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Bulgaria - Chromium - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Chromium Market 2021

Chromium Market Size in Bulgaria

After two years of growth, the Bulgarian chromium market decreased by -X% to $X in 2020. Over the period under review, consumption showed a slight reduction. The growth pace was the most rapid in 2015 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2009; however, from 2010 to 2020, consumption failed to regain the momentum.

Chromium Production in Bulgaria

In value terms, chromium production declined to $X in 2020 estimated in export prices. Over the period under review, production showed a pronounced decline. The pace of growth was the most pronounced in 2009 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2010 to 2020, production growth remained at a lower figure.

Chromium Exports

Exports from Bulgaria

In 2020, overseas shipments of chromium decreased by X% to X kg for the first time since 2017, thus ending a two-year declining trend. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tons in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

In value terms, chromium exports amounted to $X in 2020. Over the period under review, exports recorded a pronounced decline. Exports peaked at $X in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons) was the main destination for chromium exports from Bulgaria, accounting for a X% share of total exports. Moreover, chromium exports to Austria exceeded the volume sent to the second major destination, the Netherlands (X tons), more than tenfold.

From 2007 to 2017, the average annual rate of growth in terms of volume to Austria was relatively modest.

From 2007 to 2017, the average annual growth rate of value to Austria was relatively modest.

Export Prices by Country

The average chromium export price stood at $X per ton in 2017, shrinking by -X% against the previous year. In general, the export price saw a perceptible curtailment. The export price peaked at $X per ton in 2010; however, from 2011 to 2017, export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2017, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Austria stood at $X per ton.

From 2007 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to Austria.

Chromium Imports

Imports into Bulgaria

In 2020, supplies from abroad of chromium decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

In value terms, chromium imports rose remarkably to $X in 2020. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2020 and are likely to see steady growth in the near future.

Imports by Country

In 2020, France (X kg) constituted the largest supplier of chromium to Bulgaria, with a X% share of total imports. Moreover, chromium imports from France exceeded the figures recorded by the second-largest supplier, the U.S. (X kg), sixfold. The third position in this ranking was occupied by Spain (X kg), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from France stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Spain (+X% per year).

In value terms, Austria ($X) constituted the largest supplier of chromium to Bulgaria, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Austria amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

In 2020, the average chromium import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure in 2020 and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Austria ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Austria, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chromium in the world?

South Africa constituted the country with the largest volume of chromium consumption, comprising approx. 46% of total volume. Moreover, chromium consumption in South Africa exceeded the figures recorded by the second-largest consumer, Turkey, twofold. Kazakhstan ranked third in terms of total consumption with a 13% share.

What are the largest producers of chromium in the world?

South Africa constituted the country with the largest volume of chromium production, accounting for 46% of total volume. Moreover, chromium production in South Africa exceeded the figures recorded by the second-largest producer, Turkey, twofold. The third position in this ranking was occupied by Kazakhstan, with a 13% share.

What are the leading suppliers of chromium to Bulgaria?

In value terms, Austria constituted the largest supplier of chromium to Bulgaria, comprising 67% of total imports. The second position in the ranking was occupied by France, with a 16% share of total imports. It was followed by the U.S., with a 6.5% share.

What is the average export price for chromium in Bulgaria?

The average chromium export price stood at $4,957 per ton in 2017, shrinking by -4.8% against the previous year.

What is the average import price for chromium in Bulgaria?

The average chromium import price stood at $33,443 per ton in 2020, rising by 12% against the previous year.

This report provides an in-depth analysis of the chromium market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023