Market research

Wood fuel market in Bulgaria

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The Bulgarian wood fuel market volume declined from 2 311 thousand m³ in 2018 to 2 001 thousand m³ in 2020, before partially recovering to 2 150 thousand m³ in 2021.

A sharp expansion to 2 616 thousand m³ occurred in 2022, driven by increased imports of Russian wood pellets entering via Turkey, a flow that circumvented international sanctions and augmented domestic supply. This growth reversed in 2023, with the market volume falling to 2 075 thousand m³.

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 wood fuel in Bulgaria

In kind, 2017-2020, K m³

Top producers of wood fuel, 2017-2020

Source: SHEV.io

World map of production of wood fuel, 2017-2020

Source: SHEV.io

Bulgaria's wood fuel production has been declining for three straight years. In 2020, the country produced 2,332 K m³ of wood fuel, which represents a 13.9% decrease compared to the previous year. Looking at the period from 2017 to 2020, production fell by 22%, with an average annual decline of 7.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.7%)	(4.9%)	(13.9%)	(7.9%)

Source: SHEV.io

In value, 2017-2020, M $ US

Bulgaria's wood fuel production value has decreased for two consecutive years. In 2020, the output was valued at 226.2 M $ US, showing a moderate decline of 5.4% from 2019. Over the 2017-2020 period, production value increased by 3.6%, with an average annual growth rate of 1.2%. The highest value was recorded in 2018 at 254.8 M $ US. The largest decline occurred in 2019 with a 6.2% drop, while the biggest increase was in 2018 with a 16.7% rise.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	16.7%	(6.2%)	(5.4%)	1.2%

Source: SHEV.io

Exports wood fuel from Bulgaria

Exports in kind, K m³

In 2020, Bulgaria's wood fuel exports amounted to 494.6 K m³, marking a significant drop of 21.2% from the previous year. Between 2017 and 2020, exports decreased by 38.8%, which translates to an average annual decline of 15.1%. The largest decline was in 2018 with a 22.5% decrease, while the largest increase was in 2019 with a modest 0.3% rise.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(22.5%)	0.3%	(21.2%)	(15.1%)

Source: SHEV.io

From 2017 to 2020, three key markets—Greece, Turkey, and Italy—collectively accounted for 87.0% of Bulgaria's total wood fuel exports in volume terms.

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 wood fuel export value has declined for three consecutive years. In 2020, exports totaled 47,969 K $ US, down by 13.4% compared to the previous year. Over the 2017-2020 period, export value decreased by 18.7%, with an average annual decline of 6.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(5.1%)	(1.0%)	(13.4%)	(6.7%)

Source: SHEV.io

During 2017–2020, Greece, Italy, and Turkey were the core markets for Bulgaria's wood fuel exports in value terms. Greece accounted for 59.3% of exports, Italy for 17.7%, and Turkey for 10.9%, together making up 87.9% of total export flows.

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 wood fuel to Bulgaria

Imports in kind, K m³

Bulgaria's wood fuel imports have increased for three straight years. In 2020, imports reached 163.3 K m³, representing a strong increase of 11.3% from 2019. Over the 2017-2020 period, imports grew by 157.8%, with an average annual growth rate of 37.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	39.1%	66.5%	11.3%	37.1%

Source: SHEV.io

From 2017 to 2020, Ukraine, Romania, and Greece were the main suppliers of wood fuel to Bulgaria in volume terms. Ukraine accounted for 44.3% of imports, Romania for 32.1%, and Greece for 7.2%, jointly representing 83.7% of total imports.

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

Bulgaria's wood fuel import value has risen for three consecutive years. In 2020, import volume stood at 19,852 K $ US, up by 6.6% from 2019. Between 2017 and 2020, imports increased by 137%, equating to an average annual growth rate of 33.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	50.2%	47.9%	6.6%	33.3%

Source: SHEV.io

In 2017–2020, Ukraine, Romania, and Greece continued to be the primary suppliers of wood fuel to Bulgaria in value terms. Ukraine made up 39.1% of imports, Romania 30.7%, and Greece 6.0%, together forming 75.8% 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