Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria - 2023

Contents:

  1. Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria (CIF) - 2022
  2. Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria (FOB) - 2022
  3. Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria
  4. Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria

Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria (CIF) - 2022

The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $874 per ton in 2022, picking up by 9.4% against the previous year. Overall, the import price, however, faced a abrupt contraction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 3,155% against the previous year. As a result, import price attained the peak level of $18,333 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($1,072 per ton), while the price for Turkey stood at $866 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+24.2%).

Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria (FOB) - 2022

The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,025 per ton in 2022, with an increase of 13% against the previous year. In general, the export price, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2021 an increase of 81% against the previous year. Over the period under review, the average export prices hit record highs at $4,983 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Greece.

From 2012 to 2022, the rate of growth in terms of prices for Greece amounted to +43.0% per year.

Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria

Imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses into Bulgaria skyrocketed to 6.6K tons in 2022, rising by 128% against 2021. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 6,558% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses soared to $5.8M in 2022. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 5,631% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
TurkeyN/AN/A1.75.5223.5%
ItalyN/A0.10.60.373.2%
OthersN/AN/AN/AN/A0%
TotalN/A0.12.35.8661.6%

Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Bulgaria in 2022:

  1. Turkey (6.3K tons)
  2. Italy (0.3K tons)

Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria

In 2022, after two years of growth, there was significant decline in overseas shipments of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses, when their volume decreased by -42.2% to 257 tons. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 282%. As a result, the exports reached the peak of 445 tons, and then dropped sharply in the following year.

In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses dropped remarkably to $264K in 2022. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 592%. As a result, the exports reached the peak of $404K, and then shrank markedly in the following year.

Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Bulgaria (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
Greece58.4404264112.6%
OthersN/AN/AN/A0%
Total58.4404264112.6%

Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Bulgaria in 2022:

  1. Greece (257.4 tons)

Source: IndexBox Market Intelligence Platform

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