Bulgaria: Threaded Copper Articles Market 2024

Threaded Copper Articles Market Size in Bulgaria

In 2022, the Bulgarian threaded copper articles market decreased by -45.1% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption showed a drastic downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Threaded Copper Articles Production in Bulgaria

In value terms, threaded copper articles production declined remarkably to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2021 with an increase of 76% against the previous year. As a result, production reached the peak level of $X, and then shrank rapidly in the following year.

Threaded Copper Articles Exports

Exports from Bulgaria

In 2022, threaded copper articles exports from Bulgaria fell remarkably to X tons, dropping by -66.3% compared with the year before. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 169% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, threaded copper articles exports fell sharply to $X in 2022. In general, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 158% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Albania (X kg) was the main destination for threaded copper articles exports from Bulgaria, with a 37% share of total exports. Moreover, threaded copper articles exports to Albania exceeded the volume sent to the second major destination, Switzerland (X kg), twofold. The third position in this ranking was held by Sweden (X kg), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume to Albania amounted to +25.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-6.9% per year) and Sweden (-1.9% per year).

In value terms, Albania ($X), Austria ($X) and Switzerland ($X) constituted the largest markets for threaded copper articles exported from Bulgaria worldwide, together accounting for 54% of total exports.

Albania, with a CAGR of +35.6%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average threaded copper articles export price amounted to $X per ton, with an increase of 72% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 181% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Austria ($X per ton), while the average price for exports to Sweden ($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 (+53.1%), while the prices for the other major destinations experienced more modest paces of growth.

Threaded Copper Articles Imports

Imports into Bulgaria

In 2022, imports of threaded articles of copper into Bulgaria contracted markedly to X tons, with a decrease of -31.6% compared with the previous year's figure. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, threaded copper articles imports dropped to $X in 2022. In general, imports showed a abrupt decline. The growth pace was the most rapid in 2016 when imports increased by 41% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), China (X tons) and Germany (X tons) were the main suppliers of threaded copper articles imports to Bulgaria, with a combined 60% share of total imports. India, Poland, Greece, Hungary, Turkey, Spain and Denmark lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +71.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest threaded copper articles suppliers to Bulgaria were Germany ($X), Italy ($X) and China ($X), together accounting for 49% of total imports. India, Poland, Greece, Hungary, Turkey, Spain and Denmark lagged somewhat behind, together comprising a further 19%.

Poland, with a CAGR of +74.3%, recorded 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

In 2022, the average threaded copper articles import price amounted to $X per ton, increasing by 30% against the previous year. Over the period under review, the import price saw a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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