Bulgaria: Base Metal Hook Market 2022

Base Metal Hook Market Size in Bulgaria

The Bulgarian base metal hook market contracted dramatically to $X in 2021, which is down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted noticeable growth. Base metal hook consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Base Metal Hook Exports

Exports from Bulgaria

In 2021, the amount of base metal hooks, eyes and eyelets exported from Bulgaria soared to X tons, picking up by X% against the previous year. Overall, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, base metal hook exports dropped modestly to $X in 2021. Over the period under review, exports recorded a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X tons), Denmark (X tons) and Romania (X tons) were the main destinations of base metal hook exports from Bulgaria, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in Sweden (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Albania ($X) and Denmark ($X) appeared to be the largest markets for base metal hook exported from Bulgaria worldwide, with a combined X% share of total exports.

Sweden, with a CAGR of +X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average base metal hook export price amounted to $X per ton, dropping by -X% against the previous year. Overall, the export price showed a noticeable shrinkage. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Hook Imports

Imports into Bulgaria

In 2021, base metal hook imports into Bulgaria declined notably to X tons, falling by -X% compared with the year before. Over the period under review, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2020, and then reduced remarkably in the following year.

In value terms, base metal hook imports contracted rapidly to $X in 2021. Overall, imports, however, showed a noticeable increase. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), Greece (X tons) and China (X tons) were the main suppliers of base metal hook imports to Bulgaria, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of base metal hook to Bulgaria, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by Greece, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Greece (-X% per year).

Import Prices by Country

In 2021, the average base metal hook import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, saw a deep downturn. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform