Bulgaria: Carbides Market 2022

Carbides Market Size in Bulgaria

The Bulgarian carbides market reduced slightly to $X in 2021, declining by -X% against the previous year. In general, consumption showed a abrupt decrease. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Carbides Production in Bulgaria

In value terms, carbides production expanded remarkably to $X in 2021 estimated in export price. Overall, production, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Carbides Exports

Exports from Bulgaria

In 2021, exports of carbides from Bulgaria surged to X tons, growing by X% on 2020 figures. In general, exports enjoyed a modest increase. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, carbides exports surged to $X in 2021. Overall, exports showed a noticeable increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

Turkey (X tons), Romania (X tons) and Greece (X tons) were the main destinations of carbides exports from Bulgaria, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Romania ($X) and Greece ($X) appeared to be the largest markets for carbides exported from Bulgaria worldwide, with a combined X% share of total exports.

Turkey, with a CAGR of +X%, recorded 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 carbides export price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2021, the countries with the highest prices were Egypt ($X per ton) and Greece ($X per ton), while the average price for exports to Slovenia ($X per ton) and Turkey ($X per ton) were amongst the lowest.

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

Carbides Imports

Imports into Bulgaria

In 2021, overseas purchases of carbides were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, carbides imports skyrocketed to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of carbides to Bulgaria, accounting for a X% share of total imports. Moreover, carbides imports from Spain exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), twofold. Italy (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-X% per year) and Italy (+X% per year).

In value terms, Germany ($X), Ukraine ($X) and Italy ($X) constituted the largest carbides suppliers to Bulgaria, together accounting for X% of total imports.

Italy, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average carbides import price amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, carbides import price decreased by -X% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform