Bulgaria: Ferro-Alloys Market 2025

Ferro-Alloys Market Size in Bulgaria

For the third year in a row, the Bulgarian ferro-alloys market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, saw a slight shrinkage. Ferro-alloys consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ferro-Alloys Production in Bulgaria

In value terms, ferro-alloys production surged to $X in 2022 estimated in export price. In general, production recorded a remarkable increase. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Ferro-Alloys Exports

Exports from Bulgaria

In 2022, exports of ferro-alloys from Bulgaria soared to X tons, rising by X% on the previous year's figure. In general, exports posted strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, ferro-alloys exports soared to $X in 2022. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for ferro-alloys exports from Bulgaria, accounting for a X% share of total exports. Moreover, ferro-alloys exports to Italy exceeded the volume sent to the second major destination, Slovenia (X tons), fourfold. The third position in this ranking was held by Romania (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Romania (X% per year).

In value terms, Italy ($X) remains the key foreign market for ferro-alloys exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Slovenia ($X), with an X% share of total exports. It was followed by Greece, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Greece (X% per year).

Export Prices by Country

In 2022, the average ferro-alloys export price amounted to $X per ton, almost unchanged from the previous year. Overall, the export price, however, saw moderate growth. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Romania ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Alloys Imports

Imports into Bulgaria

In 2022, purchases abroad of ferro-alloys increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, ferro-alloys imports surged to $X in 2022. In general, imports showed perceptible growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Turkey (X tons), Ukraine (X tons) and Italy (X tons) were the main suppliers of ferro-alloys imports to Bulgaria, together comprising X% of total imports. Romania, Germany, Zambia, Finland, Poland, India and North Macedonia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of X.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Ukraine ($X) and Turkey ($X) appeared to be the largest ferro-alloys suppliers to Bulgaria, with a combined X% share of total imports. Germany, Romania, Zambia, Poland, India, Finland and North Macedonia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Zambia, with a CAGR of X.0%, recorded the highest growth rate of 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

The average ferro-alloys import price stood at $X per ton in 2022, surging by X% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-alloys import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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