Bulgaria: Base Metal Padlock Market 2025

Base Metal Padlock Market Size in Bulgaria

The Bulgarian base metal padlock market rose rapidly to $X in 2022, with an increase of 9.9% against the previous year. Over the period under review, consumption posted a prominent expansion. Base metal padlock consumption peaked in 2022 and is expected to retain growth in the near future.

Base Metal Padlock Production in Bulgaria

In value terms, base metal padlock production fell to $X in 2022 estimated in export price. Overall, production showed a abrupt slump. The growth pace was the most rapid in 2013 when the production volume increased by 30%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Base Metal Padlock Exports

Exports from Bulgaria

In 2022, after two years of decline, there was significant growth in overseas shipments of base metal padlocks, when their volume increased by 75% to X tons. In general, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2019 when exports increased by 471% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, base metal padlock exports rose sharply to $X in 2022. Over the period under review, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2019 when exports increased by 275%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X tons) was the main destination for base metal padlock exports from Bulgaria, accounting for a 43% share of total exports. Moreover, base metal padlock exports to Romania exceeded the volume sent to the second major destination, Kuwait (X tons), twofold. Greece (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Romania totaled +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+75.2% per year) and Greece (+8.1% per year).

In value terms, Kuwait ($X) remains the key foreign market for base metal padlocks exports from Bulgaria, comprising 52% of total exports. The second position in the ranking was held by North Macedonia ($X), with a 16% share of total exports. It was followed by Romania, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kuwait stood at +115.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (-5.3% per year) and Romania (+11.1% per year).

Export Prices by Country

The average base metal padlock export price stood at $X per ton in 2022, waning by -34.4% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 120% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Romania ($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 Kuwait (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Padlock Imports

Imports into Bulgaria

In 2022, after two years of decline, there was significant growth in overseas purchases of base metal padlocks, when their volume increased by 34% to X tons. In general, imports saw a temperate expansion. The growth pace was the most rapid in 2018 with an increase of 49%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, base metal padlock imports amounted to $X in 2022. Overall, imports saw resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 60% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of base metal padlock to Bulgaria, with a 89% share of total imports. Moreover, base metal padlock imports from China exceeded the figures recorded by the second-largest supplier, Romania (X tons), more than tenfold. The third position in this ranking was taken by the Netherlands (X tons), with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+78.3% per year) and the Netherlands (+4.1% per year).

In value terms, China ($X) constituted the largest supplier of base metal padlocks to Bulgaria, comprising 80% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 4.8% share of total imports. It was followed by Romania, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.0% per year) and Romania (+74.7% per year).

Import Prices by Country

In 2022, the average base metal padlock import price amounted to $X per ton, waning by -16.3% against the previous year. Over the period under review, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 62% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined significantly in the following year.

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 the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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