Bulgaria: Metal Letter Clip Market 2024

Metal Letter Clip Market Size in Bulgaria

In 2022, after six years of growth, there was significant decline in the Bulgarian metal letter clip market, when its value decreased by -90.6% to $X. Overall, consumption faced a deep setback. As a result, consumption attained the peak level of $X, and then dropped significantly in the following year.

Metal Letter Clip Exports

Exports from Bulgaria

In 2022, overseas shipments of letter clips, letter corners of base metal decreased by -25.4% to X tons, falling for the third consecutive year after two years of growth. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 3,122%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal letter clip exports fell to $X in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 1,847%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Serbia (X tons), North Macedonia (X tons) and Romania (X tons) were the main destinations of metal letter clip exports from Bulgaria, together comprising 62% of total exports. Morocco, France, Greece and Moldova lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +127.2%), while the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), North Macedonia ($X) and Romania ($X) constituted the largest markets for metal letter clip exported from Bulgaria worldwide, with a combined 61% share of total exports. Morocco, France, Greece and Moldova lagged somewhat behind, together comprising a further 14%.

In terms of the main countries of destination, France, with a CAGR of +224.0%, recorded the highest rates of growth with regard to 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

In 2022, the average metal letter clip export price amounted to $X per ton, picking up by 22% against the previous year. Overall, the export price continues to indicate pronounced growth. The most prominent rate of growth was recorded in 2017 an increase of 74% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per ton) and Serbia ($X per ton), while the average price for exports to Moldova ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+42.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Letter Clip Imports

Imports into Bulgaria

In 2022, the amount of letter clips, letter corners of base metal imported into Bulgaria soared to X tons, rising by 95% compared with the previous year. Overall, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.9% against 2020 indices. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, metal letter clip imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest metal letter clip supplier to Bulgaria, with a 87% share of total imports. It was followed by Hungary (X tons), with a 2.8% share of total imports. Latvia (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+24.1% per year) and Latvia (+19.1% per year).

In value terms, China ($X) constituted the largest supplier of letter clips, letter corners of base metal to Bulgaria, comprising 75% of total imports. The second position in the ranking was held by Hungary ($X), with a 4.1% share of total imports. It was followed by Latvia, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+7.2% per year) and Latvia (+14.7% per year).

Import Prices by Country

In 2022, the average metal letter clip import price amounted to $X per ton, dropping by -14.8% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal letter clip import price increased by +49.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 76% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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