Bulgaria: Threaded Metal Articles Market 2024

Threaded Metal Articles Market Size in Bulgaria

The Bulgarian threaded metal articles market was finally on the rise to reach $X in 2021, after three years of decline. In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.4% against 2017 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Threaded Metal Articles Production in Bulgaria

In value terms, threaded metal articles production soared to $X in 2021 estimated in export price. Overall, production saw a resilient expansion. Threaded metal articles production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Threaded Metal Articles Exports

Exports from Bulgaria

In 2021, shipments abroad of threaded articles of iron or steel increased by 610% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports saw a significant increase. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, threaded metal articles exports skyrocketed to $X in 2021. Overall, exports enjoyed a significant increase. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), China (X tons) and the Czech Republic (X tons) were the main destinations of threaded metal articles exports from Bulgaria, together accounting for 53% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +151.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for threaded metal articles exported from Bulgaria were Germany ($X), China ($X) and the United States ($X), together comprising 61% of total exports.

China, with a CAGR of +145.8%, recorded the highest growth rate of 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 threaded metal articles export price stood at $X per ton in 2021, with an increase of 60% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Romania ($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 Greece (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Threaded Metal Articles Imports

Imports into Bulgaria

Threaded metal articles imports into Bulgaria soared to X tons in 2021, jumping by 22% against 2020 figures. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +41.9% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 36% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, threaded metal articles imports soared to $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 34%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Italy (X tons) constituted the largest threaded metal articles supplier to Bulgaria, with a 49% share of total imports. Moreover, threaded metal articles imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.0% per year) and Germany (+21.8% per year).

In value terms, the largest threaded metal articles suppliers to Bulgaria were Italy ($X), Germany ($X) and China ($X), together accounting for 81% of total imports. Austria and Turkey lagged somewhat behind, together accounting for a further 8.3%.

In terms of the main suppliers, Turkey, with a CAGR of +23.5%, 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

In 2021, the average threaded metal articles import price amounted to $X per ton, declining by -3.4% against the previous year. Over the period under review, the import price saw a mild decline. The pace of growth appeared the most rapid in 2013 an increase of 7.8% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($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 (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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