Market research

Coniferous wood fuel market in Bulgaria

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market for coniferous wood fuel in Bulgaria began the period at 717 thousand cubic meters in 2018 but fell sharply to 541 thousand cubic meters in 2019. It then stabilized near 540 thousand cubic meters in 2020.

Consumption continued to decrease, reaching 523 thousand cubic meters in 2021. A brief rebound lifted the market to 566 thousand cubic meters in 2022, before it dropped again to 474 thousand cubic meters in 2023.

In 2024, the Executive Forest Agency issued Order No. 1292/31.12.2024 setting prices for compensatory afforestation, introducing new forestry regulations. Simultaneously, global factors and a growing preference for alternative energy sources reduced demand for traditional fuels including wood fuel.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Bulgaria
  1. 5.1.1. Annual dynamics of production in Bulgaria in kind, 2018-2023, K m³
  2. 5.1.2. Annual dynamics of production in Bulgaria in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K m³
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K m³
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K m³
    1. 6.1.2.1. Annual dynamics of product's imports to Bulgaria in kind, 2018-2024, K m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Bulgaria by countries, 2018-2024, K m³
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Bulgaria in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Bulgaria by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/m³
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Bulgaria, 2018-2024, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Bulgaria by countries, 2018-2024, $ US/m³
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K m³
    1. 6.2.2.1. Annual dynamics of product's imports to Bulgaria in kind, 2018-2024, K m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Bulgaria by countries, 2018-2024, K m³
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Bulgaria in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Bulgaria by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/m³
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Bulgaria, 2018-2024, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Bulgaria by countries, 2018-2024, $ US/m³
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K m³
    1. 7.1.2.1. Annual dynamics of product's exports from Bulgaria in kind, 2018-2024, K m³
    2. 7.1.2.2. Dynamics of product's exports in kind from Bulgaria by countries, 2018-2024, K m³
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Bulgaria in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Bulgaria by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/m³
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Bulgaria, 2018-2024, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's exports from Bulgaria by countries, 2018-2024, $ US/m³
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K m³
    1. 7.2.2.1. Annual dynamics of product's exports from Bulgaria in kind, 2018-2024, K m³
    2. 7.2.2.2. Dynamics of product's exports in kind from Bulgaria by countries, 2018-2024, K m³
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Bulgaria in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Bulgaria by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/m³
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Bulgaria, 2018-2024, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's exports from Bulgaria by countries, 2018-2024, $ US/m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K m³
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K m³
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production coniferous wood fuel in Bulgaria

In kind, 2017-2020, K m³

Top producers of coniferous wood fuel, 2017-2020

Source: SHEV.io

World map of production of coniferous wood fuel, 2017-2020

Source: SHEV.io

Bulgaria's coniferous wood fuel production declined for the third consecutive year. In 2020, the country produced 642.8 K m³ of coniferous wood fuel, marking a 7.7% decrease compared to 2019. Over the period from 2017 to 2020, production fell by 26.5%, with an average annual decline of 9.8%.

Annual dynamics of production in Bulgaria in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.8%)	(18.1%)	(7.7%)	(9.8%)

Source: SHEV.io

In value, 2017-2020, K $ US

Bulgaria's coniferous wood fuel production declined for the third consecutive year. In 2020, the output was valued at 30 617 K $ US, representing a 1.5% reduction compared to the previous year. From 2017 to 2020, production decreased by 36%, with an average annual decline of 13.8%.

Annual dynamics of production in Bulgaria in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.4%)	(34.8%)	(1.5%)	(13.8%)

Source: SHEV.io

Exports coniferous wood fuel from Bulgaria

Exports in kind, K m³

After a two-year rise, Bulgaria's coniferous wood fuel exports declined. In 2020, exports totalled 103.3 K m³, a steep drop of 33.6% compared to 2019. Over the period from 2017 to 2020, exports decreased by 16.2%, with an average annual decline of 5.7%. The maximum volume was recorded in 2019 at 155.7 K m³, which also saw the largest increase of 17.1%.

Annual dynamics of product's exports from Bulgaria in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	7.9%	17.1%	(33.6%)	(5.7%)

Source: SHEV.io

From 2017 to 2020, Greece accounted for 71.0% of Bulgaria's total coniferous wood fuel exports in kind, with the remaining flows distributed among a broad group of smaller countries.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Bulgaria in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Bulgaria's coniferous wood fuel exports declined for the second consecutive year. In 2020, exports were valued at 4 922 K $ US, which is 29.2% lower than in 2019. Over the period from 2017 to 2020, exports decreased by 27%, with an average annual decline of 9.9%. The maximum value was recorded in 2018 at 7 454 K $ US, which also saw the largest increase of 10.6%.

Annual dynamics of product's exports from Bulgaria in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	10.6%	(6.8%)	(29.2%)	(9.9%)

Source: SHEV.io

From 2017 to 2020, Bulgaria's coniferous wood fuel exports in value terms were strongly focused on Greece, which accounted for 72.8% of total flows, with other partners making up the remainder.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Bulgaria in value, 2017-2020

Source: SHEV.io

Imports coniferous wood fuel to Bulgaria

Imports in kind, K m³

In 2020, Bulgaria's coniferous wood fuel imports amounted to 0.0 K m³, a solid fall of 14.0% compared to 2019. Between 2017 and 2020, imports decreased by 53.1%, equating to an average annual decline of 22.3%. The minimum volume was recorded in 2018 at 0.0 K m³, which also saw the largest decline of 66.1%. The largest increase occurred in 2019 at 60.8%.

Annual dynamics of product's imports to Bulgaria in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(66.1%)	60.8%	(14.0%)	(22.3%)

Source: SHEV.io

From 2017 to 2020, the main sources for Bulgaria's coniferous wood fuel imports in kind were Romania (32.7% of imports), Austria (23.5% of imports), and Greece (15.5% of imports), together accounting for 71.7% of total flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Bulgaria in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

The market exhibited an unstable trend throughout the timeframe. Imports peaked in 2019 at 39 K $ US and reached their lowest point in 2018 at 13 K $ US, with a 3.1-fold difference between these years. In 2020, imports stood at 20 K $ US, representing a sharp drop of 48.9% compared to 2019. The largest decline was recorded in 2018 at 62.5%, while the largest increase occurred in 2019 at 210.7%.

Annual dynamics of product's imports to Bulgaria in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(62.5%)	210.7%	(48.9%)	(15.8%)

Source: SHEV.io

From 2017 to 2020, the main suppliers of coniferous wood fuel to Bulgaria in value terms were Austria (30.2% of imports), Greece (28.3% of imports), and Italy (15.6% of imports), together comprising 74.1% of total imports.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Bulgaria in value, 2017-2020

Source: SHEV.io