Bulgaria: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2024

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in Bulgaria

In 2021, the Bulgarian market for railway or tramway track construction material of iron or steel increased by 24% to $X, rising for the fifth consecutive year after two years of decline. In general, consumption posted a prominent expansion. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Exports from Bulgaria

In 2021, the amount of railway or tramway track construction material of iron or steel exported from Bulgaria declined to X tons, flattening at the previous year's figure. In general, exports, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2013 with an increase of 147% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of railway or tramway track construction material of iron or steel rose notably to $X in 2021. Overall, exports, however, saw a tangible increase. The pace of growth appeared the most rapid in 2013 with an increase of 168% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Austria (X tons), Iran (X tons) and Greece (X tons) were the main destinations of exports of railway or tramway track construction material of iron or steel from Bulgaria, with a combined 82% share of total exports. Spain, North Macedonia, France, Romania and Saudi Arabia lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +85.6%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) remains the key foreign market for railway or tramway track construction material of iron or steel exports from Bulgaria, comprising 54% of total exports. The second position in the ranking was taken by Iran ($X), with a 19% share of total exports. It was followed by Spain, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Austria stood at +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (0.0% per year) and Spain (+15.5% per year).

Export Prices by Country

The average export price for railway or tramway track construction material of iron or steel stood at $X per ton in 2021, growing by 6.4% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 46%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Greece ($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 Saudi Arabia (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Imports into Bulgaria

Imports of railway or tramway track construction material of iron or steel into Bulgaria reached X tons in 2021, picking up by 14% against 2020 figures. Overall, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 210% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel skyrocketed to $X in 2021. In general, imports saw strong growth. The pace of growth was the most pronounced in 2017 with an increase of 152% against the previous year. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Poland (X tons) constituted the largest iron and steel railway construction materials supplier to Bulgaria, accounting for a 56% share of total imports. Moreover, imports of railway or tramway track construction material of iron or steel from Poland exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), twofold. Austria (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume from Poland totaled +25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+21.3% per year) and Austria (-3.8% per year).

In value terms, Poland ($X), the Czech Republic ($X) and Austria ($X) constituted the largest iron and steel railway construction materials suppliers to Bulgaria, together comprising 84% of total imports. These countries were followed by Romania, Turkey, Ukraine and Italy, which together accounted for a further 13%.

Turkey, with a CAGR of +72.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for railway or tramway track construction material of iron or steel stood at $X per ton in 2021, surging by 15% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 116% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :