Bulgaria: Market for Iron Or Steel Doors, Thresholds For Doors And Windows 2024

Market Size for Iron Or Steel Doors, Thresholds For Doors And Windows in Bulgaria

For the third year in a row, the Bulgarian market for iron or steel doors, thresholds for doors and windows recorded growth in sales value, which increased by 18% to $X in 2022. Over the period under review, consumption showed a resilient expansion. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Production of Iron Or Steel Doors, Thresholds For Doors And Windows in Bulgaria

In value terms, production of iron or steel doors, thresholds for doors and windows shrank to $X in 2022 estimated in export price. In general, production, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 69% against the previous year. Production of peaked at $X in 2021, and then fell in the following year.

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Exports of Iron Or Steel Doors, Thresholds For Doors And Windows

Exports from Bulgaria

In 2022, exports of iron or steel doors, thresholds for doors and windows from Bulgaria dropped markedly to X units, shrinking by -27.3% on the previous year. Overall, exports showed a slight decline. The most prominent rate of growth was recorded in 2017 when exports increased by 61%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of iron or steel doors, thresholds for doors and windows dropped remarkably to $X in 2022. Over the period under review, exports recorded a mild curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 114% against the previous year. Over the period under review, the exports of hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Greece (X units) was the main destination for exports of iron or steel doors, thresholds for doors and windows from Bulgaria, with a 51% share of total exports. Moreover, exports of iron or steel doors, thresholds for doors and windows to Greece exceeded the volume sent to the second major destination, North Macedonia (X units), threefold. Serbia (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Greece totaled +16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+3.0% per year) and Serbia (-4.2% per year).

In value terms, the largest markets for iron or steel window and door exported from Bulgaria were Greece ($X), North Macedonia ($X) and Serbia ($X), together comprising 59% of total exports. These countries were followed by Ireland, Romania, Cyprus and Georgia, which together accounted for a further 25%.

Ireland, with a CAGR of +218.4%, recorded the highest rates of growth with regard to 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

The average export price for iron or steel doors, thresholds for doors and windows stood at $X per unit in 2022, with a decrease of -15.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 126% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+16.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Doors, Thresholds For Doors And Windows

Imports into Bulgaria

In 2022, the amount of iron or steel doors, thresholds for doors and windows imported into Bulgaria surged to X units, jumping by 19% on the previous year. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 19% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of iron or steel doors, thresholds for doors and windows skyrocketed to $X in 2022. Overall, imports posted a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 39% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Turkey (X units) constituted the largest iron or steel window and door supplier to Bulgaria, accounting for a 60% share of total imports. Moreover, imports of iron or steel doors, thresholds for doors and windows from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Italy (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.2% per year) and Italy (+12.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of iron or steel doors, thresholds for doors and windows to Bulgaria, comprising 47% of total imports. The second position in the ranking was held by Germany ($X), with a 23% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.9% per year) and Italy (+10.3% per year).

Import Prices by Country

In 2022, the average import price for iron or steel doors, thresholds for doors and windows amounted to $X per unit, remaining stable against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 25%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Romania ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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