Bulgaria: Agglomerated Powder Rod Market 2025

Agglomerated Powder Rod Market Size in Bulgaria

The Bulgarian agglomerated powder rod market reached $X in 2021, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a mild descent. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Agglomerated Powder Rod Exports

Exports from Bulgaria

In 2021, overseas shipments of base metal wire and rods of agglomerated base powder increased by 928% to X tons, rising for the second consecutive year after six years of decline. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 940% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, agglomerated powder rod exports skyrocketed to $X in 2021. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Belgium (X tons) and Switzerland (X tons) were the main destinations of agglomerated powder rod exports from Bulgaria, with a combined 97% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +530.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for agglomerated powder rod exported from Bulgaria were France ($X), Belgium ($X) and Switzerland ($X), together comprising 98% of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of +360.5%, saw 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 2021, the average agglomerated powder rod export price amounted to $X per ton, picking up by 11% against the previous year. Overall, the export price, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 145% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per ton), while the average price for exports to Belize ($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 North Macedonia (+1.2%), while the prices for the other major destinations experienced a decline.

Agglomerated Powder Rod Imports

Imports into Bulgaria

Agglomerated powder rod imports into Bulgaria rose sharply to X tons in 2021, surging by 12% on the previous year's figure. Over the period under review, imports continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 101% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, agglomerated powder rod imports soared to $X in 2021. Overall, total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +57.1% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 91%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Greece (X tons) constituted the largest supplier of agglomerated powder rod to Bulgaria, accounting for a 86% share of total imports. Moreover, agglomerated powder rod imports from Greece exceeded the figures recorded by the second-largest supplier, Italy (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Greece stood at +4.0%.

In value terms, Greece ($X) constituted the largest supplier of base metal wire and rods of agglomerated base powder to Bulgaria, comprising 81% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Greece amounted to +5.7%.

Import Prices by Country

The average agglomerated powder rod import price stood at $X per ton in 2021, growing by 40% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Greece totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.2%).

Source: IndexBox Platform

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