Bulgaria: Cadmium Market 2025

Cadmium Market Size in Bulgaria

In 2022, the Bulgarian cadmium market increased by 987% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption enjoyed a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cadmium Production in Bulgaria

In value terms, cadmium production dropped slightly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 42%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Cadmium Exports

Exports from Bulgaria

In 2021, the amount of cadmium exported from Bulgaria was estimated at X tons, remaining constant against the previous year's figure. Overall, exports, however, continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 88% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, cadmium exports rose notably to $X in 2021. In general, exports, however, continue to indicate a slight contraction. The growth pace was the most rapid in 2017 with an increase of 150%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for cadmium exports from Bulgaria, accounting for a 83% share of total exports. Moreover, cadmium exports to India exceeded the volume sent to the second major destination, Malaysia (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume to India stood at +13.2%.

In value terms, India ($X) remains the key foreign market for cadmium exports from Bulgaria, comprising 81% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled +15.4%.

Export Prices by Country

The average cadmium export price stood at $X per ton in 2021, surging by 11% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cadmium export price decreased by -14.1% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 51% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+34.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cadmium Imports

Imports into Bulgaria

In 2021, purchases abroad of cadmium decreased by 0% to X kg, falling for the second year in a row after three years of growth. In general, imports posted buoyant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 135%. As a result, imports reached the peak of X kg. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cadmium imports totaled $X in 2021. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 124% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Germany (X kg) was the main supplier of cadmium to Bulgaria, accounting for a approx. 100% share of total imports.

From 2013 to 2021, the average annual growth rate of volume from Germany amounted to +7.7%.

In value terms, Germany ($X) constituted the largest supplier of cadmium to Bulgaria.

From 2013 to 2021, the average annual growth rate of value from Germany amounted to +22.4%.

Import Prices by Country

The average cadmium import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the import price recorded resilient growth. The pace of growth appeared the most rapid in 2016 an increase of 200% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2013 to 2021, the rate of growth in terms of prices for Germany amounted to +13.7% per year.

Source: IndexBox Platform

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