Bulgaria: Explosives Market Overview 2020

Explosives Market Size in Bulgaria

The revenue of the explosives market in Bulgaria amounted to $X in 2018, growing by X% against the previous year. Over the period under review, explosives consumption, however, continues to indicate a moderate drop. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. In that year, the explosives market attained 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, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2008 when production volume increased by X% year-to-year. In that year, explosives production attained its peak level of $X. From 2009 to 2018, explosives production growth remained at a somewhat lower figure.

Explosives Exports

Exports from Bulgaria

Explosives exports from Bulgaria totaled X tonnes in 2018, declining by -X% against the previous year. Overall, explosives exports continue to indicate a deep shrinkage. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. In that year, explosives exports attained their peak of X tonnes. From 2011 to 2018, the growth of explosives exports failed to regain its momentum.

In value terms, explosives exports amounted to $X in 2018. In general, explosives exports continue to indicate a moderate decrease. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Exports peaked at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

Serbia (X tonnes), Greece (X tonnes) and Macedonia (X tonnes) were the main destinations of explosives exports from Bulgaria, together comprising X% of total exports. Albania, Ukraine, Belgium, Turkey and Romania lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Ukraine, while the other leaders experienced mixed trend patterns.

In value terms, Serbia ($X) remains the key foreign market for explosives exports from Bulgaria, comprising X% of total explosives exports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total exports. It was followed by Albania, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Serbia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Albania (+X% per year).

Export Prices by Country

The average explosives export price stood at $X per tonne in 2018, picking up by X% against the previous year. Over the period under review, the explosives export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Belgium ($X per tonne), while the average price for exports to Macedonia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Serbia, while the prices for the other major destinations experienced more modest paces of growth.

Explosives Imports

Imports into Bulgaria

In 2018, the amount of prepared explosives imported into Bulgaria stood at X tonnes, growing by X% against the previous year. Overall, explosives imports continue to indicate a prominent increase. 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 maximum in 2018 and are expected to retain its growth in the near future.

In value terms, explosives imports totaled $X in 2018. Overall, explosives imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, explosives imports attained their maximum at $X in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Romania (X tonnes) constituted the largest supplier of explosives to Bulgaria, with a X% share of total imports. Moreover, explosives imports from Romania exceeded the figures recorded by the second-largest supplier, Russia (X tonnes), sevenfold. The third position in this ranking was occupied by Serbia (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Romania stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+X% per year) and Serbia (-X% per year).

In value terms, the largest explosives suppliers to Bulgaria were Russia ($X), Romania ($X) and Serbia ($X), with a combined X% share of total imports. These countries were followed by the Czech Republic, Poland, Greece and Italy, which together accounted for a further X experienced the highest growth rate of imports, among the main suppliers over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average explosives import price stood at $X per tonne in 2018, coming down by -X% against the previous year. Overall, the explosives import price, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2016 an increase of X% year-to-year. In that year, the average import prices for prepared explosives attained their peak level of $X per tonne. From 2017 to 2018, the growth in terms of the average import prices for prepared explosives remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Russia ($X per tonne), while the price for Romania ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform