Bulgaria: Market for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines 2024

Market Size for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in Bulgaria

The Bulgarian market for line pipe of steel other than stainless steel for oil or gas pipelines shrank slightly to $X in 2022, dropping by X% against the previous year. In general, consumption faced a deep slump. The growth pace was the most rapid in 2017 when the market value increased by X%. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in Bulgaria

In value terms, production of line pipe of steel other than stainless steel for oil or gas pipelines fell to $X in 2022 estimated in export price. In general, production faced a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Exports from Bulgaria

In 2022, shipments abroad of line pipe of steel other than stainless steel for oil or gas pipelines decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a measured expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then declined markedly in the following year.

In value terms, exports of line pipe of steel other than stainless steel for oil or gas pipelines dropped markedly to $X in 2022. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then dropped markedly in the following year.

Exports by Country

Romania (X tons) was the main destination for exports of line pipe of steel other than stainless steel for oil or gas pipelines from Bulgaria, accounting for a X% share of total exports. Moreover, exports of line pipe of steel other than stainless steel for oil or gas pipelines to Romania exceeded the volume sent to the second major destination, Austria (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and North Macedonia (X% per year).

In value terms, Romania ($X) emerged as the key foreign market for line pipe of steel other than stainless steel for oil or gas pipelines exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Austria ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and North Macedonia (X% per year).

Export Prices by Country

In 2022, the average export price for line pipe of steel other than stainless steel for oil or gas pipelines amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Romania ($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 Turkey (X%), while the prices for the other major destinations experienced a decline.

Imports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Imports into Bulgaria

In 2022, approx. X tons of line pipe of steel other than stainless steel for oil or gas pipelines were imported into Bulgaria; which is down by X% on 2021 figures. Over the period under review, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of line pipe of steel other than stainless steel for oil or gas pipelines contracted to $X in 2022. In general, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

The Czech Republic (X tons), Romania (X tons) and Greece (X tons) were the main suppliers of imports of line pipe of steel other than stainless steel for oil or gas pipelines to Bulgaria, together accounting for X% of total imports. Italy, Austria, China and Germany lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest line pipe of steel other than stainless steel for oil or gas pipelines suppliers to Bulgaria were Romania ($X), the Czech Republic ($X) and Greece ($X), with a combined X% share of total imports.

The Czech Republic, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average import price for line pipe of steel other than stainless steel for oil or gas pipelines amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, showed a noticeable descent. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per ton) and Italy ($X per ton), while the price for the Czech Republic ($X per ton) and Romania ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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