Bulgaria: Market for Sanitary Ware And Parts Of Iron Or Steel 2025

Market Size for Sanitary Ware And Parts Of Iron Or Steel in Bulgaria

In 2021, the Bulgarian market for sanitary ware and parts of iron or steel decreased by -3.7% to $X, falling for the second consecutive year after four years of growth. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Sanitary Ware And Parts Of Iron Or Steel in Bulgaria

In value terms, iron or steel sanitary ware production expanded notably to $X in 2021 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +6.4% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 25% against the previous year. Over the period under review, production attained the peak level in 2021 and is expected to retain growth in the immediate term.

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports from Bulgaria

In 2021, overseas shipments of sanitary ware and parts of iron or steel decreased by -19.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +41.9% against 2018 indices. The growth pace was the most rapid in 2020 with an increase of 59%. As a result, the exports attained the peak of X tons, and then declined markedly in the following year.

In value terms, iron or steel sanitary ware exports reduced dramatically to $X in 2021. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 59% against the previous year. As a result, the exports reached the peak of $X, and then fell sharply in the following year.

Exports by Country

Russia (X tons) was the main destination for iron or steel sanitary ware exports from Bulgaria, accounting for a 28% share of total exports. Moreover, iron or steel sanitary ware exports to Russia exceeded the volume sent to the second major destination, Romania (X tons), twofold. Greece (X tons) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+28.7% per year) and Greece (+36.8% per year).

In value terms, Russia ($X), Romania ($X) and Greece ($X) were the largest markets for iron or steel sanitary ware exported from Bulgaria worldwide, together accounting for 41% of total exports. Poland, Qatar, France, Spain, Italy, Croatia, Albania, Lithuania, Serbia and Germany lagged somewhat behind, together accounting for a further 36%.

Among the main countries of destination, Spain, with a CAGR of +206.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for sanitary ware and parts of iron or steel amounted to $X per ton, surging by 3.7% against the previous year. In general, the export price, however, recorded a pronounced reduction. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Qatar ($X per ton), while the average price for exports to Russia ($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 Poland (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports into Bulgaria

After two years of growth, purchases abroad of sanitary ware and parts of iron or steel decreased by -7.9% to X tons in 2021. Overall, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2015 when imports increased by 79% against the previous year. Imports peaked at X tons in 2020, and then reduced in the following year.

In value terms, iron or steel sanitary ware imports plummeted to $X in 2021. Over the period under review, imports, however, saw buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of 67% against the previous year. Imports peaked at $X in 2020, and then shrank remarkably in the following year.

Imports by Country

Portugal (X tons), Germany (X tons) and China (X tons) were the main suppliers of iron or steel sanitary ware imports to Bulgaria, together comprising 79% of total imports.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +315.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Portugal ($X) constituted the largest iron or steel sanitary ware suppliers to Bulgaria, together accounting for 80% of total imports.

In terms of the main suppliers, Portugal, with a CAGR of +287.8%, recorded 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 import price for sanitary ware and parts of iron or steel amounted to $X per ton, shrinking by -17.1% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 9.8%. The import price peaked at $X per ton in 2020, and then contracted significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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