Bulgaria: Rare Earth Metal Market 2025

Rare Earth Metal Market Size in Bulgaria

The Bulgarian rare earth metal market amounted to less than $X in 2021, approximately reflecting the previous year. Over the period under review, consumption enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when the market value decreased by 99.9%. Rare earth metal consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Rare Earth Metal Production in Bulgaria

In value terms, rare earth metal production totaled $X in 2021 estimated in export price. Overall, production enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 6,136%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Rare Earth Metal Exports

Exports from Bulgaria

In 2019, the amount of rare earth metals exported from Bulgaria was estimated at X tons, remaining constant against the year before. Overall, exports showed a dramatic contraction. The smallest decline of 99.9% was in 2016. The exports peaked at X tons in 2015; however, from 2016 to 2019, the exports remained at a lower figure.

In value terms, rare earth metal exports amounted to $X in 2019. Over the period under review, exports continue to indicate a abrupt slump. The smallest decline of 99.9% was in 2016. The exports peaked at $X in 2015; however, from 2016 to 2019, the exports failed to regain momentum.

Exports by Country

The Netherlands (X kg) was the main destination for rare earth metal exports from Bulgaria, accounting for a 80% share of total exports. Moreover, rare earth metal exports to the Netherlands exceeded the volume sent to the second major destination, Canada (X kg), fourfold.

From 2015 to 2019, the average annual growth rate of volume to the Netherlands stood at -58.5%.

In value terms, the largest markets for rare earth metal exported from Bulgaria were the Netherlands ($X) and Canada ($X).

Canada, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2019, the average rare earth metal export price amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price showed a significant expansion. The growth pace was the most rapid in 2016 when the average export price decreased by 99.9% against the previous year. The export price peaked in 2019 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the Netherlands amounted to $X per ton.

From 2015 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+77.1%).

Rare Earth Metal Imports

Imports into Bulgaria

In 2021, overseas purchases of rare earth metals decreased by 0% to X kg for the first time since 2018, thus ending a two-year declining trend. In general, imports recorded a drastic downturn. The smallest decline of -15.6% was in 2014. Over the period under review, imports hit record highs at X kg in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, rare earth metal imports totaled $X in 2021. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 646%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Turkey (X kg) constituted the largest rare earth metal supplier to Bulgaria, with a 78% share of total imports. Moreover, rare earth metal imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X kg), fourfold.

From 2013 to 2021, the average annual rate of growth in terms of volume from Turkey was relatively modest.

In value terms, Turkey ($X) constituted the largest supplier of rare earth metals to Bulgaria, comprising 96% of total imports. The second position in the ranking was taken by Germany ($X), with a 3.5% share of total imports.

From 2013 to 2021, the average annual rate of growth in terms of value from Turkey was relatively modest.

Import Prices by Country

In 2021, the average rare earth metal import price amounted to $X per ton, stabilizing at the previous year. In general, the import price recorded a significant increase. The pace of growth was the most pronounced in 2014 an increase of 777% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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 Germany amounted to $X per ton.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-16.2%).

Source: IndexBox Platform

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