Bulgaria: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Bulgaria

The Bulgarian ferro-cerium and pyrophoric alloys market expanded remarkably to $X in 2021, picking up by 7.5% against the previous year. In general, consumption, however, showed a pronounced contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Bulgaria

In value terms, ferro-cerium and pyrophoric alloys production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2018 with an increase of 14%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Bulgaria

In 2021, approx. X tons of ferro-cerium and pyrophoric alloys were exported from Bulgaria; with an increase of 1.8% against the previous year's figure. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 80% 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, ferro-cerium and pyrophoric alloys exports declined to $X in 2021. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 98%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Romania (X tons) and Brazil (X tons) were the main destinations of ferro-cerium and pyrophoric alloys exports from Bulgaria, together accounting for 69% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +78.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ferro-cerium and pyrophoric alloys exported from Bulgaria were France ($X), Brazil ($X) and Romania ($X), together comprising 75% of total exports.

In terms of the main countries of destination, Romania, with a CAGR of +76.0%, 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 ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2021, falling by -5.1% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 22% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Greece ($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 France (+0.4%), while the prices for the other major destinations experienced a decline.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Bulgaria

After two years of decline, overseas purchases of ferro-cerium and pyrophoric alloys increased by 127% to X tons in 2021. Over the period under review, imports posted a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ferro-cerium and pyrophoric alloys imports skyrocketed to $X in 2021. In general, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Croatia (X tons) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Bulgaria, accounting for a 52% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from Croatia exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. The third position in this ranking was held by Serbia (X tons), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Croatia totaled +434.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+13.2% per year) and Serbia (+33.2% per year).

In value terms, Croatia ($X) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Bulgaria, comprising 48% of total imports. The second position in the ranking was taken by the UK ($X), with an 18% share of total imports. It was followed by Serbia, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Croatia stood at +553.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+16.7% per year) and Serbia (+32.2% per year).

Import Prices by Country

The average ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, remaining stable against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ferro-cerium and pyrophoric alloys import price increased by +22.0% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 47%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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