Bulgaria - Pig Iron And Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights

Bulgaria: Pig Iron Market Overview 2020

Pig Iron Market Size in Bulgaria

The revenue of the pig iron market in Bulgaria amounted to $X in 2018, going up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, pig iron consumption continues to indicate an outstanding increase. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. In that year, the pig iron market attained its peak level of $X. From 2009 to 2018, the growth of the pig iron market failed to regain its momentum.

Pig Iron Exports

Exports from Bulgaria

In 2018, the amount of pig iron and spiegeleisen exported from Bulgaria totaled X tonnes, lowering by -X% against the previous year. Over the period under review, pig iron exports continue to indicate an abrupt curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, pig iron exports reached their peak figure at X tonnes in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, pig iron exports stood at $X in 2018. Overall, pig iron exports continue to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Over the period under review, pig iron exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Greece (X tonnes) was the main destination for pig iron exports from Bulgaria, with a X% share of total exports. Moreover, pig iron exports to Greece exceeded the volume sent to the second major destination, Romania (X tonnes), more than tenfold. The third position in this ranking was occupied by Spain (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Greece amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-X% per year) and Spain (-X% per year).

In value terms, Greece ($X) remains the key foreign market for pig iron exports from Bulgaria, comprising X% of total pig iron exports. The second position in the ranking was occupied by Romania ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Greece totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-X% per year) and Spain (-X% per year).

Export Prices by Country

In 2018, the average pig iron export price amounted to $X per tonne, rising by X% against the previous year. In general, the pig iron export price, however, continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2011 when the average export price increased by X% against the previous year. In that year, the average export prices for pig iron and spiegeleisen reached their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the average export prices for pig iron and spiegeleisen remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Spain ($X per tonne), while the average price for exports to Greece ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced mixed trend patterns.

Pig Iron Imports

Imports into Bulgaria

In 2018, the amount of pig iron and spiegeleisen imported into Bulgaria stood at X tonnes, declining by -X% against the previous year. Over the period under review, pig iron imports continue to indicate a deep decline. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, pig iron imports reached their peak figure at X tonnes in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

In value terms, pig iron imports stood at $X in 2018. Overall, pig iron imports continue to indicate a deep drop. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Ukraine (X tonnes) constituted the largest pig iron supplier to Bulgaria, accounting for a X% share of total imports. Moreover, pig iron imports from Ukraine exceeded the figures recorded by the second-largest supplier, Russia (X tonnes), fourfold. Turkey (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Ukraine totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-X% per year) and Turkey (+X% per year).

In value terms, Ukraine ($X) constituted the largest supplier of pig iron to Bulgaria, comprising X% of total pig iron imports. The second position in the ranking was occupied by Russia ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Ukraine totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-X% per year) and Turkey (+X% per year).

Import Prices by Country

The average pig iron import price stood at $X per tonne in 2018, growing by X% against the previous year. Over the period under review, the pig iron import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% year-to-year. Over the period under review, the average import prices for pig iron and spiegeleisen attained their peak figure at $X per tonne in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2018, the countries with the highest prices were Ukraine ($X per tonne) and Turkey ($X per tonne), while the price for Austria ($X per tonne) and Russia ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Ukraine, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform