Bulgaria: Market for Quicklime, Slaked Lime and Hydraulic Lime 2024

Market Size for Quicklime, Slaked Lime and Hydraulic Lime in Bulgaria

In 2022, the Bulgarian market for quicklime, slaked lime and hydraulic lime increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Quicklime, Slaked Lime and Hydraulic Lime in Bulgaria

In value terms, production of quicklime, slaked lime and hydraulic lime skyrocketed to $X in 2022 estimated in export price. Over the period under review, the total production indicated a noticeable increase 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. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Quicklime, Slaked Lime and Hydraulic Lime

Exports from Bulgaria

In 2022, approx. X tons of quicklime, slaked lime and hydraulic lime were exported from Bulgaria; which is down by X% on the previous year's figure. Overall, exports recorded a deep setback. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of quicklime, slaked lime and hydraulic lime shrank rapidly to $X in 2022. In general, exports saw a mild downturn. The pace of growth was the most pronounced in 2018 when exports increased by X%. The exports peaked at $X in 2021, and then plummeted in the following year.

Exports by Country

North Macedonia (X tons), Romania (X tons) and Greece (X tons) were the main destinations of exports of quicklime, slaked lime and hydraulic lime from Bulgaria, with a combined X% share of total exports. Serbia lagged somewhat behind, accounting for 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 Serbia (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for quicklime, slaked lime and hydraulic lime exported from Bulgaria were Romania ($X), North Macedonia ($X) and Greece ($X), together accounting for X% of total exports. These countries were followed by Serbia, which accounted for a further X%.

Serbia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for quicklime, slaked lime and hydraulic lime amounted to $X per ton, picking up by X% against the previous year. Over the period under review, export price indicated a prominent 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, export price for quicklime, slaked lime and hydraulic lime increased by X% against 2017 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Serbia ($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 Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Quicklime, Slaked Lime and Hydraulic Lime

Imports into Bulgaria

In 2022, the amount of quicklime, slaked lime and hydraulic lime imported into Bulgaria declined sharply to X tons, shrinking by X% compared with the previous year. Overall, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of quicklime, slaked lime and hydraulic lime reduced remarkably to $X in 2022. In general, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then dropped sharply in the following year.

Imports by Country

In 2022, Greece (X tons) constituted the largest supplier of quicklime, slaked lime and hydraulic lime to Bulgaria, with a X% share of total imports. Moreover, imports of quicklime, slaked lime and hydraulic lime from Greece exceeded the figures recorded by the second-largest supplier, Romania (X tons), twofold. The third position in this ranking was taken by Serbia (X tons), with a X% share.

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

In value terms, Greece ($X), Romania ($X) and the Czech Republic ($X) constituted the largest quicklime, slaked lime and hydraulic lime suppliers to Bulgaria, together comprising X% of total imports.

In terms of the main suppliers, Romania, 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

The average import price for quicklime, slaked lime and hydraulic lime stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price showed a pronounced expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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