Bulgaria: Market for Iron or Steel Hot-Worked Helical Springs 2025

Market Size for Iron or Steel Hot-Worked Helical Springs in Bulgaria

The Bulgarian metal hot-worked helical spring market shrank rapidly to $X in 2021, dropping by -18.2% against the previous year. Over the period under review, consumption saw a perceptible curtailment. Metal hot-worked helical spring consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Iron or Steel Hot-Worked Helical Springs in Bulgaria

In value terms, metal hot-worked helical spring production fell significantly to $X in 2021 estimated in export price. Overall, production, however, saw resilient growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 55%. Over the period under review, production hit record highs at $X in 2020, and then contracted rapidly in the following year.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Bulgaria

In 2021, overseas shipments of iron or steel hot-worked helical springs decreased by -2.1% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by 62%. As a result, the exports attained the peak of X tons, and then dropped slightly in the following year.

In value terms, metal hot-worked helical spring exports skyrocketed to $X in 2021. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 47% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and Kosovo (X tons) were the main destinations of metal hot-worked helical spring exports from Bulgaria, together comprising 47% of total exports. Belgium, the United States, Romania, Hungary, Croatia, Italy, Serbia, France, North Macedonia and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +241.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for iron or steel hot-worked helical springs exports from Bulgaria, comprising 37% of total exports. The second position in the ranking was held by Belgium ($X), with an 8.3% share of total exports. It was followed by Kosovo, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+38.2% per year) and Kosovo (+120.4% per year).

Export Prices by Country

In 2021, the average metal hot-worked helical spring export price amounted to $X per ton, increasing by 29% against the previous year. Overall, the export price, however, saw a mild shrinkage. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Czech Republic ($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 Hungary (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Bulgaria

In 2021, purchases abroad of iron or steel hot-worked helical springs increased by 4.2% to X tons, rising for the third consecutive year after two years of decline. In general, imports posted a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 154%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, metal hot-worked helical spring imports soared to $X in 2021. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of metal hot-worked helical spring to Bulgaria, with a 48% share of total imports. Moreover, metal hot-worked helical spring imports from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was held by Poland (X tons), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+2.5% per year) and Poland (+62.7% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel hot-worked helical springs to Bulgaria, comprising 53% of total imports. The second position in the ranking was held by Turkey ($X), with a 7.1% share of total imports. It was followed by Poland, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+8.7% per year) and Poland (+60.4% per year).

Import Prices by Country

In 2021, the average metal hot-worked helical spring import price amounted to $X per ton, jumping by 43% against the previous year. In general, the import price posted a strong increase. The pace of growth appeared the most rapid in 2017 an increase of 49% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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