Bulgaria: Bridge Market 2025

Bridge Market Size in Bulgaria

In 2021, after four years of growth, there was significant decline in the Bulgarian bridge market, when its value decreased by -18.7% to $X. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020, and then fell remarkably in the following year.

Bridge Production in Bulgaria

In value terms, bridge production rose notably to $X in 2021 estimated in export price. In general, production showed a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 82%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Bridge Exports

Exports from Bulgaria

After two years of decline, overseas shipments of bridges, bridge sections, towers and lattice masts (of iron or steel) increased by 52% to X tons in 2021. Overall, exports, however, saw a precipitous slump. The pace of growth appeared the most rapid in 2015 with an increase of 1,042%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, bridge exports soared to $X in 2021. In general, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 265% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Greece (X tons), the Czech Republic (X tons) and Mauritania (X tons) were the main destinations of bridge exports from Bulgaria, with a combined 51% share of total exports. These countries were followed by Slovenia, Italy, the United States, Kosovo, North Macedonia, Latvia, Morocco, Romania, Croatia and Serbia, which together accounted for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kosovo (with a CAGR of +2,208.6%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Greece ($X) and Kosovo ($X) were the largest markets for bridge exported from Bulgaria worldwide, with a combined 41% share of total exports.

Among the main countries of destination, Kosovo, with a CAGR of +2,596.2%, saw the highest rates of growth with regard to 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 bridge export price amounted to $X per ton, which is down by -10.7% against the previous year. Overall, the export price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2016 an increase of 240%. The export price peaked at $X per ton in 2020, and then shrank in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Kosovo ($X per ton), while the average price for exports to Greece ($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 (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Bridge Imports

Imports into Bulgaria

In 2021, purchases abroad of bridges, bridge sections, towers and lattice masts (of iron or steel) decreased by -44.1% to X tons, falling for the second consecutive year after two years of growth. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 344% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, bridge imports dropped dramatically to $X in 2021. In general, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2019 when imports increased by 212% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) was the main supplier of bridge to Bulgaria, accounting for a 91% share of total imports. Moreover, bridge imports from Turkey exceeded the figures recorded by the second-largest supplier, Greece (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +46.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+3.4% per year) and China (-15.4% per year).

In value terms, Turkey ($X) constituted the largest supplier of bridges, bridge sections, towers and lattice masts (of iron or steel) to Bulgaria, comprising 84% of total imports. The second position in the ranking was taken by Greece ($X), with a 4.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +40.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (-2.1% per year) and China (-18.3% per year).

Import Prices by Country

The average bridge import price stood at $X per ton in 2021, with an increase of 5% against the previous year. Overall, the import price, however, saw a abrupt downturn. The growth pace was the most rapid in 2017 when the average import price increased by 15%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+13.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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