Bulgaria: Titanium Market 2022

Titanium Market Size in Bulgaria

The Bulgarian titanium market rose slightly to $X in 2021, with an increase of X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Titanium consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Titanium Production in Bulgaria

In value terms, titanium production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Titanium production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Titanium Exports

Exports from Bulgaria

For the tenth consecutive year, Bulgaria recorded growth in overseas shipments of titanium sponge, powders, ingots and slabs, which increased by X% to X tons in 2021. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, titanium exports skyrocketed to $X in 2021. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for titanium exports from Bulgaria, with a X% share of total exports. It was followed by Turkey (X kg), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

In value terms, the Netherlands ($X) and Turkey ($X) appeared to be the largest markets for titanium exported from Bulgaria worldwide.

Turkey, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average titanium export price amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the export price recorded a precipitous curtailment. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($X per ton), while the average price for exports to the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%).

Titanium Imports

Imports into Bulgaria

Titanium imports into Bulgaria declined notably to X kg in 2021, waning by -X% against 2020. Overall, imports saw a sharp contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, titanium imports reduced rapidly to $X in 2021. Over the period under review, imports faced a dramatic downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X kg) constituted the largest supplier of titanium to Bulgaria, accounting for a X% share of total imports. Moreover, titanium imports from Germany exceeded the figures recorded by the second-largest supplier, Singapore (X kg), more than tenfold. The third position in this ranking was occupied by the UK (X kg), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and the UK (-X% per year).

In value terms, the largest titanium suppliers to Bulgaria were Germany ($X), Singapore ($X) and Taiwan (Chinese) ($X), together accounting for X% of total imports.

Germany, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average titanium import price amounted to $X per ton, growing by X% against the previous year. In general, the import price recorded a noticeable increase. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform