Bulgaria: Non-Alloy Steel I-Sections Market 2025

Non-Alloy Steel I-Sections Market Size in Bulgaria

In 2021, after two years of decline, there was significant growth in the Bulgarian non-alloy steel i-sections market, when its value increased by 43% to $X. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Non-Alloy Steel I-Sections Exports

Exports from Bulgaria

In 2021, the amount of i-sections of non-alloy steel exported from Bulgaria dropped slightly to X tons, which is down by -4.4% on 2020 figures. In general, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 233% against the previous year. As a result, the exports attained the peak of X tons, and then fell modestly in the following year.

In value terms, non-alloy steel i-sections exports skyrocketed to $X in 2021. Overall, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 224%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

North Macedonia (X tons) was the main destination for non-alloy steel i-sections exports from Bulgaria, with a 49% share of total exports. Moreover, non-alloy steel i-sections exports to North Macedonia exceeded the volume sent to the second major destination, Romania (X tons), twofold. Greece (X tons) ranked third in terms of total exports with an 18% share.

From 2012 to 2021, the average annual growth rate of volume to North Macedonia amounted to +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+11.0% per year) and Greece (+24.4% per year).

In value terms, the largest markets for non-alloy steel i-sections exported from Bulgaria were North Macedonia ($X), Romania ($X) and Greece ($X), with a combined 84% share of total exports.

Among the main countries of destination, Greece, with a CAGR of +20.0%, 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 non-alloy steel i-sections export price stood at $X per ton in 2021, rising by 44% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Greece ($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 Romania (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel I-Sections Imports

Imports into Bulgaria

In 2021, supplies from abroad of i-sections of non-alloy steel increased by 5.5% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 30%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, non-alloy steel i-sections imports skyrocketed to $X in 2021. Overall, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Luxembourg (X tons), Turkey (X tons) and Romania (X tons) were the main suppliers of non-alloy steel i-sections imports to Bulgaria, together comprising 65% of total imports. These countries were followed by Italy, Spain, Poland and Germany, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +34.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-alloy steel i-sections suppliers to Bulgaria were Luxembourg ($X), Turkey ($X) and Romania ($X), together comprising 64% of total imports. Italy, Spain, Poland and Germany lagged somewhat behind, together accounting for a further 32%.

In terms of the main suppliers, Italy, with a CAGR of +34.8%, 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

The average non-alloy steel i-sections import price stood at $X per ton in 2021, increasing by 56% against the previous year. Overall, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Romania ($X per ton), while the price for Poland ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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