Bulgaria: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2025

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Bulgaria

The Bulgarian market for tubes, pipes and hollow profiles (of iron or steel) soared to $X in 2021, picking up by 28% against the previous year. Over the period under review, consumption, however, showed a remarkable increase. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Bulgaria

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) dropped significantly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of 369% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Exports from Bulgaria

In 2021, shipments abroad of tubes, pipes and hollow profiles (of iron or steel) increased by 1.1% to X tons, rising for the second consecutive year after two years of decline. In general, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 130%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) soared to $X in 2021. Overall, exports continue to indicate prominent growth. The growth pace was the most rapid in 2017 when exports increased by 285%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for exports of tubes, pipes and hollow profiles (of iron or steel) from Bulgaria, accounting for a 39% share of total exports. Moreover, exports of tubes, pipes and hollow profiles (of iron or steel) to Germany exceeded the volume sent to the second major destination, Hungary (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+42.3% per year) and Poland (+40.1% per year).

In value terms, Germany ($X) remains the key foreign market for tubes, pipes and hollow profiles (of iron or steel) exports from Bulgaria, comprising 37% of total exports. The second position in the ranking was held by Hungary ($X), with a 12% share of total exports. It was followed by Poland, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+48.0% per year) and Poland (+45.9% per year).

Export Prices by Country

The average export price for tubes, pipes and hollow profiles (of iron or steel) stood at $X per ton in 2021, increasing by 78% against the previous year. In general, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained 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 Italy ($X per ton), while the average price for exports to Germany ($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 Belgium (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Imports into Bulgaria

After two years of growth, overseas purchases of tubes, pipes and hollow profiles (of iron or steel) decreased by -68.7% to X tons in 2021. Overall, imports, however, posted modest growth. The growth pace was the most rapid in 2014 with an increase of 461%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) declined remarkably to $X in 2021. In general, imports, however, recorded a notable increase. The growth pace was the most rapid in 2014 with an increase of 437% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

Romania (X tons), Italy (X tons) and France (X tons) were the main suppliers of imports of tubes, pipes and hollow profiles (of iron or steel) to Bulgaria, together accounting for 44% of total imports. Ukraine, Germany, North Macedonia, Russia, Turkey, India and Greece lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +68.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Italy ($X) and Germany ($X) constituted the largest iron or steel pipe and tube suppliers to Bulgaria, with a combined 53% share of total imports. These countries were followed by France, Ukraine, Turkey, North Macedonia, India, Russia and Greece, which together accounted for a further 34%.

India, with a CAGR of +53.1%, 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

In 2021, the average import price for tubes, pipes and hollow profiles (of iron or steel) amounted to $X per ton, rising by 45% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. 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 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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