Bulgaria - Copper; bars, rods and profiles - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 4, 2024

Bulgaria - Copper; bars, rods and profiles - Market Analysis, Forecast, Size, Trends and Insights

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Price for Copper Bar, Rod and Profile in Bulgaria - 2023

Contents:

  1. Price for Copper Bar, Rod and Profile in Bulgaria (FOB) - 2023
  2. Price for Copper Bar, Rod and Profile in Bulgaria (CIF) - 2023
  3. Exports of Copper Bar, Rod and Profile in Bulgaria
  4. Imports of Copper Bar, Rod and Profile in Bulgaria

Price for Copper Bar, Rod and Profile in Bulgaria (FOB) - 2023

In July 2023, the average export price for copper bars, rods and profiles amounted to $10,321 per ton, stabilizing at the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 7.9% against the previous month. The export price peaked at $10,748 per ton in April 2023; however, from May 2023 to July 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In July 2023, the highest price was recorded for prices to the UK ($10,956 per ton) and Ireland ($10,598 per ton), while the average price for exports to Poland ($10,122 per ton) and Germany ($10,156 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper Bar, Rod and Profile in Bulgaria (CIF) - 2023

The average import price for copper bars, rods and profiles stood at $7,490 per ton in July 2023, which is down by -6% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 6.4% month-to-month. The import price peaked at $8,164 per ton in May 2023; however, from June 2023 to July 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Serbia ($14,546 per ton), while the price for Italy ($936 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Poland (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper Bar, Rod and Profile in Bulgaria

In 2022, copper bar, rod and profile exports from Bulgaria soared to 32K tons, picking up by 15% compared with the previous year. The total export volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper bar, rod and profile exports rose significantly to $317M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 58%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Copper Bar, Rod and Profile in Bulgaria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany33.534.466.577.832.4%
Poland40.339.264.561.715.3%
Spain6.511.123.830.868.0%
Italy17.816.224.126.113.6%
Denmark0.20.13.011.8289.3%
France5.05.17.29.925.6%
Czech Republic3.64.87.49.538.2%
Hungary1.82.14.46.452.6%
Belgium3.93.66.66.116.1%
Austria2.72.32.95.929.8%
United States2.12.53.15.638.7%
IrelandN/AN/A1.35.2300.0%
Turkey9.09.88.44.9-18.3%
Others69.745.055.155.1-7.5%
Total19617627831717.4%

Top Export Markets for Copper Bar, Rod and Profile from Bulgaria in 2022:

  1. Germany (7.9K tons)
  2. Poland (6.3K tons)
  3. Spain (3.1K tons)
  4. Italy (2.6K tons)
  5. Denmark (1.2K tons)
  6. Czech Republic (1.0K tons)
  7. France (1.0K tons)
  8. Austria (0.6K tons)
  9. Belgium (0.6K tons)
  10. Hungary (0.6K tons)
  11. Turkey (0.5K tons)
  12. United States (0.5K tons)
  13. Ireland (0.5K tons)

Imports of Copper Bar, Rod and Profile in Bulgaria

In 2022, the amount of copper bars, rods and profiles imported into Bulgaria reduced markedly to 4.7K tons, with a decrease of -19.6% against 2021. Over the period under review, imports continue to indicate a noticeable decrease. The growth pace was the most rapid in 2021 with an increase of 14%. As a result, imports attained the peak of 5.9K tons, and then fell rapidly in the following year.

In value terms, copper bar, rod and profile imports contracted to $35M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 41% against the previous year. As a result, imports attained the peak of $36M, and then fell slightly in the following year.

Import of Copper Bar, Rod and Profile in Bulgaria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey22.621.430.730.710.7%
Italy0.71.22.01.426.0%
Germany1.80.80.60.8-23.7%
Spain0.50.60.70.817.0%
Poland0.70.60.60.4-17.0%
Others0.50.71.21.233.9%
Total27.025.335.735.29.2%

Top Suppliers of Copper Bar, Rod and Profile to Bulgaria in 2022:

  1. Turkey (3991.3 tons)
  2. Italy (425.9 tons)
  3. Spain (134.1 tons)
  4. Germany (55.4 tons)
  5. Poland (33.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for copper bar, rod and profile 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 24442200 - Copper and copper alloy bars, rods, profiles and hollow profiles (excluding bars and rods obtained by casting or sintering, copper wire rod in coils)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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