Bulgaria: Market for Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips 2024

Market Size for Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips in Bulgaria

The Bulgarian market for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips skyrocketed to $X in 2022, with an increase of X% against the previous year. In general, consumption saw a strong expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips in Bulgaria

In value terms, production of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips surged to $X in 2022 estimated in export price. Over the period under review, production saw a tangible increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips

Exports from Bulgaria

In 2022, overseas shipments of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips were finally on the rise to reach X tons after two years of decline. Over the period under review, exports enjoyed temperate growth. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips surged to $X in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Turkey (X tons) and Russia (X tons) were the main destinations of exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips from Bulgaria, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Ukraine ($X) and Turkey ($X) were the largest markets for unmounted tool inserts, sticks or plates exported from Bulgaria worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Russia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price showed a significant expansion. The pace of growth was the most pronounced in 2016 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Germany ($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 Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips

Imports into Bulgaria

In 2022, overseas purchases of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips decreased by X% to X tons, falling for the fourth consecutive year after four years of growth. Over the period under review, imports, however, showed tangible growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips rose remarkably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Slovenia (X tons) constituted the largest supplier of unmounted tool inserts, sticks or plates to Bulgaria, with a X% share of total imports. Moreover, imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips from Slovenia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a X% share.

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

In value terms, the largest unmounted tool inserts, sticks or plates suppliers to Bulgaria were the Netherlands ($X), Germany ($X) and Belgium ($X), with a combined X% share of total imports. Slovenia, Italy, China, France and Luxembourg lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average import price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X,396 per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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