Bulgaria: Plywood Market 2024

Plywood Market Size in Bulgaria

In 2023, the Bulgarian plywood market increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption continues to indicate a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Plywood Production in Bulgaria

In value terms, plywood production rose slightly to $X in 2023 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Plywood Exports

Exports from Bulgaria

In 2023, overseas shipments of plywood decreased by X% to X cubic meters, falling for the second consecutive year after two years of growth. In general, exports saw a mild setback. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports attained the peak of X cubic meters. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, plywood exports contracted notably to $X in 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2022, and then contracted notably in the following year.

Exports by Country

Romania (X cubic meters), Greece (X cubic meters) and Germany (X cubic meters) were the main destinations of plywood exports from Bulgaria, with a combined X% share of total exports. France, Austria, Italy, Serbia, Spain, North Macedonia, the Netherlands, the Czech Republic, Morocco and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plywood exported from Bulgaria were Romania ($X), Germany ($X) and France ($X), with a combined X% share of total exports. Austria, Italy, Greece, Spain, North Macedonia, the Netherlands, the Czech Republic, Serbia, Morocco and Turkey lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Spain, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plywood export price stood at $X per cubic meter in 2023, which is down by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per cubic meter, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per cubic meter), while the average price for exports to Serbia ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plywood Imports

Imports into Bulgaria

In 2023, plywood imports into Bulgaria surged to X cubic meters, growing by X% against the year before. Over the period under review, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plywood imports declined rapidly to $X in 2023. Overall, imports recorded temperate growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2022, and then declined notably in the following year.

Imports by Country

In 2023, Kazakhstan (X cubic meters) constituted the largest supplier of plywood to Bulgaria, accounting for a X% share of total imports. Moreover, plywood imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, China (X cubic meters), sixfold. Turkey (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Kazakhstan stood at X.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Turkey (X% per year).

In value terms, the largest plywood suppliers to Bulgaria were China ($X), Turkey ($X) and Kazakhstan ($X), together comprising X% of total imports.

Among the main suppliers, Kazakhstan, 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

In 2023, the average plywood 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 deep reduction. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for Kazakhstan ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform