Report Update Feb 1, 2025

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

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Bulgaria: Ferro-Chromium Market 2025

Ferro-Chromium Market Size in Bulgaria

In 2022, the Bulgarian ferro-chromium market increased by 102% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate pronounced growth. Ferro-chromium consumption peaked in 2022 and is likely to see gradual growth in years to come.

Ferro-Chromium Exports

Exports from Bulgaria

In 2022, overseas shipments of ferro-chromium increased by 193% to X tons, rising for the second consecutive year after six years of decline. Over the period under review, exports, however, showed a abrupt descent. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, ferro-chromium exports surged to $X in 2022. Overall, exports, however, recorded a perceptible curtailment. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of ferro-chromium exports from Bulgaria.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +1.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Romania ($X) emerged as the key foreign market for ferro-chromium exports from Bulgaria, comprising 68% of total exports. The second position in the ranking was held by France ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Romania amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and the Netherlands (-8.4% per year).

Export Prices by Country

In 2022, the average ferro-chromium export price amounted to $X per ton, picking up by 52% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-chromium export price increased by +53.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 66% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+19.5%).

Ferro-Chromium Imports

Imports into Bulgaria

In 2022, supplies from abroad of ferro-chromium increased by 140% to X tons, rising for the second year in a row after two years of decline. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 228%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, ferro-chromium imports soared to $X in 2022. Over the period under review, imports recorded a mild increase. The pace of growth was the most pronounced in 2021 when imports increased by 181%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Finland (X tons) constituted the largest supplier of ferro-chromium to Bulgaria, with a 50% share of total imports. Moreover, ferro-chromium imports from Finland exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by Slovakia (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Finland totaled +435.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+37.0% per year) and Slovakia (+9.9% per year).

In value terms, the largest ferro-chromium suppliers to Bulgaria were the Netherlands ($X), Slovakia ($X) and Italy ($X), with a combined 54% share of total imports.

Among the main suppliers, Italy, with a CAGR of +24.8%, saw the highest rates of growth with regard to 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

In 2022, the average ferro-chromium import price amounted to $X per ton, reducing by -26.2% against the previous year. Over the period under review, the import price saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by 27% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovenia ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+37.1%), 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 ferro-chromium in the world?

The country with the largest volume of ferro-chromium consumption was China, comprising approx. 55% of total volume. Moreover, ferro-chromium consumption in China exceeded the figures recorded by the second-largest consumer, Indonesia, fivefold. The third position in this ranking was occupied by the United States, with a 5.9% share.

What are the largest producers of ferro-chromium in the world?

The countries with the highest volumes of in 2021 were China, South Africa and Kazakhstan, together accounting for 74% of global production. India, Finland, Russia and the United States lagged somewhat behind, together comprising a further 18%.

What are the leading suppliers of ferro-chromium to Bulgaria?

In value terms, the largest ferro-chromium suppliers to Bulgaria were Finland, Italy and Turkey, with a combined 74% share of total imports. The Czech Republic, the Netherlands and Poland lagged somewhat behind, together accounting for a further 21%.

What are the leading importers of ferro-chromium from Bulgaria?

In value terms, the largest markets for ferro-chromium exported from Bulgaria were Romania and Poland.

What is the average export price for ferro-chromium in Bulgaria?

In 2019, the average ferro-chromium export price amounted to $2,465 per ton, surging by 5.6% against the previous year.

What is the average import price for ferro-chromium in Bulgaria?

The average ferro-chromium import price stood at $1,404 per ton in 2020, dropping by -19.6% against the previous year.

This report provides an in-depth analysis of the ferro-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 2030.

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024