Bulgaria: Extruded Rod Market 2022

Extruded Rod Market Size in Bulgaria

The Bulgarian extruded rod market was estimated at $X in 2021, surging by X% against the previous year. Overall, consumption, however, saw a slight reduction. Extruded rod consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Extruded Rod Production in Bulgaria

In value terms, extruded rod production dropped notably to $X in 2021 estimated in export price. In general, production saw a mild setback. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then dropped significantly in the following year.

Extruded Rod Exports

Exports from Bulgaria

After two years of growth, overseas shipments of extruded rods and profile shapes of cellular vulcanised rubber decreased by -X% to X tons in 2021. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2020, and then dropped markedly in the following year.

In value terms, extruded rod exports reduced dramatically to $X in 2021. Overall, exports, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then fell remarkably in the following year.

Exports by Country

Greece (X tons) was the main destination for extruded rod exports from Bulgaria, with a X% share of total exports. Moreover, extruded rod exports to Greece exceeded the volume sent to the second major destination, Italy (X tons), sevenfold.

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

In value terms, Greece ($X) remains the key foreign market for extruded rod exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Greece amounted to -X%.

Export Prices by Country

In 2021, the average extruded rod export price amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the export price saw a abrupt contraction. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to Greece amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (-X%).

Extruded Rod Imports

Imports into Bulgaria

In 2021, extruded rod imports into Bulgaria reduced notably to X tons, which is down by -X% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. 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, extruded rod imports surged to $X in 2021. In general, imports, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and Turkey (X tons) were the main suppliers of extruded rod imports to Bulgaria, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Belgium ($X) constituted the largest extruded rod suppliers to Bulgaria, together accounting for X% of total imports.

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

Import Prices by Country

The average extruded rod import price stood at $X per ton in 2021, jumping by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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