Report Update: Apr 1, 2024

Bulgaria - Welded And Cold-Formed Sections Of Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Welded and Cold-Formed Steel Sections in Bulgaria - 2023

Price for Welded and Cold-Formed Steel Sections in Bulgaria (FOB) - 2022

In 2022, the average export price for welded and cold-formed sections of steel amounted to $1,290 per ton, rising by 9.8% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 79%. The export price peaked at $1,346 per ton in 2012; afterwards, it flattened through to 2022.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($1,434 per ton) and the Czech Republic ($1,368 per ton), while the average price for exports to Greece ($992 per ton) and Romania ($1,119 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Welded and Cold-Formed Steel Sections in Bulgaria (CIF) - 2023

In June 2023, the average import price for welded and cold-formed sections of steel amounted to $2,692 per ton, rising by 70% against the previous month. Over the period under review, import price indicated a noticeable increase from June 2022 to June 2023: its price increased at an average monthly rate of +4.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, welded and cold-formed steel sections import price increased by +117.3% against January 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($6,280 per ton), while the price for Turkey ($397 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 Lithuania (0.0%), while the prices for the other major suppliers experienced a decline.

Exports of Welded and Cold-Formed Steel Sections in Bulgaria

In 2022, shipments abroad of welded and cold-formed sections of steel decreased by -59.1% to 5.1K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a sharp setback. The pace of growth appeared the most rapid in 2020 when exports increased by 17%. As a result, the exports attained the peak of 14K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, welded and cold-formed steel sections exports contracted rapidly to $6.6M in 2022. In general, exports recorded a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 58%. As a result, the exports attained the peak of $15M, and then shrank markedly in the following year.

Export of Welded and Cold-Formed Steel Sections in Bulgaria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Hungary	1.5	2.8	5.0	2.0	10.1%
Poland	2.0	2.0	3.9	1.6	-7.2%
Czech Republic	0.6	0.5	1.0	1.4	32.6%
Romania	2.3	2.4	1.3	0.5	-39.9%
Slovakia	0.3	0.6	2.4	0.5	18.6%
Germany	1.0	0.4	0.2	0.1	-53.6%
Greece	0.1	0.1	0.2	0.1	0.0%
Others	1.2	0.5	0.6	0.3	-37.0%
Total	9.0	9.3	14.7	6.6	-9.8%

Top Export Markets for Welded and Cold-Formed Steel Sections from Bulgaria in 2022:

Hungary (1604.2 tons)
Poland (1306.7 tons)
Czech Republic (1014.9 tons)
Slovakia (458.1 tons)
Romania (405.4 tons)
Greece (116.7 tons)
Germany (92.0 tons)

Imports of Welded and Cold-Formed Steel Sections in Bulgaria

For the fourth year in a row, Bulgaria recorded growth in supplies from abroad of welded and cold-formed sections of steel, which increased by 61% to 3.2K tons in 2022. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 411%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, welded and cold-formed steel sections imports surged to $5.8M in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 234%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Welded and Cold-Formed Steel Sections in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Luxembourg	N/A	N/A	N/A	3,385	0%
Romania	77.4	1,185	1,551	1,327	157.9%
Czech Republic	327	292	354	352	2.5%
Lithuania	0.6	1.6	1.2	236	632.7%
Turkey	14.5	16.3	21.7	40.7	41.1%
Others	88.8	205	490	467	73.9%
Total	509	1,699	2,417	5,807	125.1%

Top Suppliers of Welded and Cold-Formed Steel Sections to Bulgaria in 2022:

Luxembourg (1916.9 tons)
Romania (960.5 tons)
Lithuania (73.9 tons)
Czech Republic (60.9 tons)
Turkey (48.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for welded and cold-formed steel sections 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 24107420 - Welded and cold-formed sections (of steel)
Prodcom 2410T260 - Welded sections

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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