Bulgaria: Market for Copper Ores And Concentrates 2025

Market Size for Copper Ores And Concentrates in Bulgaria

The Bulgarian copper ores and concentrates market reached $X in 2021, surging by 12% against the previous year. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +37.2% against 2019 indices. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in years to come.

Production of Copper Ores And Concentrates in Bulgaria

In value terms, copper ores and concentrates production contracted to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced downturn. The growth pace was the most rapid in 2017 when the production volume increased by 25%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Copper Ores And Concentrates

Exports from Bulgaria

In 2021, copper ores and concentrates exports from Bulgaria surged to X tons, with an increase of 18% on 2020. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -13.2% against 2019 indices. The growth pace was the most rapid in 2015 when exports increased by 70% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper ores and concentrates exports soared to $X in 2021. Overall, exports, however, showed a pronounced contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for copper ores and concentrates exports from Bulgaria, accounting for a 85% share of total exports. Moreover, copper ores and concentrates exports to China exceeded the volume sent to the second major destination, Serbia (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +19.0%.

In value terms, China ($X) and Serbia ($X) were the largest markets for copper ores and concentrates exported from Bulgaria worldwide.

Among the main countries of destination, Serbia, with a CAGR of +121.6%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the average copper ores and concentrates export price amounted to $X per ton, surging by 48% against the previous year. Overall, the export price, however, showed a abrupt downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Serbia ($X per ton), while the average price for exports to China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+12.8%), while the prices for the other major destinations experienced a decline.

Imports of Copper Ores And Concentrates

Imports into Bulgaria

Copper ores and concentrates imports into Bulgaria declined to X tons in 2021, shrinking by -11.9% on 2020. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 46%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, copper ores and concentrates imports skyrocketed to $X in 2021. Over the period under review, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.9% 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 +45.9% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 78% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Georgia (X tons), Peru (X tons) and Turkey (X tons) were the main suppliers of copper ores and concentrates imports to Bulgaria, with a combined 54% share of total imports. Chile, Brazil, Panama, North Macedonia, Australia and Spain lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the biggest increases were in Chile (with a CAGR of +45.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper ores and concentrates suppliers to Bulgaria were Georgia ($X), Peru ($X) and Chile ($X), together comprising 53% of total imports. These countries were followed by Turkey, Brazil, Panama, Australia, North Macedonia and Spain, which together accounted for a further 34%.

Panama, with a CAGR of +51.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average copper ores and concentrates import price amounted to $X per ton, surging by 38% against the previous year. Overall, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper ores and concentrates import price increased by +36.5% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Australia ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+57.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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