Bulgaria: Veneer Sheets Market 2024

Veneer Sheets Market Size in Bulgaria

In 2022, the Bulgarian veneer sheets market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Veneer Sheets Exports

Exports from Bulgaria

In 2022, the amount of veneer sheets exported from Bulgaria reduced remarkably to X cubic meters, shrinking by X% against the previous year. Over the period under review, exports showed a noticeable setback. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X cubic meters. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, veneer sheets exports rose modestly to $X in 2022. Overall, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X cubic meters) was the main destination for veneer sheets exports from Bulgaria, with a X% share of total exports. Moreover, veneer sheets exports to Germany exceeded the volume sent to the second major destination, Serbia (X cubic meters), twofold. The third position in this ranking was taken by North Macedonia (X cubic meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and North Macedonia (X% per year).

In value terms, Germany ($X) remains the key foreign market for veneer sheets exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Serbia, with a X% share.

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

Export Prices by Country

The average veneer sheets export price stood at $X per cubic meter in 2022, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheets Imports

Imports into Bulgaria

In 2022, purchases abroad of veneer sheets increased by X% to X cubic meters, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, recorded a slight contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at X cubic meters in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, veneer sheets imports skyrocketed to $X in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Romania (X cubic meters) constituted the largest veneer sheets supplier to Bulgaria, accounting for a X% share of total imports. Moreover, veneer sheets imports from Romania exceeded the figures recorded by the second-largest supplier, Serbia (X cubic meters), threefold. The third position in this ranking was taken by Germany (X cubic meters), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Romania was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (X% per year) and Germany (X% per year).

In value terms, the largest veneer sheets suppliers to Bulgaria were Romania ($X), the Czech Republic ($X) and Ukraine ($X), together comprising X% of total imports. Germany, Serbia, Latvia and Russia lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 veneer sheets import price stood at $X per cubic meter in 2022, with an increase of X% against the previous year. Overall, the import price recorded a resilient increase. 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 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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