Bulgaria: Carbides Market 2024

Carbides Market Size in Bulgaria

The Bulgarian carbides market was finally on the rise to reach $X in 2022, after eight years of decline. In general, consumption, however, saw a deep slump. Carbides consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Carbides Production in Bulgaria

In value terms, carbides production declined to $X in 2022 estimated in export price. Overall, production saw a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Carbides production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Carbides Exports

Exports from Bulgaria

In 2022, exports of carbides from Bulgaria dropped dramatically to X tons, shrinking by X% on the previous year's figure. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, carbides exports contracted notably to $X in 2022. Over the period under review, exports showed a deep setback. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then plummeted in the following year.

Exports by Country

Romania (X tons) was the main destination for carbides exports from Bulgaria, accounting for a X% share of total exports. Moreover, carbides exports to Romania exceeded the volume sent to the second major destination, Turkey (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Poland (X% per year).

In value terms, Romania ($X) emerged as the key foreign market for carbides exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Romania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Poland (X% per year).

Export Prices by Country

The average carbides export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbides export price increased by X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

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

Carbides Imports

Imports into Bulgaria

In 2022, carbides imports into Bulgaria plummeted to X tons, waning by X% on the previous year's figure. Over the period under review, imports, however, recorded mild growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, carbides imports declined to $X in 2022. In general, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X tons), Germany (X tons) and Ukraine (X tons) were the main suppliers of carbides imports to Bulgaria, with a combined X% share of total imports. Slovenia, Italy, China and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of carbides to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average carbides import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price continues to indicate a notable expansion. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform