Bulgaria: Mdf Market 2024

Mdf Market Size in Bulgaria

The Bulgarian MDF market plummeted to $X in 2021, reducing by -86.1% against the previous year. In general, consumption faced a deep downturn. As a result, consumption reached the peak level of $X, and then reduced notably in the following year.

Mdf Production in Bulgaria

In value terms, MDF production contracted rapidly to $X in 2021 estimated in export price. Overall, production saw a resilient expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 314%. As a result, production attained the peak level of $X, and then dropped remarkably in the following year.

Mdf Exports

Exports from Bulgaria

In 2021, exports of MDF from Bulgaria surged to X cubic meters, jumping by 782% on 2020 figures. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, MDF exports skyrocketed to $X in 2021. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Tunisia (X cubic meters), Greece (X cubic meters) and Algeria (X cubic meters) were the main destinations of MDF exports from Bulgaria, with a combined 63% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Algeria (with a CAGR of +1,094.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for MDF exported from Bulgaria were Greece ($X), Tunisia ($X) and Algeria ($X), with a combined 55% share of total exports. These countries were followed by Serbia, Morocco, Kosovo, North Macedonia and Turkey, which together accounted for a further 28%.

In terms of the main countries of destination, Kosovo, with a CAGR of +733.6%, saw 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 2021, the average MDF export price amounted to $X per cubic meter, shrinking by -33.4% against the previous year. Overall, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 39% against the previous year. The export price peaked at $X per cubic meter in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Greece ($X per cubic meter), while the average price for exports to Tunisia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (-2.3%), while the prices for the other major destinations experienced a decline.

Mdf Imports

Imports into Bulgaria

In 2021, mdf imports into Bulgaria expanded significantly to X cubic meters, with an increase of 5.3% on the year before. Overall, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +99.8% against 2012 indices. The most prominent rate of growth was recorded in 2017 with an increase of 15% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, MDF imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X cubic meters), Romania (X cubic meters) and Germany (X cubic meters) were the main suppliers of MDF imports to Bulgaria, with a combined 61% share of total imports. Russia, Hungary, Poland, Greece, Italy, Austria, China and Switzerland lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +32.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest MDF suppliers to Bulgaria were Turkey ($X), Germany ($X) and Romania ($X), together accounting for 57% of total imports. Russia, Hungary, Poland, Greece, Austria, Italy, China and Switzerland lagged somewhat behind, together accounting for a further 29%.

Russia, with a CAGR of +28.9%, recorded the highest rates of growth with regard to 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

In 2021, the average MDF import price amounted to $X per cubic meter, picking up by 27% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per cubic meter), while the price for Italy ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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