Bulgaria: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2025

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Bulgaria

In 2022, the Bulgarian market for tube or pipe fittings (of iron or steel) decreased by -37.4% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a abrupt descent. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Tube Or Pipe Fittings (Of Iron Or Steel) in Bulgaria

In value terms, iron or steel tube fitting production reduced remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 2,146% against the previous year. As a result, production attained the peak level of $X, and then reduced remarkably in the following year.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports from Bulgaria

In 2022, exports of tube or pipe fittings (of iron or steel) from Bulgaria reduced to X tons, with a decrease of -13.7% against the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 11%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron or steel tube fitting exports skyrocketed to $X in 2022. In general, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.6% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Germany (X tons) and Poland (X tons) were the main destinations of iron or steel tube fitting exports from Bulgaria, with a combined 51% share of total exports. Greece, Spain, Romania, Croatia, the United Arab Emirates, Finland, Austria, Ireland, France and Turkey lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +122.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Italy ($X) and Germany ($X) appeared to be the largest markets for iron or steel tube fitting exported from Bulgaria worldwide, together accounting for 52% of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +95.3%, recorded the highest rates of growth with regard to 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 2022, the average export price for tube or pipe fittings (of iron or steel) amounted to $X per ton, rising by 52% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel tube fitting export price increased by +123.2% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports into Bulgaria

In 2022, imports of tube or pipe fittings (of iron or steel) into Bulgaria expanded notably to X tons, surging by 12% compared with the previous year. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 187%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, iron or steel tube fitting imports reached $X in 2022. In general, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 253% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), France (X tons) and Spain (X tons) were the main suppliers of iron or steel tube fitting imports to Bulgaria, with a combined 61% share of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +32.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and Italy ($X) were the largest iron or steel tube fitting suppliers to Bulgaria, together accounting for 50% of total imports. Turkey, Germany, France, Poland, Hungary, Greece and Romania lagged somewhat behind, together comprising a further 37%.

Poland, with a CAGR of +20.0%, saw the highest rates of growth with regard to the value of imports, among 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 tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, falling by -4.8% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 23%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, 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 Italy ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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