Bulgaria: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Bulgaria

The Bulgarian metal link chain parts market rose rapidly to $X in 2021, picking up by 7.7% against the previous year. Overall, consumption, however, saw a deep downturn. Metal link chain parts consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Iron Or Steel Parts Of Articulated Link Chain in Bulgaria

In value terms, metal link chain parts production contracted to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible decrease. The growth pace was the most rapid in 2014 when the production volume increased by 22% against the previous year. Metal link chain parts production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Bulgaria

In 2021, the amount of iron or steel parts of articulated link chain exported from Bulgaria contracted markedly to X kg, with a decrease of -58.5% against the previous year. In general, exports recorded a sharp slump. The growth pace was the most rapid in 2017 with an increase of 4,292%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal link chain parts exports reduced notably to $X in 2021. Overall, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2015 with an increase of 1,931%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Serbia (X kg), Turkey (X kg) and the United Arab Emirates (X kg) were the main destinations of metal link chain parts exports from Bulgaria, with a combined 75% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +217.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal link chain parts exported from Bulgaria were Serbia ($X), Turkey ($X) and Greece ($X), with a combined 84% share of total exports.

Turkey, with a CAGR of +66.7%, recorded the highest growth rate of 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

In 2021, the average metal link chain parts export price amounted to $X per ton, waning by -44.6% against the previous year. In general, the export price, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 an increase of 285%. As a result, the export price reached the peak level of $X per ton, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($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 Serbia (+24.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Bulgaria

In 2021, approx. X tons of iron or steel parts of articulated link chain were imported into Bulgaria; picking up by 8.6% against 2020. Over the period under review, imports saw a slight increase. The most prominent rate of growth was recorded in 2015 with an increase of 96%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, metal link chain parts imports soared to $X in 2021. In general, imports continue to indicate a noticeable increase. The pace of growth appeared the most rapid in 2015 when imports increased by 132% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), China (X tons) and Australia (X tons) were the main suppliers of metal link chain parts imports to Bulgaria, with a combined 85% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +205.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of iron or steel parts of articulated link chain to Bulgaria, comprising 53% of total imports. The second position in the ranking was taken by Australia ($X), with a 16% share of total imports. It was followed by China, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+155.3% per year) and China (+21.7% per year).

Import Prices by Country

The average metal link chain parts import price stood at $X per ton in 2021, with an increase of 6.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2014 when the average import price increased by 26% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :