Bulgaria: Metallised Yarn Market 2024

Metallised Yarn Market Size in Bulgaria

In 2022, the Bulgarian metallised yarn market decreased by -0.4% to $X, falling for the fourth consecutive year after three years of growth. Over the period under review, consumption showed modest growth. Metallised yarn consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Metallised Yarn Production in Bulgaria

In value terms, metallised yarn production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 161% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Metallised Yarn Exports

Exports from Bulgaria

Metallised yarn exports from Bulgaria surged to X tons in 2022, increasing by 185% against 2021. Over the period under review, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 1,745%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, metallised yarn exports soared to $X in 2022. In general, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 1,563%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for metallised yarn exports from Bulgaria, accounting for a 63% share of total exports. Moreover, metallised yarn exports to Turkey exceeded the volume sent to the second major destination, Ukraine (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to +74.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+17.3% per year) and Italy (-6.0% per year).

In value terms, Turkey ($X), Ukraine ($X) and Italy ($X) were the largest markets for metallised yarn exported from Bulgaria worldwide, together comprising 98% of total exports.

Turkey, with a CAGR of +60.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average metallised yarn export price amounted to $X per ton, shrinking by -20% against the previous year. Overall, the export price, however, saw resilient growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 322%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Turkey ($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 Greece (+23.4%), while the prices for the other major destinations experienced mixed trend patterns.

Metallised Yarn Imports

Imports into Bulgaria

In 2022, overseas purchases of metallised yarn and strip were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 164% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, metallised yarn imports surged to $X in 2022. Overall, imports enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2017 with an increase of 99% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest metallised yarn supplier to Bulgaria, with a 90% share of total imports. Moreover, metallised yarn imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was held by the Czech Republic (X kg), with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +55.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-14.8% per year) and the Czech Republic (0.0% per year).

In value terms, Turkey ($X) constituted the largest supplier of metallised yarn and strip to Bulgaria, comprising 54% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by Germany, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at +59.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-9.6% per year) and Germany (-5.2% per year).

Import Prices by Country

In 2022, the average metallised yarn import price amounted to $X per ton, picking up by 35% against the previous year. In general, the import price, however, recorded a noticeable reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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