Bulgaria: Market for Table, Kitchen Or Household Articles Of Cast Iron 2025

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in Bulgaria

The Bulgarian cast iron household articles market rose notably to $X in 2022, with an increase of 12% against the previous year. Over the period under review, consumption posted a prominent expansion. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in years to come.

Production of Table, Kitchen Or Household Articles Of Cast Iron in Bulgaria

In value terms, cast iron household articles production rose significantly to $X in 2022 estimated in export price. Over the period under review, production, however, saw buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 96%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports from Bulgaria

In 2022, overseas shipments of table, kitchen or household articles of cast iron increased by 12% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2013 with an increase of 419%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, cast iron household articles exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a mild decline. The most prominent rate of growth was recorded in 2013 with an increase of 468%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

North Macedonia (X tons) was the main destination for cast iron household articles exports from Bulgaria, with a 50% share of total exports. Moreover, cast iron household articles exports to North Macedonia exceeded the volume sent to the second major destination, Serbia (X tons), threefold. Malta (X kg) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to North Macedonia amounted to +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+15.7% per year) and Malta (+33.9% per year).

In value terms, North Macedonia ($X) remains the key foreign market for table, kitchen or household articles of cast iron exports from Bulgaria, comprising 42% of total exports. The second position in the ranking was taken by Romania ($X), with a 12% share of total exports. It was followed by Serbia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to North Macedonia totaled +25.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-17.1% per year) and Serbia (+27.4% per year).

Export Prices by Country

The average cast iron household articles export price stood at $X per ton in 2022, rising by 13% against the previous year. Over the period under review, the export price saw a moderate expansion. The pace of growth was the most pronounced in 2017 an increase of 160%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Serbia ($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 Germany (+203.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports into Bulgaria

In 2022, overseas purchases of table, kitchen or household articles of cast iron increased by 18% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 111%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, cast iron household articles imports soared to $X in 2022. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 90% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of cast iron household articles to Bulgaria, accounting for a 55% share of total imports. Moreover, cast iron household articles imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was held by China (X tons), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +40.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+30.4% per year) and China (+2.5% per year).

In value terms, the largest cast iron household articles suppliers to Bulgaria were Belgium ($X), Germany ($X) and Turkey ($X), together accounting for 76% of total imports. China, Poland, Ukraine, Slovenia and the Czech Republic lagged somewhat behind, together comprising a further 15%.

Among the main suppliers, Ukraine, with a CAGR of +57.3%, 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 cast iron household articles import price stood at $X per ton in 2022, with an increase of 34% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 49%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, 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 Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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