Bulgaria - Iron and Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIron and Steel Price in Bulgaria - 2023
Contents:
- Iron and Steel Price in Bulgaria (CIF) - 2023
- Iron and Steel Price in Bulgaria (FOB) - 2022
- Iron and Steel Imports in Bulgaria
- Iron and Steel Exports in Bulgaria
Iron and Steel Price in Bulgaria (CIF) - 2023
In July 2023, the average iron and steel import price amounted to $487 per ton, leveling off at the previous month. Overall, the import price saw a perceptible decrease. The growth pace was the most rapid in November 2022 an increase of 16% m-o-m. Over the period under review, average import prices hit record highs at $741 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Ukraine ($558 per ton), while the price for Russia stood at $479 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Turkey (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Iron and Steel Price in Bulgaria (FOB) - 2022
The average iron and steel export price stood at $535 per ton in 2022, picking up by 10% against the previous year. Overall, the export price, however, continues to indicate a slight decline. The growth pace was the most rapid in 2021 an increase of 47% against the previous year. The export price peaked at $614 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($7,333 per ton), while the average price for exports to Greece ($405 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+27.6%), while the prices for the other major destinations experienced more modest paces of growth.
Iron and Steel Imports in Bulgaria
In 2022, approx. 19K tons of iron and steel were imported into Bulgaria; picking up by 15% compared with the year before. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +12.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, iron and steel imports skyrocketed to $14M in 2022. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 123% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Iron and Steel in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.5 | 0.7 | N/A | 4.1 | 101.7% |
| Russia | 0.4 | 0.4 | 4.4 | 3.0 | 95.7% |
| Switzerland | N/A | N/A | N/A | 2.7 | 0% |
| Ukraine | 4.6 | 2.5 | 4.9 | 1.1 | -37.9% |
| Romania | N/A | N/A | N/A | 1.1 | 0% |
| Austria | N/A | 0.9 | 0.6 | N/A | -33.3% |
| Others | 0.1 | 0.1 | 0.2 | 2.1 | 175.9% |
| Total | 5.5 | 4.6 | 10.2 | 14.1 | 36.9% |
Top Suppliers of Iron and Steel to Bulgaria in 2022:
- Austria (undefinedK tons)
- Turkey (4.1K tons)
- Russia (3.3K tons)
- Switzerland (3.2K tons)
- Ukraine (1.6K tons)
- Romania (1.4K tons)
Iron and Steel Exports in Bulgaria
In 2022, the amount of iron and steel exported from Bulgaria fell rapidly to 245 tons, with a decrease of -82.4% on 2021. Over the period under review, exports saw a sharp setback. The growth pace was the most rapid in 2021 with an increase of 90% against the previous year.
In value terms, iron and steel exports reduced remarkably to $131K in 2022. Overall, exports recorded a dramatic downturn. The growth pace was the most rapid in 2021 with an increase of 179% against the previous year.
| Export of Iron and Steel in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 1,720 | 160 | 474 | 73.6 | -65.0% |
| Germany | 10.4 | N/A | 9.8 | 24.8 | 33.6% |
| Italy | 25.3 | N/A | 37.7 | 6.4 | -36.8% |
| Serbia | 12.5 | 11.5 | 64.7 | 4.8 | -27.3% |
| North Macedonia | 111 | 1.3 | 2.9 | N/A | -83.8% |
| Romania | 151 | 30.9 | 91.0 | N/A | -22.4% |
| Others | 3.1 | 40.0 | 0.1 | 21.9 | 91.9% |
| Total | 2,033 | 243 | 680 | 131 | -59.9% |
Top Export Markets for Iron and Steel from Bulgaria in 2022:
- North Macedonia (undefined tons)
- Greece (181.7 tons)
- Germany (20.5 tons)
- Italy (5.5 tons)
- Serbia (4.1 tons)
This report provides an in-depth analysis of the iron and steel market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Bulgaria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bulgaria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
347
This report provides an in-depth analysis of the iron and steel market in Bulgaria.
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This report provides an in-depth analysis of the iron and steel market in Bulgaria.
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This report provides an in-depth analysis of the pig iron market in Bulgaria.
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This report provides an in-depth analysis of the global iron and steel market.
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This report provides an in-depth analysis of the global pig iron market.
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Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
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