Bulgaria: Market for Wood Pellets And Other Agglomerates 2024

Market Size for Wood Pellets And Other Agglomerates in Bulgaria

In 2022, the Bulgarian market for wood pellets and other agglomerates increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a buoyant increase. Wood pellets and other agglomerates consumption peaked in 2022 and is likely to continue growth in the near future.

Production of Wood Pellets And Other Agglomerates in Bulgaria

In value terms, wood pellets and other agglomerates production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, posted a strong expansion. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Wood pellets and other agglomerates production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Wood Pellets And Other Agglomerates

Exports from Bulgaria

In 2022, shipments abroad of wood pellets and other agglomerates decreased by X% to X tons, falling for the third year in a row after three years of growth. Overall, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, wood pellets and other agglomerates exports surged to $X in 2022. In general, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Greece (X tons) was the main destination for wood pellets and other agglomerates exports from Bulgaria, with a X% share of total exports. Moreover, wood pellets and other agglomerates exports to Greece exceeded the volume sent to the second major destination, Italy (X tons), sixfold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, 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: Italy (X% per year) and Germany (X% per year).

In value terms, Greece ($X) remains the key foreign market for wood pellets and other agglomerates exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by North Macedonia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Greece stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and North Macedonia (X% per year).

Export Prices by Country

The average export price for wood pellets and other agglomerates stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, export price indicated resilient growth 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, wood pellets and other agglomerates export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Austria ($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 Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Pellets And Other Agglomerates

Imports into Bulgaria

In 2022, approx. X tons of wood pellets and other agglomerates were imported into Bulgaria; jumping by X% against 2021 figures. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, wood pellets and other agglomerates imports skyrocketed to $X in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Turkey (X tons), Ukraine (X tons) and Romania (X tons) were the main suppliers of wood pellets and other agglomerates imports to Bulgaria, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Romania ($X) and Ukraine ($X) were the largest wood pellets and other agglomerates suppliers to Bulgaria, with a combined X% share of total imports.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 wood pellets and other agglomerates stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, import price indicated a temperate expansion 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, wood pellets and other agglomerates import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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