Wood Manufacturing Market in Bulgaria 2016-2020

Outlook of the wood manufacturing market in Bulgaria

During the forecast period, the market for wood manufacturing in Bulgaria will grow steadily at a CAGR of almost 4% by 2020. The recent increase in the inflow of FDI will help to spur this market’s growth prospects over the next few years. With the growth of the furniture industry, large companies are setting up facilities closer to forests to reduce transportation costs. Kronospan, an international company that manufactures wood-based panels, has invested USD 110 million since 1997 for the modernization of its plant in Burgas. In 2011, the company invested an additional USD 119 million to enhance its production capacity of particle boards to 17.65 million cubic feet per year. With the increasing inflow of FDI, manufacturers can invest in modernizing their existing wood processing facilities, which will, in turn, increase their yield and lower operating costs.

This market research report also identifies factors like the high demand for wood flooring to incite growth in this market during the forecast period. Technavio’s market research analysts have estimated that Eastern European countries account for 4.3% of the global spending on wood flooring. The demand for wood flooring is expected to contribute to a rise in the demand for semi-finished products such as medium-density fiberboards, which are extensively used for a wide array of wood flooring applications.

Competitive landscape and key vendors

This market is characterized by the presence of intense competition among the vendors. The level of competition among the vendors will intensify with an increase in product/service extensions, technological innovations, and M&As. The international players in this market are expected to grow inorganically by acquiring regional or local players.

Top manufacturers in this market are -

• Holzindustrie Schweighofer
• Kronospan
• Egger
• JF Furnir
• Romsilva
• Timberwood
• Lafor
• Groupe Lefebvre
• Romanel
• Palrom Products
• Snijana
• Vicla
• Furnir Wood
• Becker-Romania
• Losan Romania
• Tanex Wood
• Koncord Trans

Segmentation by type of process and analysis of the wood manufacturing market in Bulgaria

• Manufacture of wood-based panels
• Sawmilling and planing of wood
• Manufacture of other wood products

In terms of revenue, manufacture of wood-based panels accounted for 48% of the wood manufacturing market in Bulgaria during 2015. This market segment was closely followed by the sawmilling and planing of wood, which accounted for around 35% of the total market share.

Segmentation by type of semi-finished products and analysis of the wood manufacturing market in Bulgaria

• Particle boards
• Fiberboards
• Oriented strand boards (OSB)
• Plywood
• Wood veneer

In 2015, the particle boards segment dominated this market by accounting for a market share of more than 36%. Particle board is the trade name for panels manufactured from small pieces of wood, which are coated with veneer, laminated paper, or foil.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the wood manufacturing market in Bulgaria?
• What are the key market trends impacting the growth of the wood manufacturing market in Bulgaria?
• What are the challenges to market growth?
• Who are the key vendors in wood manufacturing market in Bulgaria?
• What are the market opportunities and threats faced by the vendors in the wood manufacturing market in Bulgaria?
• Trending factors influencing the market shares of Bulgaria.
• What are the key outcomes of the five forces analysis of wood manufacturing market in Bulgaria?

Technavio also offers customization on reports based on specific client requirement.

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