Price for Iron or Steel; Cast Articles in Bulgaria - 2023

Price for Iron or Steel; Cast Articles in Bulgaria (FOB) - 2023

The average export price for iron or steel; cast articleses stood at $3,378 per ton in June 2023, with an increase of 6.2% against the previous month. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average export price increased by 16% month-to-month. The export price peaked in June 2023.

There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Spain ($6,863 per ton), while the average price for exports to Greece ($2,229 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Iron or Steel; Cast Articles in Bulgaria (CIF) - 2023

In June 2023, the average import price for iron or steel; cast articleses amounted to $2,307 per ton, declining by -11.3% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 44% against the previous month. As a result, import price attained the peak level of $3,266 per ton. From January 2023 to June 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($5,565 per ton), while the price for Iran ($1,114 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Iron or Steel; Cast Articles in Bulgaria

In 2022, approx. 16K tons of iron or steel; cast articleses were exported from Bulgaria; dropping by -5.1% against the year before. Overall, exports recorded a mild reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 9.1%. As a result, the exports reached the peak of 17K tons, and then reduced in the following year.

In value terms, iron or steel; cast articles exports skyrocketed to $48M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Iron or Steel; Cast Articles in Bulgaria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	7.5	6.9	11.1	16.1	29.0%
Germany	7.7	8.1	8.2	11.0	12.6%
Poland	3.1	3.7	5.2	6.7	29.3%
Turkey	3.1	2.2	3.1	4.7	14.9%
Spain	2.6	1.9	1.6	1.9	-9.9%
Finland	2.0	0.9	1.6	1.5	-9.1%
Romania	0.7	0.5	0.8	1.3	22.9%
Latvia	0.4	0.4	0.6	0.9	31.0%
Morocco	1.5	1.1	1.1	0.7	-22.4%
Others	4.6	4.6	5.5	3.5	-8.7%
Total	33.1	30.4	38.8	48.2	13.3%

Top Export Markets for Iron or Steel; Cast Articles from Bulgaria in 2022:

Italy (5.4K tons)
Germany (4.8K tons)
Poland (1.4K tons)
Turkey (1.2K tons)
Romania (0.5K tons)
Finland (0.5K tons)
Latvia (0.3K tons)
Morocco (0.2K tons)
Spain (0.2K tons)

Imports of Iron or Steel; Cast Articles in Bulgaria

In 2022, the amount of iron or steel; cast articleses imported into Bulgaria dropped to 6.3K tons, which is down by -7.7% against the year before. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. As a result, imports attained the peak of 6.9K tons, and then fell in the following year.

In value terms, iron or steel; cast articles imports stood at $16M in 2022. The total import value increased at an average annual rate of +6.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Iron or Steel; Cast Articles in Bulgaria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	4.4	4.6	6.4	8.5	24.5%
Germany	3.0	2.9	2.2	2.7	-3.5%
China	0.3	0.6	1.1	1.0	49.4%
Spain	0.7	0.5	0.9	0.8	4.6%
Austria	0.6	0.5	0.8	0.7	5.3%
Iran	0.2	0.2	0.6	0.7	51.8%
Italy	0.3	0.2	0.3	0.5	18.6%
Slovenia	0.3	0.6	0.4	0.3	0.0%
Ukraine	0.3	0.1	0.3	0.1	-30.7%
Slovakia	1.4	1.7	0.8	N/A	-24.4%
Others	1.4	1.2	1.7	0.5	-29.1%
Total	13.1	12.9	15.4	15.8	6.4%