Bulgaria: Metallised Yarn Market 2024

Metallised Yarn Market Size in Bulgaria

In 2022, the Bulgarian metallised yarn market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption continues to indicate a notable expansion. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Metallised Yarn Production in Bulgaria

In value terms, metallised yarn production contracted slightly to $X in 2022 estimated in export price. In general, production, however, recorded pronounced growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Metallised yarn production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Metallised Yarn Exports

Exports from Bulgaria

In 2022, metallised yarn exports from Bulgaria skyrocketed to X tons, rising by X% compared with 2021 figures. Over the period under review, exports, however, saw a deep downturn. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, metallised yarn exports skyrocketed to $X in 2022. Overall, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for metallised yarn exports from Bulgaria, accounting for a X% share of total exports. Moreover, metallised yarn exports to Turkey exceeded the volume sent to the second major destination, Ukraine (X tons), twofold.

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

In value terms, the largest markets for metallised yarn exported from Bulgaria were Turkey ($X), Ukraine ($X) and Italy ($X), with a combined X% share of total exports.

Among the main countries of destination, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average metallised yarn export price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price, however, posted a resilient increase. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Turkey ($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 Greece (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metallised Yarn Imports

Imports into Bulgaria

After four years of decline, overseas purchases of metallised yarn and strip increased by X% to X tons in 2022. Over the period under review, imports showed a prominent expansion. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, metallised yarn imports soared to $X in 2022. In general, imports continue to indicate a measured increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of metallised yarn to Bulgaria, with a X% share of total imports. Moreover, metallised yarn imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was taken by the Czech Republic (X kg), with a X% share.

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

In value terms, Turkey ($X) constituted the largest supplier of metallised yarn and strip to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

Import Prices by Country

The average metallised yarn import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price, however, saw a perceptible curtailment. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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