Bulgaria: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Bulgaria

The Bulgarian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers reduced to $X in 2020, waning by -X% against the previous year. Over the period under review, consumption, however, recorded a mild descent. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Iron, steel or aluminium reservoir consumption peaked at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Bulgaria

In value terms, iron, steel or aluminium reservoir production fell rapidly to $X in 2020 estimated in export prices. Overall, production showed a noticeable setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. from 2015 to 2020, production growth failed to regain the momentum.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Bulgaria

In 2020, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers exported from Bulgaria shrank significantly to X tons, with a decrease of -X% compared with the year before. Overall, exports, however, posted pronounced growth. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir exports contracted notably to $X in 2020. Over the period under review, exports, however, posted a notable expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Romania (X tons) and Greece (X tons) were the main destinations of iron, steel or aluminium reservoir exports from Bulgaria, with a combined X% share of total exports. These countries were followed by Serbia, Russia, Belgium, Albania, France, Austria, North Macedonia and the UK, which together accounted for a further X 2007 to 2020, the biggest increases were in Belgium (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Romania ($X) and Greece ($X) constituted the largest markets for iron, steel or aluminium reservoir exported from Bulgaria worldwide, with a combined X% share of total exports. Belgium, Austria, France, Albania, Serbia, the UK, Russia and North Macedonia lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest rates of growth with regard to the value of exports, among 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 export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, jumping by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2008; however, from 2009 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the UK ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Albania, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Bulgaria

After four years of growth, supplies from abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to X tons in 2020. Over the period under review, imports, however, showed a moderate expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. from 2014 to 2020, the growth imports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir imports shrank significantly to $X in 2020. Overall, imports, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

Imports by Country

Turkey (X tons), Russia (X tons) and China (X tons) were the main suppliers of iron, steel or aluminium reservoir imports to Bulgaria, with a combined X% share of total imports. Italy, Hungary, Spain and the Czech Republic lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron, steel or aluminium reservoir suppliers to Bulgaria were Russia ($X), Turkey ($X) and Italy ($X), with a combined X% share of total imports. These countries were followed by China, Hungary, the Czech Republic and Spain, which together accounted for a further X terms of the main suppliers, Hungary (+X% per year) 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

The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, dropping by -X% against the previous year. Overall, the import price saw a perceptible downturn. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per ton. from 2013 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Czech Republic ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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