Bulgaria: Iron Household Articles Market 2024

Iron Household Articles Market Size in Bulgaria

For the third consecutive year, the Bulgarian iron household articles market recorded growth in sales value, which increased by X% to $X in 2023. In general, consumption posted a strong increase. Iron household articles consumption peaked in 2023 and is likely to see gradual growth in the immediate term.

Iron Household Articles Production in Bulgaria

In value terms, iron household articles production dropped to $X in 2023 estimated in export price. In general, the total production indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2022, and then dropped in the following year.

Iron Household Articles Exports

Exports from Bulgaria

In 2023, approx. X tons of table, kitchen or household articles and parts of iron were exported from Bulgaria; remaining stable against the previous year. Overall, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, iron household articles exports rose rapidly to $X in 2023. In general, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Romania (X tons) and Serbia (X tons) were the main destinations of iron household articles exports from Bulgaria, with a combined X% share of total exports. Greece, Georgia, Bosnia and Herzegovina, France, North Macedonia and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Romania ($X) and Serbia ($X) appeared to be the largest markets for iron household articles exported from Bulgaria worldwide, together accounting for X% of total exports. Greece, France, Georgia, Bosnia and Herzegovina, North Macedonia and Germany lagged somewhat behind, together comprising a further X%.

France, with a CAGR of X%, 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

In 2023, the average iron household articles export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Household Articles Imports

Imports into Bulgaria

Iron household articles imports into Bulgaria skyrocketed to X tons in 2023, growing by X% against the previous year's figure. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, iron household articles imports surged to $X in 2023. Over the period under review, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X tons), Turkey (X tons) and Germany (X tons) were the main suppliers of iron household articles imports to Bulgaria, together comprising X% of total imports. Denmark, Ukraine, Romania, Belgium, Hungary, Austria, Italy and Poland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Germany ($X) constituted the largest iron household articles suppliers to Bulgaria, together accounting for X% of total imports. Belgium, Denmark, Romania, Hungary, Ukraine, Italy, Austria and Poland lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Denmark, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average iron household articles import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated a measured increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, iron household articles import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2023 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform