Bulgaria: Aluminium Bar Market 2024

Aluminium Bar Market Size in Bulgaria

In 2021, after two years of decline, there was significant growth in the Bulgarian aluminium bar market, when its value increased by 64% to $X. Over the period under review, consumption posted resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Aluminium Bar Production in Bulgaria

In value terms, aluminium bar production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Aluminium Bar Exports

Exports from Bulgaria

In 2021, aluminium bar exports from Bulgaria surged to X tons, picking up by 36% on the previous year's figure. Overall, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, aluminium bar exports skyrocketed to $X in 2021. Over the period under review, exports saw prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Poland (X tons) and the Netherlands (X tons) were the main destinations of aluminium bar exports from Bulgaria, with a combined 50% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +31.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium bar exported from Bulgaria were Germany ($X), Poland ($X) and the Netherlands ($X), with a combined 47% share of total exports. Austria, Belgium, the UK, Romania, Greece, Serbia, the Czech Republic, Ukraine, Hungary and Denmark lagged somewhat behind, together comprising a further 40%.

Belgium, with a CAGR of +34.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aluminium bar export price stood at $X per ton in 2021, increasing by 28% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, the highest price was recorded for prices to Austria ($X per ton) and the UK ($X per ton), while the average price for exports to Denmark ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Bar Imports

Imports into Bulgaria

In 2021, after two years of decline, there was significant growth in supplies from abroad of aluminium bars, rods and profiles, when their volume increased by 72% to X tons. Overall, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 92% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, aluminium bar imports skyrocketed to $X in 2021. Over the period under review, imports recorded a resilient increase. The pace of growth was the most pronounced in 2018 when imports increased by 90% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X tons), Greece (X tons) and Romania (X tons) were the main suppliers of aluminium bar imports to Bulgaria, together comprising 84% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +45.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium bar suppliers to Bulgaria were Turkey ($X), Greece ($X) and Romania ($X), together accounting for 76% of total imports.

Romania, with a CAGR of +47.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aluminium bar import price stood at $X per ton in 2021, picking up by 8.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2020 when the average import price increased by 17%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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