Bulgaria: Market for Articles Of Non-Malleable Cast Iron 2025

Market Size for Articles Of Non-Malleable Cast Iron in Bulgaria

In 2022, the Bulgarian non-malleable cast iron articles market decreased by -6.1% to $X, falling for the third year in a row after three years of growth. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.1% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Articles Of Non-Malleable Cast Iron in Bulgaria

In value terms, non-malleable cast iron articles production reached $X in 2022 estimated in export price. Overall, production, however, recorded slight growth. The growth pace was the most rapid in 2013 when the production volume increased by 47% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports from Bulgaria

In 2022, overseas shipments of articles of non-malleable cast iron increased by 2.4% to X tons, rising for the second year in a row after four years of decline. Overall, exports, however, continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2014 with an increase of 27%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-malleable cast iron articles exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +98.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for non-malleable cast iron articles exports from Bulgaria, with a 54% share of total exports. Moreover, non-malleable cast iron articles exports to Italy exceeded the volume sent to the second major destination, Turkey (X tons), fourfold. The third position in this ranking was held by Poland (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+8.9% per year) and Poland (+8.8% per year).

In value terms, Italy ($X) remains the key foreign market for articles of non-malleable cast iron exports from Bulgaria, comprising 49% of total exports. The second position in the ranking was taken by Poland ($X), with a 16% share of total exports. It was followed by Turkey, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+18.8% per year) and Turkey (+13.3% per year).

Export Prices by Country

In 2022, the average non-malleable cast iron articles export price amounted to $X per ton, surging by 35% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-malleable cast iron articles export price increased by +100.2% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Finland ($X 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 Germany (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Non-Malleable Cast Iron

Imports into Bulgaria

In 2022, imports of articles of non-malleable cast iron into Bulgaria contracted rapidly to X tons, shrinking by -18.8% against the previous year. In general, imports showed a noticeable decrease. The pace of growth was the most pronounced in 2018 when imports increased by 42%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-malleable cast iron articles imports declined to $X in 2022. Over the period under review, imports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest non-malleable cast iron articles supplier to Bulgaria, with a 54% share of total imports. Moreover, non-malleable cast iron articles imports from Turkey exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-2.2% per year) and Germany (-10.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of articles of non-malleable cast iron to Bulgaria, comprising 47% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by Austria, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-16.2% per year) and Austria (+0.7% per year).

Import Prices by Country

In 2022, the average non-malleable cast iron articles import price amounted to $X per ton, growing by 5.6% against the previous year. Over the period under review, the import price, however, saw a perceptible downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by 35% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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