Bulgaria - Prepared Explosives - Market Analysis, Forecast, Size, Trends and Insights

Bulgaria: Explosives Market Overview 2019

Explosives Market Size in Bulgaria

The revenue of the explosives market in Bulgaria amounted to $X in 2018, rising by X% against the previous year. In general, explosives consumption, however, continues to indicate a moderate curtailment. The most prominent rate of growth was recorded in 2008, when the market value increased by X% against the previous year. In that year, the explosives market reached its peak level of $X. From 2009 to 2018, the growth of the explosives market failed to regain its momentum.

Explosives Production in Bulgaria

In value terms, explosives production stood at $X in 2018 estimated in export prices. In general, explosives production continues to indicate a perceptible drop. The most prominent rate of growth was recorded in 2008, when the output figure increased by X% against the previous year. In that year, explosives production attained its peak level of $X. From 2009 to 2018, explosives production growth failed to regain its momentum.

Explosives Exports

Exports from Bulgaria

Explosives exports from Bulgaria stood at X tonnes in 2018, falling by -X% against the previous year. Overall, explosives exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2010, when exports increased by X% year-to-year. In that year, explosives exports reached their peak of X tonnes. From 2011 to 2018, the growth of explosives exports failed to regain its momentum.

In value terms, explosives exports stood at $X in 2018. Overall, explosives exports continue to indicate a moderate slump. The most prominent rate of growth was recorded in 2008, when exports increased by X% y-o-y. Bulgaria exports peaked at $X in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The exports of the three major exporters of prepared explosives, namely the U.S., Russia and Poland, represented more than third of total export. It was distantly followed by South Africa (X tonnes), making up X% share of total exports. Mexico (X tonnes), Sweden (X tonnes), Germany (X tonnes), Spain (X tonnes), Costa Rica (X tonnes), India (X tonnes), Peru (X tonnes) and Austria (X tonnes) held a minor share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Costa Rica, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) remains the largest explosives supplier from Bulgaria, comprising X% of global exports. The second position in the ranking was occupied by Poland ($X), with a X% share of global exports. It was followed by Russia, with a X% share.

In the U.S., explosives exports remained relatively stable over the period from 2007-2018. In the other countries, the average annual rates were as follows: Poland (+X% per year) and Russia (+X% per year).

Export Prices by Country

In 2018, the explosives export price in Bulgaria amounted to $X per tonne, picking up by X% against the previous year. Overall, the explosives export price continues to indicate a prominent growth. The pace of growth appeared the most rapid in 2016, an increase of X% y-o-y. Bulgaria export price peaked in 2018, and is likely to see steady growth in the near future.

There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was Germany ($X per tonne), while Costa Rica ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by South Africa, while the other leaders experienced more modest paces of growth.

Explosives Imports

Imports into Bulgaria

In 2018, imports of prepared explosives into Bulgaria amounted to X tonnes, rising by X% against the previous year. Over the period under review, explosives imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2010, when imports increased by X% against the previous year. Over the period under review, explosives imports attained their maximum in 2018, and are likely to continue its growth in the immediate term.

In value terms, explosives imports amounted to $X in 2018. Over the period under review, explosives imports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2010, with an increase of X% year-to-year. Over the period under review, explosives imports attained their peak figure at $X in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Canada (X tonnes), followed by Finland (X tonnes), the U.S. (X tonnes), Norway (X tonnes) and Germany (X tonnes) represented the major importers of prepared explosives, together generating X% of total imports. Kazakhstan (X tonnes), Zimbabwe (X tonnes), Sweden (X tonnes), Mexico (X tonnes), Panama (X tonnes), Guyana (X tonnes) and Italy (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Guyana (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest explosives importing markets into Bulgaria were the U.S. ($X), Canada ($X) and Mexico ($X), together comprising X% of total imports. These countries were followed by Norway, Germany, Sweden, Finland, Italy, Kazakhstan, Zimbabwe, Guyana, Bulgaria and Panama, which together accounted for a further X the main importing countries, Guyana (+X% per year) recorded the highest rates of growth with regard to imports, over the last eleven year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the explosives import price in Bulgaria amounted to $X per tonne, waning by -X% against the previous year. Overall, the explosives import price, however, continues to indicate a remarkable growth. The pace of growth appeared the most rapid in 2016, when the import price increased by X% y-o-y. In that year, the import prices for prepared explosives reached their peak level of $X per tonne. From 2017 to 2018, the growth in terms of the import prices for prepared explosives failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Mexico ($X per tonne), while Finland ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform