Bulgaria: Metal Rivet Market 2025

Metal Rivet Market Size in Bulgaria

The Bulgarian metal rivet market reduced to $X in 2022, which is down by -8.5% against the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Metal Rivet Production in Bulgaria

In value terms, metal rivet production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt downturn. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Metal Rivet Exports

Exports from Bulgaria

In 2022, the amount of iron or steel rivets exported from Bulgaria soared to X tons, picking up by 43% on 2021. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 281%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, metal rivet exports skyrocketed to $X in 2022. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 118%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons), Romania (X tons) and Switzerland (X tons) were the main destinations of metal rivet exports from Bulgaria, together accounting for 86% of total exports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +268.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Switzerland ($X) and Romania ($X) appeared to be the largest markets for metal rivet exported from Bulgaria worldwide, with a combined 84% share of total exports.

Switzerland, with a CAGR of +96.0%, recorded the highest rates of growth with regard to the value of exports, among 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 metal rivet export price stood at $X per ton in 2022, rising by 21% against the previous year. Overall, the export price enjoyed a notable expansion. The growth pace was the most rapid in 2018 an increase of 160% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Poland ($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 Hungary (+880.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Rivet Imports

Imports into Bulgaria

Metal rivet imports into Bulgaria contracted to X tons in 2022, dropping by -5.2% on 2021 figures. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 42%. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, metal rivet imports fell to $X in 2022. Over the period under review, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest metal rivet supplier to Bulgaria, accounting for a 49% share of total imports. Moreover, metal rivet imports from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by Romania (X tons), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+25.5% per year) and Romania (+30.9% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel rivets to Bulgaria, comprising 60% of total imports. The second position in the ranking was taken by Spain ($X), with an 8.7% share of total imports. It was followed by Italy, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+76.8% per year) and Italy (+16.0% per year).

Import Prices by Country

In 2022, the average metal rivet import price amounted to $X per ton, which is down by -2.7% against the previous year. Overall, the import price continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2016 an increase of 12% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 the Czech Republic ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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