Price for Hot-Rolled Wire Rod in Coils in Bulgaria - 2023
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Bulgaria (CIF) - 2022
- Price for Hot-Rolled Wire Rod in Coils in Bulgaria (FOB) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Bulgaria
- Exports of Hot-Rolled Wire Rod in Coils in Bulgaria
Price for Hot-Rolled Wire Rod in Coils in Bulgaria (CIF) - 2022
The average import price for hot-rolled wire rods in coils stood at $817 per ton in 2022, rising by 8.6% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire rod in coils import price increased by +70.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 57% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($980 per ton), while the price for Romania ($431 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Wire Rod in Coils in Bulgaria (FOB) - 2022
The average export price for hot-rolled wire rods in coils stood at $868 per ton in 2022, surging by 2.7% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire rod in coils export price increased by +58.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 55%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($1,196 per ton), while the average price for exports to Greece amounted to $832 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hot-Rolled Wire Rod in Coils in Bulgaria
Hot-rolled wire rod in coils imports into Bulgaria amounted to 196K tons in 2022, surging by 7.9% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year.
In value terms, hot-rolled wire rod in coils imports surged to $160M in 2022. In general, imports enjoyed a strong expansion. The growth pace was the most rapid in 2021 with an increase of 88%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Hot-Rolled Wire Rod in Coils in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 44.3 | 37.1 | 78.3 | 81.5 | 22.5% |
| Turkey | 32.4 | 8.3 | 10.9 | 26.5 | -6.5% |
| Egypt | N/A | N/A | 0.7 | 9.7 | 1285.7% |
| Italy | 2.2 | 4.8 | 3.7 | 8.4 | 56.3% |
| Ukraine | 13.0 | 10.1 | 12.5 | 7.7 | -16.0% |
| Belarus | N/A | N/A | 15.0 | 7.7 | -48.7% |
| Moldova | 3.3 | 6.0 | 6.6 | 7.2 | 29.7% |
| Romania | N/A | 0.3 | 0.9 | 6.0 | 347.2% |
| Bosnia and Herzegovina | 4.3 | 4.0 | 4.5 | 2.5 | -16.5% |
| Others | 3.8 | 2.1 | 3.2 | 2.7 | -10.8% |
| Total | 103 | 72.6 | 136 | 160 | 15.8% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Bulgaria in 2022:
- Greece (95.1K tons)
- Turkey (34.9K tons)
- Romania (13.9K tons)
- Belarus (10.2K tons)
- Egypt (9.9K tons)
- Italy (9.3K tons)
- Ukraine (9.0K tons)
- Moldova (7.8K tons)
- Bosnia and Herzegovina (2.9K tons)
Exports of Hot-Rolled Wire Rod in Coils in Bulgaria
Hot-rolled wire rod in coils exports from Bulgaria plummeted to 712 tons in 2022, which is down by -33.5% on the previous year's figure. Over the period under review, exports showed a sharp decrease. The smallest decline of -17.1% was in 2020.
In value terms, hot-rolled wire rod in coils exports dropped significantly to $618K in 2022. Overall, exports showed a precipitous descent. The smallest decline of -11.5% was in 2021.
| Export of Hot-Rolled Wire Rod in Coils in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 512 | 436 | 259 | 532 | 1.3% |
| North Macedonia | 665 | 250 | 315 | 83.6 | -49.9% |
| Hungary | N/A | 64.1 | N/A | N/A | 0% |
| Poland | N/A | N/A | 128 | N/A | 0% |
| Italy | 16.0 | N/A | 116 | N/A | 169.3% |
| Romania | 128 | 262 | 74.9 | N/A | -23.5% |
| Others | 27.1 | 8.8 | 10.5 | 1.7 | -60.3% |
| Total | 1,349 | 1,021 | 904 | 618 | -22.9% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Bulgaria in 2022:
- Greece (640.4 tons)
- North Macedonia (69.9 tons)
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