Bulgaria: Particle Board Market 2024

Particle Board Market Size in Bulgaria

After three years of growth, the Bulgarian particle board market decreased by X% to $X in 2023. In general, consumption, however, posted a prominent increase. Over the period under review, the market attained the maximum level at $X in 2022, and then dropped in the following year.

Particle Board Production in Bulgaria

In value terms, particle board production dropped to $X in 2023 estimated in export price. Overall, production enjoyed pronounced growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2022, and then declined in the following year.

Particle Board Exports

Exports from Bulgaria

In 2023, the amount of particle board exported from Bulgaria rose markedly to X cubic meters, with an increase of X% compared with 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at X cubic meters in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, particle board exports reduced to $X in 2023. Overall, total exports indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Greece (X cubic meters), Algeria (X cubic meters) and Turkey (X cubic meters) were the main destinations of particle board exports from Bulgaria, together comprising X% of total exports. Serbia, Italy, North Macedonia, Saudi Arabia, Romania, Cyprus, Kosovo, Israel and Morocco lagged somewhat behind, together accounting for 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 Saudi Arabia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for particle board exported from Bulgaria were Greece ($X), Algeria ($X) and Turkey ($X), together accounting for X% of total exports. Serbia, North Macedonia, Italy, Saudi Arabia, Cyprus, Romania, Kosovo, Morocco and Israel lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Saudi Arabia, 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

In 2023, the average particle board export price amounted to $X per cubic meter, waning by X% against the previous year. In general, export price indicated a measured expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, particle board export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2022, and then fell in the following year.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per cubic meter), while the average price for exports to Israel ($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 Kosovo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Particle Board Imports

Imports into Bulgaria

In 2023, after two years of growth, there was significant decline in supplies from abroad of particle board, when their volume decreased by X% to X cubic meters. In general, imports, however, continue to indicate modest growth. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X cubic meters, and then reduced notably in the following year.

In value terms, particle board imports shrank significantly to $X in 2023. Over the period under review, total imports indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then fell markedly in the following year.

Imports by Country

Romania (X cubic meters), Turkey (X cubic meters) and Hungary (X cubic meters) were the main suppliers of particle board imports to Bulgaria, together accounting for X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) constituted the largest supplier of particle board to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Hungary, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Romania totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Hungary (X% per year).

Import Prices by Country

In 2023, the average particle board import price amounted to $X per cubic meter, rising by X% against the previous year. Overall, import price indicated notable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, particle board import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2023 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for Turkey ($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 Greece (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform