Bulgaria: Market for Copper Ores And Concentrates 2024

Market Size for Copper Ores And Concentrates in Bulgaria

For the third consecutive year, the Bulgarian copper ores and concentrates market recorded growth in sales value, which increased by X% to $X in 2022. In general, the total consumption indicated a notable expansion 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, consumption increased by X% against 2019 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the near future.

Production of Copper Ores And Concentrates in Bulgaria

In value terms, copper ores and concentrates production expanded slightly to $X in 2022 estimated in export price. Overall, production recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Copper Ores And Concentrates

Exports from Bulgaria

In 2022, copper ores and concentrates exports from Bulgaria declined to X tons, waning by X% compared with 2021. In general, total exports indicated a strong increase from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, copper ores and concentrates exports shrank notably to $X in 2022. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for copper ores and concentrates exports from Bulgaria, accounting for a X% share of total exports. Moreover, copper ores and concentrates exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), more than tenfold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Germany (X% per year).

In value terms, China ($X) remains the key foreign market for copper ores and concentrates exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

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

Export Prices by Country

The average copper ores and concentrates export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price faced a deep slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Serbia (X%), while the prices for the other major destinations experienced a decline.

Imports of Copper Ores And Concentrates

Imports into Bulgaria

In 2022, copper ores and concentrates imports into Bulgaria surged to X tons, growing by X% compared with the year before. The total import volume 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 growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2018; afterwards, it flattened through to 2022.

In value terms, copper ores and concentrates imports expanded markedly to $X in 2022. Over the period under review, total imports indicated temperate 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 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Turkey (X tons), Georgia (X tons) and Serbia (X tons) were the main suppliers of copper ores and concentrates imports to Bulgaria, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest copper ores and concentrates suppliers to Bulgaria were Georgia ($X), Turkey ($X) and Brazil ($X), with a combined X% share of total imports. Indonesia, Peru, Serbia, Panama and Chile lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Panama, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average copper ores and concentrates import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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