Bulgaria: Flat-Rolled Steel Products Market 2025

Flat-Rolled Steel Products Market Size in Bulgaria

The Bulgarian flat-rolled steel products market skyrocketed to $X in 2021, jumping by 23% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Flat-Rolled Steel Products Exports

Exports from Bulgaria

In 2021, shipments abroad of flat-rolled products of iron or non-alloy steel was finally on the rise to reach X tons after two years of decline. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 372% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, flat-rolled steel products exports skyrocketed to $X in 2021. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by 350%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Greece (X tons) and India (X tons) were the main destinations of flat-rolled steel products exports from Bulgaria, with a combined 63% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +58.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flat-rolled steel products exported from Bulgaria were the Netherlands ($X), Germany ($X) and Turkey ($X), together comprising 76% of total exports.

The Netherlands, with a CAGR of +67.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average flat-rolled steel products export price stood at $X per ton in 2021, surging by 4.8% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 62% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Romania ($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 India (+43.8%), while the prices for the other major destinations experienced more modest paces of growth.

Flat-Rolled Steel Products Imports

Imports into Bulgaria

In 2021, overseas purchases of flat-rolled products of iron or non-alloy steel increased by 0.4% to X tons, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 17%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, flat-rolled steel products imports skyrocketed to $X in 2021. Overall, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.8% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Slovakia (X tons), Germany (X tons) and Turkey (X tons) were the main suppliers of flat-rolled steel products imports to Bulgaria, together comprising 59% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +19.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Germany ($X) and Turkey ($X) were the largest flat-rolled steel products suppliers to Bulgaria, with a combined 59% share of total imports.

Among the main suppliers, Slovakia, with a CAGR of +19.2%, saw 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

In 2021, the average flat-rolled steel products import price amounted to $X per ton, rising by 34% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Turkey ($X per ton) and Greece ($X per ton), while the price for Vietnam ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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