Bulgaria: Zinc Market 2025

Zinc Market Size in Bulgaria

The Bulgarian zinc market amounted to $X in 2022, with an increase of 1.9% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.7% against 2019 indices. Zinc consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Zinc Production in Bulgaria

In value terms, zinc production fell slightly to $X in 2022 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.5% against 2020 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 14% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Zinc Exports

Exports from Bulgaria

In 2022, exports of zinc, unwrought (not alloyed) from Bulgaria reduced to X tons, waning by -4% on the year before. In general, exports, however, showed a modest increase. The most prominent rate of growth was recorded in 2016 with an increase of 16% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, zinc exports soared to $X in 2022. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 +45.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 27%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Turkey (X tons), Slovakia (X tons) and Greece (X tons) were the main destinations of zinc exports from Bulgaria, together comprising 58% of total exports. Austria, Romania, Serbia, North Macedonia and Italy lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +39.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for zinc exported from Bulgaria were Turkey ($X), Slovakia ($X) and Greece ($X), with a combined 58% share of total exports. Austria, Romania, Serbia, North Macedonia and Italy lagged somewhat behind, together comprising a further 34%.

Serbia, with a CAGR of +47.8%, 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

In 2022, the average zinc export price amounted to $X per ton, increasing by 22% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc export price increased by +59.4% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 36%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and Romania ($X per ton), while the average price for exports to Slovakia ($X per ton) and Serbia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Imports

Imports into Bulgaria

In 2022, purchases abroad of zinc, unwrought (not alloyed) decreased by -31.3% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 249%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, zinc imports contracted rapidly to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 223%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Spain (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of zinc imports to Bulgaria, with a combined 97% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +80.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) constituted the largest supplier of zinc, unwrought (not alloyed) to Bulgaria, comprising 62% of total imports. The second position in the ranking was taken by Germany ($X), with a 30% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain totaled +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+85.4% per year) and Italy (-16.5% per year).

Import Prices by Country

The average zinc import price stood at $X per ton in 2022, jumping by 19% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc import price increased by +67.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 41%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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