Bulgaria: Market for Stainless Steel Seamless Pipe For Oil And Gas 2024

Market Size for Stainless Steel Seamless Pipe For Oil And Gas in Bulgaria

For the fifth consecutive year, the Bulgarian stainless steel seamless pipe market recorded growth in sales value, which increased by X% to $X in 2022. In general, the total consumption indicated a temperate increase 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 2017 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Production of Stainless Steel Seamless Pipe For Oil And Gas in Bulgaria

In value terms, stainless steel seamless pipe production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Stainless steel seamless pipe production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports from Bulgaria

In 2022, after four years of growth, there was significant decline in shipments abroad of stainless steel seamless pipe for oil and gas, when their volume decreased by X% to X tons. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X tons in 2021, and then plummeted in the following year.

In value terms, stainless steel seamless pipe exports fell markedly to $X in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. The exports peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Germany (X tons), Poland (X tons) and Italy (X tons) were the main destinations of stainless steel seamless pipe exports from Bulgaria, with a combined X% share of total exports. Belgium, France, Spain and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for stainless steel seamless pipe exported from Bulgaria were Germany ($X), Italy ($X) and Poland ($X), with a combined X% share of total exports. Belgium, Spain, France and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, France, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average stainless steel seamless pipe export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, saw a significant increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Poland ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports into Bulgaria

In 2022, overseas purchases of stainless steel seamless pipe for oil and gas decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, stainless steel seamless pipe imports contracted significantly to $X in 2022. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Greece (X tons), Romania (X tons) and Italy (X tons) were the main suppliers of stainless steel seamless pipe imports to Bulgaria, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Romania ($X), Greece ($X) and Germany ($X) were the largest stainless steel seamless pipe suppliers to Bulgaria, with a combined X% share of total imports.

Among the main suppliers, Greece, 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 mixed trend patterns.

Import Prices by Country

The average stainless steel seamless pipe import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price faced a deep slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked 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 ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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