Report Update: May 1, 2024

Bulgaria - Table, Kitchen Or Household Articles And Parts Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Stainless Steel Household Articles in Bulgaria - 2023

Price for Stainless Steel Household Articles in Bulgaria (CIF) - 2023

In June 2023, the average stainless steel household articles import price amounted to $4.7 per unit, with an increase of 3.9% against the previous month. In general, the import price, however, continues to indicate a slight downturn. The pace of growth appeared the most rapid in September 2022 an increase of 42% m-o-m. The import price peaked at $6.5 per unit in February 2023; however, from March 2023 to June 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($13.0 per unit), while the price for China ($2.9 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Greece (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stainless Steel Household Articles in Bulgaria (FOB) - 2022

In 2022, the average stainless steel household articles export price amounted to $3.8 per unit, increasing by 10% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 13% against the previous year. Over the period under review, the average export prices reached the maximum at $4.3 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($7.1 per unit), while the average price for exports to Iraq ($0.8 per unit) 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 (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel Household Articles in Bulgaria

In 2022, supplies from abroad of table, kitchen or household articles and parts of stainless steel decreased by -23.3% to 2.6M units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 29% against the previous year. As a result, imports attained the peak of 3.4M units, and then declined notably in the following year.

In value terms, stainless steel household articles imports shrank to $13M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.5% 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 +31.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 37%. As a result, imports attained the peak of $14M, and then fell in the following year.

Import of Stainless Steel Household Articles in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2,363	2,480	4,253	3,217	10.8%
Germany	1,408	1,784	2,197	2,246	16.8%
Turkey	1,372	1,350	1,973	1,222	-3.8%
Romania	161	286	504	982	82.7%
Slovakia	576	884	1,047	817	12.4%
Poland	1,591	917	965	805	-20.3%
Belgium	187	219	235	617	48.9%
Italy	256	452	391	488	24.0%
India	329	309	377	482	13.6%
Spain	155	133	195	382	35.1%
Hungary	195	130	120	363	23.0%
Greece	414	424	599	270	-13.3%
Austria	105	82.9	128	167	16.7%
Others	645	829	1,109	738	4.6%
Total	9,756	10,280	14,092	12,793	9.5%

Top Suppliers of Stainless Steel Household Articles to Bulgaria in 2022:

China (969.2K units)
Germany (312.6K units)
Turkey (279.4K units)
Romania (160.8K units)
Greece (158.1K units)
India (105.6K units)
Slovakia (103.2K units)
Poland (91.5K units)
Hungary (82.4K units)
Belgium (68.9K units)
Austria (68.2K units)
Spain (59.9K units)
Italy (49.5K units)

Exports of Stainless Steel Household Articles in Bulgaria

In 2022, overseas shipments of table, kitchen or household articles and parts of stainless steel decreased by -42.9% to 398K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 78%. As a result, the exports attained the peak of 698K units, and then shrank significantly in the following year.

In value terms, stainless steel household articles exports fell notably to $1.5M in 2022. Overall, exports, however, saw a moderate increase. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. As a result, the exports attained the peak of $2.4M, and then shrank remarkably in the following year.

Export of Stainless Steel Household Articles in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	358	536	597	468	9.3%
Romania	440	534	1,136	314	-10.6%
Greece	81.4	66.7	126	135	18.4%
Iraq	3.5	21.5	101	75.7	178.6%
Serbia	33.2	16.9	29.3	73.4	30.3%
Slovakia	N/A	N/A	N/A	40.3	0%
Bosnia and Herzegovina	19.5	15.4	25.4	34.0	20.4%
Others	416	230	384	369	-3.9%
Total	1,352	1,420	2,398	1,509	3.7%

Top Export Markets for Stainless Steel Household Articles from Bulgaria in 2022:

Germany (124.5K units)
Iraq (91.7K units)
Romania (72.0K units)
Greece (29.7K units)
Serbia (20.4K units)
Bosnia and Herzegovina (9.1K units)
Slovakia (8.3K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for stainless steel household articles 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:

Prodcom 25991225 - Table, kitchen or household articles and parts thereof of stainless steel (excluding cutlery)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023