saw a slight descent. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, prepared additives for cements imports totaled $X in 2021. Over the period under review, total imports indicated a pronounced increase 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, imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Romania (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of prepared additives for cements imports to Bulgaria, together comprising X% of total imports. These countries were followed by Greece, Serbia, South Korea and North Macedonia, which together accounted for a further X 2012 to 2021, the biggest increases were in Serbia (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Romania ($X) and Italy ($X) were the largest prepared additives for cements suppliers to Bulgaria, with a combined X% share of total imports. Greece, South Korea, Serbia and North Macedonia lagged somewhat behind, together comprising a further X the main suppliers, South Korea, with a CAGR of +X%, recorded the highest growth rate of 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

The average prepared additives for cements import price stood at $X per ton in 2021, jumping by X% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform