Bulgaria: Metal Tubular Rivet Market 2024

Metal Tubular Rivet Market Size in Bulgaria

The Bulgarian metal tubular rivet market was finally on the rise to reach $X in 2021, after two years of decline. In general, the total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -36.0% against 2018 indices. Metal tubular rivet consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Metal Tubular Rivet Exports

Exports from Bulgaria

In 2021, overseas shipments of base metal tubular or bifurcated rivets decreased by -14.4% to X tons, falling for the second consecutive year after six years of growth. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2016 with an increase of 225% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, metal tubular rivet exports surged to $X in 2021. Overall, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 191% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Serbia (X kg), Romania (X kg) and North Macedonia (X kg) were the main destinations of metal tubular rivet exports from Bulgaria, together accounting for 70% of total exports. Germany, Moldova and Italy lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +79.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal tubular rivet exported from Bulgaria were Italy ($X), Germany ($X) and North Macedonia ($X), together comprising 83% of total exports.

Germany, with a CAGR of +60.9%, recorded the highest growth rate of 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 metal tubular rivet export price stood at $X per ton in 2021, rising by 77% against the previous year. In general, the export price, however, recorded a deep reduction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+368.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Tubular Rivet Imports

Imports into Bulgaria

In 2021, after two years of decline, there was growth in overseas purchases of base metal tubular or bifurcated rivets, when their volume increased by 2.3% to X tons. In general, imports, however, continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 50%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, metal tubular rivet imports expanded remarkably to $X in 2021. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -24.8% against 2018 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 57% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of metal tubular rivet imports to Bulgaria, with a combined 78% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +10.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of base metal tubular or bifurcated rivets to Bulgaria, comprising 67% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by the Czech Republic, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.2% per year) and the Czech Republic (+5.1% per year).

Import Prices by Country

The average metal tubular rivet import price stood at $X per ton in 2021, increasing by 9.1% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal tubular rivet import price increased by +93.6% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 38%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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