Bulgaria: Nail And Bolt Market 2024

Nail And Bolt Market Size in Bulgaria

The Bulgarian nail and bolt market soared to $X in 2021, picking up by 21% against the previous year. In general, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Nail And Bolt Production in Bulgaria

In value terms, nail and bolt production surged to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the production volume increased by 89%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Nail And Bolt Exports

Exports from Bulgaria

In 2021, overseas shipments of nails, tacks, staples, screws and bolts increased by 41% to X tons for the first time since 2016, thus ending a four-year declining trend. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, nail and bolt exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for nail and bolt exports from Bulgaria, accounting for a 39% share of total exports. Moreover, nail and bolt exports to the United States exceeded the volume sent to the second major destination, Italy (X tons), twofold. Romania (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+2.8% per year) and Romania (+3.7% per year).

In value terms, Germany ($X), Italy ($X) and the United States ($X) were the largest markets for nail and bolt exported from Bulgaria worldwide, with a combined 55% share of total exports. These countries were followed by China, Romania, Greece and France, which together accounted for a further 20%.

China, with a CAGR of +140.2%, 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 more modest paces of growth.

Export Prices by Country

The average nail and bolt export price stood at $X per ton in 2021, jumping by 74% against the previous year. Over the period under review, the export price enjoyed a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while the average price for exports to the United States ($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 Germany (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Nail And Bolt Imports

Imports into Bulgaria

In 2021, the amount of nails, tacks, staples, screws and bolts imported into Bulgaria expanded sharply to X tons, growing by 13% on 2020 figures. The total import volume increased at an average annual rate of +5.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 19% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, nail and bolt imports surged to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of nail and bolt imports to Bulgaria, together comprising 59% of total imports. These countries were followed by Turkey, Taiwan (Chinese), Slovakia, Austria, Poland, Ukraine, Belarus, the Czech Republic, Spain and Romania, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +91.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest nail and bolt suppliers to Bulgaria were Germany ($X), Italy ($X) and China ($X), with a combined 68% share of total imports. These countries were followed by Turkey, Austria, Taiwan (Chinese), Poland, Slovakia, Spain, the Czech Republic, Romania, Belarus and Ukraine, which together accounted for a further 22%.

Among the main suppliers, Ukraine, with a CAGR of +59.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average nail and bolt import price amounted to $X per ton, surging by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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