Bulgaria: Market for Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips 2025

Market Size for Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips in Bulgaria

The Bulgarian market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips declined notably to $X in 2021, with a decrease of -26.5% against the previous year. Over the period under review, consumption, however, continues to indicate a prominent expansion. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

Production of Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips in Bulgaria

In value terms, production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips declined notably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate modest growth. The most prominent rate of growth was recorded in 2018 with an increase of 237% against the previous year. Over the period under review, production of reached the peak level at $X in 2020, and then dropped remarkably in the following year.

Exports of Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips

Exports from Bulgaria

In 2021, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Bulgaria fell to X tons, with a decrease of -8.5% on 2020. In general, exports showed a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of 211% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips skyrocketed to $X in 2021. Over the period under review, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 156% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X kg) was the main destination for exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Bulgaria, with a 48% share of total exports. Moreover, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips to Germany exceeded the volume sent to the second major destination, Russia (X kg), threefold. Vietnam (X kg) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+77.6% per year) and Vietnam (+80.9% per year).

In value terms, Russia ($X), Vietnam ($X) and Germany ($X) appeared to be the largest markets for unmounted tool inserts, sticks or plates exported from Bulgaria worldwide, together comprising 84% of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +94.5%, recorded 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

The average export price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips stood at $X per ton in 2021, rising by 59% against the previous year. Over the period under review, the export price posted strong growth. The most prominent rate of growth was recorded in 2016 an increase of 80%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to Germany ($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 Austria (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips

Imports into Bulgaria

In 2021, purchases abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips decreased by -24.7% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of 55%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips surged to $X in 2021. The total import value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Slovenia (X tons) constituted the largest supplier of unmounted tool inserts, sticks or plates to Bulgaria, with a 42% share of total imports. Moreover, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Slovenia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Slovenia totaled +172.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+47.4% per year) and Germany (-8.5% per year).

In value terms, the largest unmounted tool inserts, sticks or plates suppliers to Bulgaria were the Netherlands ($X), Belgium ($X) and Germany ($X), with a combined 66% share of total imports. Italy, Slovenia, China and Luxembourg lagged somewhat behind, together accounting for a further 26%.

In terms of the main suppliers, Slovenia, with a CAGR of +154.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips stood at $X per ton in 2021, rising by 80% against the previous year. Over the period under review, the import price, however, saw a mild reduction. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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