Bulgaria: Coated Arc-Welding Electrode Market 2024

Coated Arc-Welding Electrode Market Size in Bulgaria

The Bulgarian coated arc-welding electrode market fell slightly to $X in 2022, declining by X% against the previous year. Overall, consumption continues to indicate a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Coated Arc-Welding Electrode Production in Bulgaria

In value terms, coated arc-welding electrode production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a drastic downturn. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Coated Arc-Welding Electrode Exports

Exports from Bulgaria

In 2022, approx. X tons of coated base metal electrodes for electric arc-welding were exported from Bulgaria; growing by X% against the year before. Over the period under review, exports, however, faced a precipitous shrinkage. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, coated arc-welding electrode exports surged to $X in 2022. Overall, exports, however, recorded a sharp contraction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

North Macedonia (X tons), Algeria (X tons) and Romania (X tons) were the main destinations of coated arc-welding electrode exports from Bulgaria, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by North Macedonia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for coated arc-welding electrode exported from Bulgaria were Slovakia ($X), North Macedonia ($X) and Algeria ($X), with a combined X% share of total exports.

Among the main countries of destination, North Macedonia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average coated arc-welding electrode export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price showed a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to North Macedonia ($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 the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Coated Arc-Welding Electrode Imports

Imports into Bulgaria

In 2022, the amount of coated base metal electrodes for electric arc-welding imported into Bulgaria shrank markedly to X tons, waning by X% against the previous year. Over the period under review, imports, however, enjoyed a pronounced increase. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, coated arc-welding electrode imports dropped to $X in 2022. Overall, imports, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Hungary (X tons), Turkey (X tons) and the Czech Republic (X tons) were the main suppliers of coated arc-welding electrode imports to Bulgaria, with a combined X% share of total imports. China, Austria, Romania, Vietnam, Slovenia and Poland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Turkey ($X) and the Czech Republic ($X) were the largest coated arc-welding electrode suppliers to Bulgaria, with a combined X% share of total imports. Austria, China, Romania, Slovenia, Vietnam and Poland lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 coated arc-welding electrode import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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