Bulgaria: Rough Wood Market Overview 2021

Rough Wood Market Size in Bulgaria

In 2019, the Bulgarian rough wood market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Rough wood consumption peaked at $X in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.

Rough Wood Production in Bulgaria

In value terms, rough wood production rose rapidly to $X in 2019 estimated in export prices. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, production attained the maximum level at $X in 2011; however, from 2012 to 2019, production stood at a somewhat lower figure.

Rough Wood Exports

Exports from Bulgaria

In 2019, overseas shipments of wood in the rough decreased by X% to X cubic meters for the first time since 2016, thus ending a two-year declining trend. Overall, exports recorded perceptible growth. The growth pace was the most rapid in 2009 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X cubic meters in 2013; however, from 2014 to 2019, exports remained at a lower figure.

In value terms, rough wood exports totaled $X in 2019. Over the period under review, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. Exports peaked at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

Exports by Country

Greece (X cubic meters) was the main destination for rough wood exports from Bulgaria, with a X% share of total exports. Moreover, rough wood exports to Greece exceeded the volume sent to the second major destination, Hungary (X cubic meters), threefold.

From 2007 to 2016, the average annual rate of growth in terms of volume to Greece amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+X% per year) and Italy (+X% per year).

In value terms, Greece ($X) remains the key foreign market for rough wood exports from Bulgaria, comprising X% of total exports. The second position in the ranking was occupied by Hungary ($X), with a X% share of total exports.

From 2007 to 2016, the average annual growth rate of value to Greece amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+X% per year) and Italy (+X% per year).

Export Prices by Country

In 2016, the average rough wood export price amounted to $X per cubic meter, surging by X% against the previous year. Overall, export price indicated notable growth from 2007 to 2016: 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. Based on 2016 figures, rough wood export price decreased by -X% against 2013 indices. The pace of growth was the most pronounced in 2013 an increase of X% year-to-year. Over the period under review, average export prices attained the maximum at $X per cubic meter in 2010; however, from 2011 to 2016, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2016, the country with the highest price was Italy ($X per cubic meter), while the average price for exports to Hungary ($X per cubic meter) was amongst the lowest.

From 2007 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Greece, while the prices for the other major destinations experienced a decline.

Rough Wood Imports

Imports into Bulgaria

After three years of decline, purchases abroad of wood in the rough decreased by X% to X cubic meters in 2019. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. As a result, imports attained the peak of X cubic meters. From 2016 to 2019, the growth imports remained at a lower figure.

In value terms, rough wood imports totaled $X in 2019. In general, imports saw a significant increase. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2016, Slovakia (X cubic meters) was the main rough wood supplier to Bulgaria, accounting for a X% share of total imports. It was followed by Greece (X cubic meters), with a X% share of total imports.

From 2007 to 2016, the average annual rate of growth in terms of volume from Slovakia amounted to +X%.

In value terms, Slovakia ($X) constituted the largest supplier of rough wood to Bulgaria, comprising X% of total imports. The second position in the ranking was occupied by Greece ($X), with a X% share of total imports.

From 2007 to 2016, the average annual growth rate of value from Slovakia stood at +X%.

Import Prices by Country

In 2016, the average rough wood import price amounted to $X per cubic meter, reducing by -X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2012 an increase of X% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2013 to 2016, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Greece ($X per cubic meter), while the price for Slovakia totaled $X per cubic meter.

From 2007 to 2016, the most notable rate of growth in terms of prices was attained by Greece.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wood in the rough in the world?

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The countries with the highest volumes of rough wood consumption in 2019 were China (2.1M cubic meters), the U.S. (1.1M cubic meters) and Ireland (984K cubic meters), with a combined 28% share of global consumption. These countries were followed by New Zealand, Japan, Russia, India, Pakistan, Indonesia, Bangladesh and Brazil, which together accounted for a further 24%.

What are the largest producers of wood in the rough in the world?

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The countries with the highest volumes of rough wood production in 2019 were China (2.1M cubic meters), the U.S. (1.1M cubic meters) and Ireland (984K cubic meters), together accounting for 28% of global production.

What are the leading suppliers of wood in the rough to Bulgaria?

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In value terms, Slovakia ($48K) constituted the largest supplier of rough wood to Bulgaria, comprising 80% of total imports. The second position in the ranking was occupied by Greece ($10K), with a 17% share of total imports.

What are the leading importers of wood in the rough from Bulgaria?

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In value terms, Greece ($41K) remains the key foreign market for rough wood exports from Bulgaria, comprising 70% of total exports. The second position in the ranking was occupied by Hungary ($14K), with a 25% share of total exports.

What is the average export price for wood in the rough in Bulgaria?

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The average rough wood export price stood at $142 per cubic meter in 2016, surging by 4.5% against the previous year.

What is the average import price for wood in the rough in Bulgaria?

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In 2016, the average rough wood import price amounted to $300 per cubic meter, waning by -25.6% against the previous year.