Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria (FOB) - 2023
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria (CIF) - 2022
The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $885 per ton in 2022, growing by 18% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses increased by +84.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 57% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
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 Egypt ($1,062 per ton), while the price for Romania ($467 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria (FOB) - 2023
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $975 per ton in July 2023, growing by 42% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +2.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In July 2023, the country with the highest price was Germany ($1,004 per ton), while the average price for exports to Greece amounted to $746 per ton.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria
In 2022, the amount of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses imported into Bulgaria rose remarkably to 194K tons, picking up by 7.2% compared with 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses surged to $172M in 2022. In general, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 88% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 44.3 | 37.1 | 78.3 | 87.8 | 25.6% |
| Turkey | 32.4 | 8.3 | 10.9 | 28.5 | -4.2% |
| Egypt | N/A | N/A | 0.7 | 10.4 | 1385.7% |
| Italy | 2.2 | 4.8 | 3.7 | 9.1 | 60.5% |
| Ukraine | 13.0 | 10.1 | 12.5 | 8.3 | -13.9% |
| Belarus | N/A | N/A | 15.0 | 8.3 | -44.7% |
| Moldova | 3.3 | 5.9 | 6.7 | 7.7 | 32.6% |
| Romania | N/A | 0.3 | 0.9 | 6.5 | 365.5% |
| Bosnia and Herzegovina | 4.3 | 4.0 | 4.5 | 2.7 | -14.4% |
| Others | 3.8 | 2.1 | 3.2 | 2.9 | -8.6% |
| Total | 103 | 72.6 | 136 | 172 | 18.6% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Bulgaria in 2022:
- Greece (94.4K tons)
- Turkey (34.7K tons)
- Romania (13.8K tons)
- Belarus (10.1K tons)
- Egypt (9.8K tons)
- Italy (9.3K tons)
- Ukraine (8.9K tons)
- Moldova (7.7K tons)
- Bosnia and Herzegovina (2.9K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria
In 2022, the amount of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses exported from Bulgaria dropped rapidly to 665 tons, shrinking by -38.2% on the previous year's figure. Overall, exports recorded a sharp contraction. The smallest decline of -17.1% was in 2020.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses reduced notably to $622K in 2022. Over the period under review, exports saw a sharp setback. The smallest decline of -11.4% was in 2021.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 512 | 436 | 260 | 536 | 1.5% |
| North Macedonia | 665 | 250 | 315 | 84.2 | -49.8% |
| 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 | 622 | -22.7% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Bulgaria in 2022:
- Greece (597.6 tons)
- North Macedonia (65.2 tons)
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