Bulgaria - Base Metal Cored Wire For Electric Arc-Welding - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCored Arc-Welding Wire Price in Bulgaria - 2023
Contents:
- Cored Arc-Welding Wire Price in Bulgaria (CIF) - 2022
- Cored Arc-Welding Wire Price in Bulgaria (FOB) - 2022
- Cored Arc-Welding Wire Imports in Bulgaria
- Cored Arc-Welding Wire Exports in Bulgaria
Cored Arc-Welding Wire Price in Bulgaria (CIF) - 2022
In 2022, the average cored arc-welding wire import price amounted to $2,952 per ton, jumping by 52% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cored arc-welding wire import price decreased by -3.9% against 2020 indices. The import price peaked at $3,071 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
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 Italy ($11,963 per ton), while the price for Turkey ($1,397 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Cored Arc-Welding Wire Price in Bulgaria (FOB) - 2022
In 2022, the average cored arc-welding wire export price amounted to $5,318 per ton, surging by 4.6% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cored arc-welding wire export price decreased by -8.5% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 92%. The export price peaked at $5,809 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($10,253 per ton), while the average price for exports to Turkey ($4,520 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 Armenia (+69.5%), while the prices for the other major destinations experienced more modest paces of growth.
Cored Arc-Welding Wire Imports in Bulgaria
In 2022, purchases abroad of cored arc-welding wire decreased by -21.5% to 305 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 12%. As a result, imports attained the peak of 450 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, cored arc-welding wire imports soared to $900K in 2022. In general, imports, however, saw perceptible growth. The growth pace was the most rapid in 2020 when imports increased by 69% against the previous year. As a result, imports attained the peak of $1.4M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Cored Arc-Welding Wire in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 122 | 117 | 256 | 277 | 31.4% |
| Czech Republic | 34.9 | 89.5 | 121 | 180 | 72.8% |
| Germany | 101 | 75.3 | 84.5 | 124 | 7.1% |
| Romania | 20.4 | 27.5 | 55.7 | 106 | 73.2% |
| Austria | 49.6 | 103 | 124 | 102 | 27.2% |
| South Korea | 141 | 54.9 | 23.6 | 55.0 | -26.9% |
| Italy | 22.6 | 379 | 16.6 | 21.9 | -1.0% |
| Turkey | 115 | 97.7 | 32.9 | 7.8 | -59.2% |
| Poland | 149 | 49.0 | 0.6 | 0.9 | -81.8% |
| Others | 64.6 | 388 | 40.5 | 26.6 | -25.6% |
| Total | 820 | 1,381 | 756 | 900 | 3.2% |
Top Suppliers of Cored Arc-Welding Wire to Bulgaria in 2022:
- China (159.5 tons)
- Czech Republic (53.4 tons)
- Romania (37.3 tons)
- Germany (15.7 tons)
- South Korea (14.8 tons)
- Austria (11.7 tons)
- Turkey (5.6 tons)
- Italy (1.8 tons)
- Poland (0.2 tons)
Cored Arc-Welding Wire Exports in Bulgaria
Cored arc-welding wire exports from Bulgaria surged to 15 tons in 2022, picking up by 248% on 2021. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 812%. As a result, the exports attained the peak of 24 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cored arc-welding wire exports soared to $81K in 2022. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 1,002% against the previous year. As a result, the exports reached the peak of $140K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Cored Arc-Welding Wire in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | 0.9 | N/A | 54.8 | 680.3% |
| Armenia | 1.0 | 2.9 | 14.4 | 15.2 | 147.7% |
| North Macedonia | 10.8 | 6.7 | 3.6 | 11.0 | 0.6% |
| Russia | N/A | 48.1 | N/A | N/A | 0% |
| Serbia | N/A | 24.6 | N/A | N/A | 0% |
| Italy | N/A | 55.6 | N/A | N/A | 0% |
| Others | 0.9 | 1.1 | 4.2 | 0.1 | -51.9% |
| Total | 12.7 | 140 | 22.3 | 81.1 | 85.5% |
Top Export Markets for Cored Arc-Welding Wire from Bulgaria in 2022:
- Turkey (12.1 tons)
- North Macedonia (1.6 tons)
- Armenia (1.5 tons)
This report provides an in-depth analysis of the cored arc-welding wire market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931530 - Base metal cored wire for electric arc-welding (excluding wire and rods of cored solder, the solder consisting of an alloy containing 2 % or more by weight, of any one precious metal)
Country coverage:
- Bulgaria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bulgaria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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